Best for

Get instant overdraft of up to ₹50 lakh

  • Collateral free working capital

  • No collateral required

  • Simple online approval journey

  • Instant credit to your Overdraft Account

  • Interest charged only on the amount used

Things you should know

  • Processing fee of 2 percent of the sanctioned limit plus applicable taxes

  • Interest rate applicable is linked to customer profile

  • Tenure is 12 months from date of limit setup

  • Renewal is at the sole discretion of ICICI Bank

  • No collateral and no commitment charges apply

How to apply

Looking for something else?

  • Purpose based Overdraft

    Get up to ₹15 lakh OD for GST or tax payments with minimal documentation.

  • Overdraft on Savings Account

    Get up to ₹50 lakh on your existing ICICI Bank Savings Account.

  • Overdraft basis Home Loans

    Avail up to ₹25 lakh OD against your ICICI Bank Home Loan.

About SAOD

What is InstaOD for Savings Account?

It is an online overdraft facility for existing Savings Account customers. It offers instant approval, no paperwork and quick access to funds.

What are the interest charges?

Interest is charged only on the overdraft amount used. The annual rate typically starts at 17%.

What is the maximum limit available?

Eligible customers can receive a pre approved overdraft up to ₹5 lakh based on their Savings Account profile.

What documents are required?

No documents are required. The process is completely digital.

FAQs

What is the tenure of the overdraft facility?

The tenure is 12 months from the date the limit is set. Renewal is at the discretion of ICICI Bank.

Is there a processing fee?

Yes. A processing fee of 2 percent of the sanctioned limit plus applicable taxes is charged.

Do I have to pay a fixed EMI?

No. Repay only the interest on the amount used. There is no fixed monthly instalment.

Who can help me with SAOD assistance?

You can contact the helpline at 1800 000123 from Monday to Friday between 09:30 a.m. and 06:00 p.m.

Disclaimer

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