HDFC OD against FD

[98MareZ]

Hey, i tried calling customer care and went to the branch too, they dont seem to have any knowledge about this. When i take an OD against FD in my savings account, do i get another credit line i.e seperate account to use my money, or does my savings account balance going in negative(-) would mean using of OD? Any help would be really grateful!

 

[aniketkr.sharma]

Hey, i tried calling customer care and went to the branch too, they dont seem to have any knowledge about this. When i take an OD against FD in my savings account, do i get another credit line i.e seperate account to use my money, or does my savings account balance going in negative(-) would mean using of OD? Any help would be really grateful!

if sweep in no another credit line, if overdraft it will be a new credit line

 

[98MareZ]

if sweep in no another credit line, if overdraft it will be a new credit line

So incase it'll be another credit line, that means i can keep my savings account balance seperate and just use OD balance through gpay?

 

[aniketkr.sharma]

So incase it'll be another credit line, that means i can keep my savings account balance seperate and just use OD balance through gpay?

Yes, but it will be chargeable with interest

 

[98MareZ]

Yes, but it will be chargeable with interest

Great, thank you so much for the help, just a last question, will their be any other annual maintaining charge or any other charges?

 

[aniketkr.sharma]

Great, thank you so much for the help, just a last question, will their be any other annual maintaining charge or any other charges?

As of now, i don't saw any other charges except interest

 

[98MareZ]

As of now, i don't saw any other charges except interest

Thanks for helping so much! You're using hdfc's od against fd facility yourself or found this info online?

 

[aniketkr.sharma]

Thanks for helping so much! You're using hdfc's od against fd facility yourself or found this info online?

I had tried to get that 2 days ago but reverted as i don't see any benefits for having it