BusinessNeed Extra Money? How Salary Overdraft Could Help You
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Need Extra Money? How Salary Overdraft Could Help You
Some banks offer facility of overdraft against salary accounts
They charge one-time fee or processing charges for offering this facility
Banks extend credit based on account holder's take home salary
Some banks offer the facility of overdraft against salary accounts.
Do you need to break your bank fixed deposit when you need funds in an emergency or for the short term? For such situations, many banks offer an overdraft facility against assets like property, fixed deposits, mutual funds and insurance holdings.
Some banks even offer the facility of overdraft against salary accounts. This facility allows account holders to withdraw funds more than what is maintained in their accounts.
To have a...