HDFC Smart Draft
martDraft is an unsecured overdraft facility offered to HDFC Bank's corporate salary account holders. The facility operates in the form of additional funds in the account, for use during short-term exigencies.
Corporate salary account holders at the bank can avail of Overdraft facility of up to 3 times* the salary.
Features & Benefits
- Overdraft limit up to 3 times the salary*
- Minimum documentation.
- No pre-closure charges
- Easy-to-use and easy-to-pay facility
- Freedom to use limit through Cheque book, ATM, online transfer, etc.
- Interest payable on the amount utilised.
- Credits in the account set-off utilisation and help save interest
- Easy documentation.
- Limit will be set on the existing account
- Non EMI based facility.
* Terms & Conditions Apply, credit at the sole discretion of HDFC Bank
* SmartDraft Facility is available only for Select HDFC Bank Corporate Salary Account Customers.