Best for

Corporates looking for

  • Quick working capital

  • Cash flow bridge

  • No-disruption investments

  • Cost-efficient borrowing

Things you should know

  • Only callable FDs eligible

    An overdraft facility is available only against callable (withdrawable) fixed deposits.

  • Subject to T&Cs and limits

    Final overdraft amount and terms depend on bank's discretion and FD value.

  • Interest charged on usage

    You pay interest only on the utilized overdraft amount, not the sanctioned limit.

  • Linked account required

    A corporate current account with ICICI Bank is required to avail the OD.

About Overdraft Against Fixed Deposit

What is Overdraft Against FD?

A funding facility where businesses can borrow up to 90% of their callable fixed deposit value without liquidating it.

Why choose this facility?

It offers liquidity without interrupting your investment. With no processing fees, it’s a hassle-free solution.

How does it work?

Your callable FD acts as collateral. The overdraft is linked to your current account, and interest is charged only on the utilized portion.

FAQs

Can I get OD on a non-callable FD?

No. Only callable FDs are eligible for overdraft.

What is the maximum OD I can avail?

Up to 90% of the FD value, subject to eligibility and bank approval.

Are there any charges involved?

No processing fees are charged. Interest is applicable on the used amount.

How long does it take to process?

For existing corporate FD holders, the process is quick and seamless.

Disclaimer

PROCEED