When an investor opts for an overdraft facility against their fixed deposit, the issuer enables them to withdraw funds up to a certain percentage of the FD amount. This usually ranges between 70% and 90% of the deposit. The exact percentage can vary based on the issuer’s policies.
Let's assume you have a fixed deposit of ₹5 Lakhs and the issuer allows an overdraft of up to 85% of the FD...
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek