HIGHLIGHTS Some banks offer facility of overdraft against salary accounts They charge one-time fee or processing charges for offering this facility Banks extend credit based on account holder’s take home salary Do you need to break your bank fixed deposit when you need funds in an emergency or for the short term? For such situations, many banks offer an overdraft facility against assets like property, fixed deposits, mutual funds and insurance holdings. Some banks even offer the facility of overdraft against salary accounts. This facility allows account holders to withdraw…
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