An overdraft is a credit extension from a lender if a account reaches zero. An overdraft will allow the person to withdraw money even though there are no or not enough funds to cover the withdrawal of the account. Overdraft essentially means that the bank enables customers to borrow a certain amount.

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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