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SBI's Overdraft Facility Against FD For Online Customers: Interest Rates, Eligibility Explained Here

NDTV Profit Desk
Currently, joint account holders cannot avail overdraft facility against FD.

Customers can now avail an overdraft against Fixed Deposit (FD) via State Bank of India (SBI) YONO app, informed country's largest lender on its official twitter handle- @TheOfficialSBI.  Under SBI's overdraft facility, customers holding fixed deposit (FD) in a single name can avail up to 90 per cent of the fixed deposit (FD) amount as an overdraft to meet emergency and other needs. The overdraft is created instantly online via SBI YONO without the need to visit the branch, said SBI on its portal.

 Key things to know about SBI's overdraft facility against fixed deposit (FD):
Fixed Deposit (FD)
joint account holders
linked fixed deposit for its online
SBI's overdraft facility
SBI
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