How can the Overdraft Facility in SBI be Availed?
Need for extra funds can crop at any point of time. Going with regular loans for meeting short term expenses is an expensive option. What other options are we left with? There is one where you pay low interest rates and meet your short-term financial needs with ease. The Overdraft Facility in SBI let’s you do that. This is an overdraft facility provided by the State Bank Of India. Under this facility, you can withdraw or use more money than you have on your account up to a certain permissible limit. So, whether you want more funds to make your travel experience better or need some urgent funds for some unforeseen wedding expenses, the Overdraft facility in SBI has your back. The interest rate you pay is fairly cheaper than regular loans. What are the Features of SBI Overdraft Facility Against Term Deposits? The Overdraft Loan provided by SBI is secured in nature. This means that in order to avail the overdraft facility the individual needs to submit a collateral. The secu...