Wouldn’t you like a facility that lets you have access to funds as and when you require them, even as you pay interest only on the amount you utilize? Enjoy this benefit through 24x7 Overdraft by Axis Bank. An overdraft is a quick and convenient option when you need funds urgently - be it for your business requirements or individual needs. Since it is an overdraft facility, interest is charged on the amount that is drawn or utilised, and not the entire limit available. For instance, if you have an overdraft limit of Rs. 50,000, but you withdraw or utilise only Rs. 25,000, the interest will be applicable on Rs. 25,000 and not on the entire limit of Rs. 50,000.

24x7 Overdraft Against Fixed Deposit

Use this facility to get funds online and instantly against your fixed deposit with Axis Bank, without breaking it before maturity. This ensures your savings are not liquidated while you get instant access to funds* as and when required. It is available for both business and salaried customers who have Fixed Deposits with Axis Bank.

To Apply –

Log in to Internet Banking > Apply Now > Loans > Loan against Fixed Deposit

Log in to Mobile > Loans > Loan against Fixed Deposit

24x7 Quick Overdraft

24x7 Quick Overdraft is a paperless option for an instantly accessible credit facility, to help you with your day-to-day business needs. It can be accessed through Axis Mobile and Internet Banking. Further, this facility grants you customised offers and provides you the option of instantly utilising your funds post creation of the overdraft. You also have the choice of keeping the funds in readiness for any future need that could come up. 24x7 Quick Overdraft is for self-employed individuals/business owners.

To Apply –

Log in to Internet Banking > Apply Now > Loans > Quick OD

Log in to Mobile > Loans > Quick OD

Features and Benefits

Instant access to funds

Apply online and get access to funds in just few seconds

Overdraft of up to 85% of the fixed deposit amount

If you have a fixed deposit of Rs 1 lakh, under the overdraft facility you are eligible to borrow up to Rs 85,000

Pay interest on the amount utilised

If you are eligible to access funds of up to Rs 85,000 but you withdraw only Rs 50,000 then you will be charged interest only for Rs 50,000


24x7 Overdraft Against Fixed Deposit is an instant overdraft facility which you can avail of against your Axis Bank Fixed Deposits. With this facility you can now meet your immediate fund requirements without liquidating your existing Fixed Deposits.

Terms and Conditions:

Click here for terms and conditions