| Fee | Amount To be Paid |
|---|---|
| Interest Rate on Utilisation | 15% to18% p.a. |
| Limit Processing Charges | Up to ₹1,999 |
| Annual Renewal Charges | NIL |
| Stamp Duty and Other Statutory Charges | As per the state law |
| Legal/Incidental Charges | At actuals |
| Underutilization charges | NIL |
| Pre-Payment Charges | NIL |
| Annual maintenance charges | NIL |
| Interest rate of 24% p.a. will be levied on the amount utilized above the Operating Limit of overdraft facility | |
| Overdraft Limit Cancellation | Overdraft limit cancellation is allowed within cooling off/look-up period of 3 days from the overdraft limit set/ disbursed date. In the event of overdraft limit cancellation, interest will be borne by the customer on the withdrawn / utilized limit. Processing Fee, Stamp duty , other statutory charges and GST are non-refundable charges and would not be waived/refunded in case of limit cancellation. |
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Disclaimer: Terms and conditions apply. Salary Plus approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.
HDFC Bank Salary Plus does not levy any annual renewal charges, underutilisation charges, pre-payment charges, or annual maintenance charges. This makes it a cost-effective overdraft facility if you plan to use it flexibly or repay early.
HDFC Bank Salary Plus Overdraft Facility Against interest rate is generally variable. This means the rate can fluctuate based on market conditions and the bank's internal policies. Typically, the salary plus overdraft facility interest rates ranges from 15% to 18% per annum.
With HDFC Bank Salary Plus, the repayment period for overdrafts backed by TDR or STDR can range between 3 and 5 years. The final tenure is based on your repayment capacity and the amount of overdraft availed from the bank.
For HDFC Bank Salary Plus overdrafts, the interest rate is 1% above your linked time deposit rate. This rate is applicable only up to the approved limit. If you exceed the sanctioned limit, the bank will levy interest at 24% per annum on the overdrawn amount.
With HDFC Bank Salary Plus, you can avail an overdraft of up to 90% of the value of your time deposit. This facility is secured against your TDR or STDR and helps you access funds while continuing to earn interest on your deposit.
Yes, HDFC Bank Salary Plus allows cancellation of the overdraft limit within a cooling-off period of 3 days from the disbursement date. However, interest on the withdrawn amount will still apply, and processing charges, stamp duty, and GST are non-refundable.
Under HDFC Bank Salary Plus, the limit for processing charges can be up to ₹1,999. Stamp duty and other statutory charges are levied as per applicable state laws. Please note that these charges are non-refundable even if the overdraft limit is cancelled during the look-up period.
HDFC Bank Salary Plus Overdraft Facility charges an interest rate from 15% to 18% per annum, varying based on the customer's relationship with the bank and their credit profile. Charges for the Salary Plus Overdraft Facility include a processing fee of up to 2% of the overdraft limit and other applicable taxes.
Legal and incidental charges on HDFC Bank Salary Plus overdraft are charged at actuals. These may be incurred during documentation, recovery, or other related processes and are separate from the limit processing and statutory charges mentioned at the time of sanction.