Overdraft against Fixed Deposit
Imagine having the ability to access funds whenever you need them, while only paying interest on the amount you actually use. With USFB's Overdraft Against Fixed Deposits, you can enjoy this convenience and more.
An overdraft against a fixed deposit (FD) allows you to borrow funds up to a certain limit against the value of your FD. This provides you with liquidity without the need to break the FD prematurely. The best part? You only pay Interest on the amount withdrawn while the FD continues to earn interest.
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Cash withdrawal on Utkarsh Bank ATMs
Manage your urgent financial needs (household or business requirements) without liquidating your Fixed deposit.
Interest charged on the amount utilized and for the tenure of utilization.
No early withdrawal penalties.
In case of emergency, instead of breaking your Fixed Deposit, you can take a loan against it.
Gain access to liquid funds at competitive rates.
Below entities are eligible to avail OD against FD
Individual Resident of India
Sole Proprietor, Hindu Undivided Family (HUF), Partnership
Public and Private Limited Company
TASC, Society and other Banks
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Avail OD limit up to 90% of your Fixed Deposit*
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Interest rate 2% above the Term Deposit rate*
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Nil Processing Fee
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For complete details on Fees and Charges effective from 01st April 2025, please click here
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*T&C Apply. For more details, please contact nearest Utkarsh Small Finance Bank Branch
Apply to Overdraft against Fixed Deposit
Loan calculator
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Interest Rate 8.00% |
Interest Earned 3,50,452 |
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Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
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(Indicative interest rates for calculation only. click here for latest rates.) |
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