FEATURES
Instead of liquidating your NRE, NRO or FCNR deposits in times of needs, borrow against them as an overdraft
Draw as much as you need, and pay interest only on the drawn amount till you repay. Your deposits continue to earn interest rate on fd
| Deposit type | OD limit |
|---|---|
| NRE | 90% of the deposit amount |
| NRO | 90% of the deposit amount |
| FCNR | 70% of the deposit amount |
You cannot prematurely close your deposits if an overdraft is outstanding on the account
Why should I break my deposits, when I can take an overdraft?
