If a customer wants to add overdraft protection on their account, they must apply for the service just as they would for any other credit facility.1The bank reviews the application and approval is subject to the customer'screditworthiness. Banks normally review whether to continue extending overdra...
If your bank account comes with an overdraft facility then you can spend money that you don't have and pay it back in the future. Read on to find out more.
Overdraft against fixed deposit is a facility where an FD account holder can avail of an overdraft of up to 90% of the value of the FD. The interest rates for OD against FDs are generally 1-2% more than the interest rates on the FD. You can cover up your expenses with an overdraft ...