Yes, you can get an overdraft facility against your FD, which you can avail of without breaking the FD. The overdraft facility is available against FD for the residual or remaining tenure of
the FD. You can withdraw funds using a chequebook or through the ATM. This feature can help you meet your need for funds, while you continue to earn interest on your FD. The overdraft
amount is usually a fixed percentage of your FD amount. In the case of Axis Bank, it is 85% of the FD amount, with a minimum of Rs 25,000. Since it is a secured loan, the interest rates
are competitive and the approval and sanction process is quick. The other advantage is that interest is charged only on the amount that is utilised and not on the entire loan amount.