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ICICI Bank ICICI Bank

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BEST FOR

Accessing funds for business or personal needs

  • Flexible repayment options

  • Auto sweep in and sweet out facility available

  • Pay interest on the utilised amount only

  • Attractive interest rates

 

 

 

About the Product

What is Home Overdraft?

A flexible funding facility where you withdraw as needed from your approved limit. Pay interest only on the usage, not on the entire limit sanctioned.

Who Can Apply?

Salaried and self-employed individuals

How It Works

OD is linked to your savings account. You can use the funds anytime like a regular balance. Interest is charged daily only on the drawn amount.

Renewal & Repayment

Principle repayment will be made through monthly EMI deduction. The amount will be debited from the linked savings account

Top-Up & Transfers

Customer can opt for Balance Transfer of their Mortgage Loans to ICICI Bank and avail OD facility in the form a Top-Up

FAQs

Can I use OD funds for any purpose?

OD funds can't be used for speculative or restricted purposes.

Can I transfer my salary account to take this facility?

Yes, you can transfer your salary account to ICICI Bank to become eligible.

Will I get a separate cheque book?

No, a common cheque book and debit card will be issued for both accounts.

Can I use this with a loan from another bank?

Yes, you can transfer your home or LAP from another bank and avail Home Overdraft.

Disclaimer

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