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What's in store for you

Benefits and Features

Maximum Amount Benefit

  • Instantly avail up to 90% of overdraft on your FD

Digital Benefit

  • Avail Overdraft against FD/Super Saver facility on deposit held in single name through NetBanking instantly.

Flexibility Benefit

  • Alter period of deposit, maturity, payment instructions and rollover mode before maturity of the rollover deposit.

Additional Features

  • Pay interest only on the amount withdrawn, while the rest of your FD continues to earn interest.

  • Choose from a Savings Account or Current Account to link with your FD.

  • Cancel OD facility via NetBanking for singly held FDs.

  • Minimum FD amount of ₹25,000 for a minimum tenure of 6 months 1 day to avail an Overdraft against FD/Super Saver facility.

  • The Overdraft limit can be utilised through NEFT, RTGS & fund transfers. Debit Card transactions (ATM, POS, online) cannot be made against the OD limit.

  • Click here to book a deposit online through NetBanking.

Overdraft Against Fixed Deposit

Wondering if you’re eligible?

You are eligible to open a fixed deposit if you are one of the following:

  • Resident Individuals
  • Hindu Undivided Families
  • Private and Public limited companies
  • Only Senior Citizens / Retired Personnel (above 60 years of age) who are Resident Indians are eligible for the Senior Citizen rate on the INR fixed deposit.
Overdraft Against Fixed Deposit

Documents to get you started

To apply for Overdraft Against Fixed Deposits, you must submit the following documents:

  • Proof of Identity: Aadhaar card, PAN card
  • Proof of Address: Latest utility bill, passport
  • Proof of Income: Latest salary slips (for salaried individuals), income tax returns (for self-employed individuals)

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Frequently Asked Questions

Login to NetBanking > Accounts > Transact > Overdraft against FD. Alternatively, visit the nearest HDFC Bank branch.

1. Retain Your Fixed Deposit:
 

  • Keep your FD intact while accessing cash.

  • Preserve the interest-earning potential of your deposit.

2. Instant Access to Funds:
 

  • Avail Overdraft Against FD instantly through NetBanking.

  • Minimum FD amount of ₹25,000 for a minimum tenure of 6 months 1 day required.

3. Flexible Repayment Options:
 

  • Pay interest only on the drawn amount.

  • Remaining Fixed Deposit continues to earn you interest.
     

4. Account Linking Options:

  • Choose between a Savings Account and a Current Account to link your Fixed Deposit. 

To apply for the Overdraft Against Fixed Deposits online, you'll need the following documents:
 

Proof of Identity:
 

  • Aadhaar card

  • PAN Card

Proof of Address:
 

  • Most recent utility bill

  • Passport

Proof of Income:
 

  • Recent salary slips (employed)

  • Income tax returns (self-employed)

Most Important Terms and Conditions   
 

*The (Most Important Terms and Conditions) for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.    

You can know more about the joining/renewal fees and other charges here.