Get Overdraft Against Fixed Deposit
Unlock funds from your FD without closing it & continue earning interest
Lower Interest, Greater Control
A smarter way to borrow with lower interest costs and greater flexibility
Things to know
Fees and Charges
Interest Rate: You’ll be charged 2% above the interest rate applicable on your AU Fixed Deposit.
Overutilization Charges: If you use more than your approved overdraft limit, an additional charge of ₹0.10 per ₹1,000 will apply on the excess amount
Processing Fees: Nil
Prepayment Charges: Nil
Eligibility Criteria
- Eligible entities are: Individual – full KYC, Sole Proprietors, Individual senior citizen – full KYC, Individual – NRI, HUF & Company
- Fixed Deposit principal amount should be more than ₹10,000
- The FD should not be already pledged or tied to any other loan
How to apply
Eligible customers can apply digitally through the AU 0101 App or AU 0101 Business App, or by visiting their nearest AU Small Finance Bank branch and submitting a simple application form. The bank will guide them through the process and help activate the overdraft facility against their Fixed Deposit.
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