SBI NRI Services - Online OD Against Deposit

Create an Overdraft (OD) account against your existing NRE / NRO deposit through internet banking. Features of this facility are mentioned below :

A) Eligibility :

Available to customers having NRE / NRO Fixed Deposits (TDR / STDR / eTDR / eSTDR) in single name (holder) only and with a minimum residual period of 6 months. Deposit with joint holders are not eligible under the scheme. TDR/STDR not opened through internet banking facility have to be mapped to internet banking for availing this facility.

b) Permissible Limit :

The limit of overdraft against deposits will be as per following table. Overdraft limit cannot be changed by the customer.



75% of the face value of deposit


90% of the face value of deposit

C) Loan Amount : As per following:
  • a. Minimum: Rs. 25,000/-
  • b. Maximum: Rs. 5.00 crores

d) Rate of Interest

1.00% above the interest payable on the Fixed Deposit

e) Cut-off time

The online opening of Overdraft facility will be available between 08:00 to 20:00 hrs IST.

f) Disbursement

Overdraft account will be opened in the internet banking itself and withdrawal/transfer of fund from this account can be made either through internet banking facility or Cheques. Please note that, request for Cheque book has to be placed separately by you through internet banking facility.

g) Tenure: As per following:


3 years or remaining maturity period of Fixed Deposit, whichever is lower. The monthly/quarterly/half yearly interest payable on TDR/eTDR will continue to be credited to the account as originally opted by you.


5 years or remaining maturity period of Fixed Deposit, whichever is lower.

h) Rollover / renewal of the TDR/STDR/eTDR/eSTDR

Mandate for rollover / renewal of the TDR/STDR/eTDR/eSTDR given at the time of opening of underlying deposit account will be treated as cancelled if the Overdraft account is not closed on or before the loan tenure.

i) Closure of Overdraft account

The closure of Overdraft account before or on maturity or end of term of TDR/STDR/eTDR/ eSTDR will be done through Home Branch only. Please note that, presently there is no provision in internet banking for closure of such Overdraft account.

j) Procedure to create Overdraft account : Following steps have to be executed:
  • Please login to your INB account
  • Please click on ‘e-Fixed Deposit’ tab
  • Please click on ‘Overdraft against Fixed Deposit’ from the column on left hand side
  • Please select a deposit and proceed accordingly