HDFC Bank Overdraft Facility from MSMEs and against Salary

HDFC recently introduced the ‘’Dukandar Overdraft Facility’’ for small businesses, shopkeepers, retailers, and Kirana stores to help them maintain good payment history along with managing debt or for debt consolidation purposes. Below stated are the key features of this facility:

To make your process easy and provide you hassle-free service while processing an overdraft in HDFC bank, it offers you an online method to avail an overdraft for yourself, also known as Smartdraft – Overdraft Against Salary. You need not have to visit bank branches and go through the tedious process. Just go through the online portal of HDFC bank and from there you can fill out an easy form and get an overdraft under your name.

It is as simple as creating an online account. If you have a corporate salary HDFC bank account, then you can apply online for an OD. The online process is also very easy to understand.

Also Know: How does overdraft facility work?

Like every other financial process, an overdraft facility in HDFC bank also includes some eligibility which you need to stand upon to become eligible for filing an overdraft facility. These include-

So, these are some of the few requirements you must have in order to apply for an OD with HDFC bank.

So, these are a few points you must keep in mind before taking a step toward availing HDFC OD. The interest rate isn’t very high and the services offered are also good.

There are some of the benefits of availing an OD in HDFC Bank. These are:

An overdraft is a very convenient and safe way to handle any emergency expenses as and when they appear. HDFC Bank offers an easy and reliable way to apply for an overdraft, and very comparable terms to go with it. If you have a need for an overdraft facility, HDFC Bank is a smart choice for you, and you are sure to have a great experience.

There is a simple and hassle-free process for getting an OD service in HDFC Bank. The online process for availing one has been mentioned below:

Also Know: How to avail overdraft facility in ICICI Bank?