The OD account is linked to the salary account to ensure auto debit towards OD account thereby charging less interest on the amount used. The interest is charged on the amount & number of days the funds are used. Avail Now Why use FlexiCash?
The requirement for immediate funds can arise anytime. When your Savings or Salary Account becomes nil, you can avail a credit extension in the form of anOverdraftor an OD. Let’s get to know what is the OD interest rate on the product. ...
Nil prepayment charges on Money Saver Account. Conversion charges For all floating (adjustable) rate linked term loan to Fixed or floating (adjustable) ₹ 3,000. Semi Fixed / Fixed Interest Rate to Adjustable Interest Rate - 2% of the principal outstanding ...
It is generally recommended that borrowers consider a housing loan with an OD facility, only if they can generate a surplus amount on a regular basis, that can be deposited into the overdraft loan account. If the surplus contributions are not significant or regular, the higher interest rate wil...