Recently, I was going through what is super saver in HDFC Bank. It is also known as an Overdraft against Fixed Deposit. In HDFC Bank, this facility is a flexible fixed-deposit-linked feature that allows depositors to retain the benefits of a fixed deposit while accessing funds when needed. I have shared more details about super saver below.
What is an Overdraft against FD in HDFC Bank?
Essentially, this facility links your FD with your savings or current account and enables liquidity. Without breaking the deposit, funds can be withdrawn through overdraft or sweep-in mechanisms.
To be eligible, the FD must be individually held and meet a minimum amount of Rs 25,000 with a tenure of at least 6 months and 1 day.
Under the overdraft feature, the bank grants up to 90% of your FD amount instantly as an overdraft, accessible via a linked savings or current account.
Interest is charged only on the utilized overdraft portion, at a rate of 2% p.a. above the applicable FD rate. Meanwhile, your FD continues to earn its regular interest.
I hope you understand the super saver facility in HDFC Bank.
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What is Super Saver in HDFC Bank?
pragati
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4 months
2025-09-04T19:16:16+00:00 2025-09-04T19:16:18+00:00Comment
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