IDBI Overdraft Against FD - 2017-2018 StudyChaCha

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  #1  
Old November 13th, 2017, 03:33 PM
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Default IDBI Overdraft Against FD

I want to know the Overdraft against Freedom Deposit FD in IDBI bank so will you please tell me?
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Old November 13th, 2017, 05:01 PM
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Default Re: IDBI Overdraft Against FD

IDBI Bank’s ' Freedom Deposit' has always stood for safety, credibility, attractive rates of interest and assured liquidity.

What’s more, the interest rates on Freedom deposit are amongst the highest in the industry so you get the benefit of higher rate of return on your savings.

Overdraft against ‘Freedom Deposit’-

Tide over your urgent cash requirements without breaking your ‘Freedom Deposit’

This option allows you to continue earning the higher rate of interest on an ‘Freedom Deposit’ and at the same time, you meet your monetary requirements.

An overdraft of upto 90% of the Freedom Deposit /Multiple Freedom Deposit held with the bank, will be setup in the account.

The overdraft can be availed against a Freedom Deposit amount of Rs.10,000 or higher at competitive rates.

Moreover, the overdraft is first given on the Freedom Deposit earning least interest so that your interest payout is minimized.

Freedom Deposit Advantage-

These deposits have been further packed with the following advantages.

Anytime access to your fixed deposits

You can choose from tenure ranging from 15 days to 20 years for minimum deposits starting from Rs. 10,000

Attractive interest rate

Senior Citizens get an extra benefit on the interest rate (0.5% extra) on fixed deposit of 1 year and above

No penalty on premature withdrawal

Avail of overdrafts against your deposits at competitive rates.

Auto renewal facility

Various Deposit Options to suit your needs

Contact-

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

Customers can contact our 24 X 7 Phone Banking numbers
from any Landline / Mobile number, our Toll free numbers are as follows:
1800-200-1947
1800-22-1070
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