Break FD or take loan against FD, what to choose? Do you also get confused? Let us detailed you..

Fixed Deposit in Sbi

How much loss is incurred if FD is broken midway?

How and how much interest can be earned on FD?

Break FD or take loan against FD in SBI?

How to get loan on Fixed Deposit (FD) in SBI?

  • Login to SBI Net Banking
  • Select e-FD option from the menu section?
  • Select the option “Overdraft against FD”
  • Select any one of the active FDs from the list and request to apply for overdraft
  • Select “Proceed” and verify the overdraft amount, applicable overdraft interest rate and expiry date.
  • Enter your registered mobile number and password.
  • With this the process of applying for loan against FD is completed.

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