Overdraft Limit

Flexible funds for short-term needs

OD Limit is a pre-approved credit facility that allows you to withdraw money even when your balance is low or zero, up to an approved limit. It works like a flexible loan linked to your account and interest is charged only on the amount used.

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Interest only on used amount

Flexible repayment without EMI

Useful for emergencies and cash flow

Multiple OD types available

Flexible access to funds

Withdraw when needed, repay when comfortable, and manage short-term requirements with more control.

RevolvingWithdraw and reuse facility

Used AmountInterest not on full limit

FlexibleNo fixed EMI pressure

Annual ReviewUsually renewed yearly

How OD Limit works

An overdraft limit is a flexible credit line linked to your account. You withdraw as needed and interest is charged only on the used amount.

Bank sanctions a fixed limit based on profile and eligibility
Withdraw money anytime up to the approved limit
Repay anytime without fixed EMI pressure
Acts as a revolving facility for cash flow support

Use funds only when required OD helps manage temporary short-term funding needs without borrowing the full amount upfront.

Types of OD Limit

OD Against Property (LAP OD)
OD Against Fixed Deposit (FD)
OD Against Salary
Business OD / Working Capital OD
OD Against Insurance / Shares

Benefits & Important Points

Interest only on utilized amount with flexible repayment
Best for emergencies and business cash flow management
Limit depends on income, turnover, credit score, and relationship
Usually renewed annually and may carry higher rates than secured loans

OD Interest Calculator

Adjust limit, usage, rate, and days to estimate the interest on your overdraft usage.

OD Limit ₹ 5,00,000

Amount Used ₹ 1,00,000

Interest Rate (per annum) 12.0%

Days Used 30 days

Estimate

Estimated Interest

₹ 0

This OD estimate is calculated only on the used amount and may vary slightly depending on lender policy.