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  #1  
29th December 2015, 07:17 PM
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OD Against FD Yes Bank

I want the Overdraft Against Fixed Deposits of Yes Bank so can you please provide me?
  #2  
29th December 2015, 07:19 PM
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Join Date: May 2012
Re: OD Against FD Yes Bank

Yes Bank, is India's fifth largest private sector Bank. It was established in 2004. Yes Bank is the only Greenfield Bank licence awarded by the RBI in the last two decades.

Overdraft Against Fixed Deposits

Yes Bank Overdraft Against Fixed Deposits form




Memorandum relating to charge over Fixed Deposits

Overdraft limit-

(a) The Bank shall grant an Overdraft Facility by way of an overdraft limit (the “Overdraft Limit”) in the account (the “Account”) of the Borrower maintained/to be maintained with the Bank.

The Overdraft Limit in no event shall exceed ninety percent (90%) of the principal amount of the Fixed Deposits or such lower percentage (the “Drawing Power”) as may be decided by the Bank from time to time.


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