With the overdraft against fixed deposit facility, your fixed deposits continue to remain in your name and earn interest for you, while you avail finance against them.


Apart from your own fixed deposits, you can avail finance against fixed deposits held in the name of any of your family members, relatives or friends.

  • Most convenient and immediate line of credit against your fixed deposits
  • Interest charged only on utilized amount
  • Lower interest rates


  • Minimum Overdraft amount: Rs. 25,000
  • Maximum Overdraft amount: Upto 95% of fixed deposit
  • Tenor: 7 days to 365 days, linked to fixed deposit
  • Rate: 2% above the fixed deposit rate

Terms and conditions apply

Schedule of charges

Fees and Charges Overdraft against Fixed Deposits

Unauthorized usage of overdraft / overdrawing of facility limit

24% per annum on overdrawn amount

Service Tax Payable on fees and charges

As applicable

Stamp Duty Charges

Depending on local regulations

Apply for Overdraft Against Fixed Deposit

Apply Online

SMS OD to 561615

Call 18602666601#

#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.

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