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Can I take OD limit against my FD of Rs.200000.What will be the OD limit.
In Fixed Deposits  -  Asked by Anoop Kumar Saxena -  5 years ago

Best Answer:
Banks give overdraft up to 90% of your deposit amount at nominal cost. Some banks have set amount to avail overdraft facility against FD for example IDIBI bank offers this facility against an FD amount of Rs. 50,000 or higher. So you check with your bank branch. To know more about fixed deposits visit rupeetimes.com.
5 years ago - By Ritu

Other Answers (2)
show:
Answer 1.
I prefer to park my money in fixed deposit as your money multiply you can take loan also or earn regular income.
5 years ago - By Sonia
Answer 2.
You will easily get the overdraft facility from your bank. This is beneficial facility offered by banks as you continue to earn interest in your deposit and still can meet your urgent financial requirements.
5 years ago - By Dinki
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