An overdraft is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it or not enough to cover the withdrawal. Basically, overdraft means that the bank allows customers to borrow a set amount of money.

Why should I take an Overdraft facility?

  • Overdraft facility is like your all-weather friend. It provides credit on the move and doesn't trouble you with interest cost when you do not need it.
  • So you use it during those tough moments or to celebrate the occasion, as it happens in your life.
  • Why Personal Overdraft?

  • Turnaround Time : Disbursal or cash transfer to your account within 24 hours.
  • Flexibility : Unrestricted repayment and draw down option.
  • Expense Management : It gives you complete control on your day to day cash management.
  • Unique Product : This is first such offering for salaried employees in India.

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