I had an overdraft account, which I had recently closed. So, if you are trying to repay SBI overdraft against FD, then you can check the various methods that I have mentioned below.
You can use the YONO app to repay the overdraft amount.
You can also issue a cheque for the overdraft amount.
Set up the ECS facility so that the amount gets deducted from your account each month.
Transfer the outstanding amount from your savings account to the overdraft account.
And that’s about it. I hope this helps.
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Hi there. You can learn how to repay overdraft against FD SBI YONO through the YONO app. You need to visit the YONO Pay section and make the repayment. I have stated the complete process in my answer, as I went through the same task a couple of days back. So, here is all the information you need to know.
How to Repay OD Against FD SBI?
I am sharing the complete stepwise process to repay your overdraft against the fixed deposit in SBIthrough the SBI YONO app below.
Open the SBI YONO app and log into the app by submitting your 6-digit MPIN.
Then, visit the ‘Loan’ section and check for the overdraft amount and the transaction history. This will help you know the exact amount.
Then, come back and visit the ‘YONO Pay’ section. Choose the beneficiary bank account of your FD.
Write the amount to be paid and select loan repayment in the purpose section.
Click ‘Next’ and then click the ‘Confirm’ button on the next screen.
You will receive a notification of successful payment on the app.
So, this is how you can repay the overdraft amount against your FD. I hope this information helps you. If you have more doubts, I can help you out. Just drop your query in the comments.
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How to Close the Overdraft against the Fixed Deposit?
Since everything can be done digitally, I thought one can close their Overdraft against FD in SBI using YONO app only but no. There is currently no such provision. One needs to visit the Home Branch only before maturity or end of term of TDR(Term Deposit)/ STDR(Special Term Deposit) /eTDR /eSTDR.How to Repay the Overdraft Against FD?
Now to answer how to repay Overdraft against FD SBI let me tell you that SBI customers can repay it via three ways:- Set up the ECS facility and let the OD amount get deducted from your account monthly.
- Issue a cheque for the Overdraft to your bank’s branch
- You can also use the YONO app and repay the amount online
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Authors Of The Question
How To Repay Overdraft Against FD SBI?
Nupur Gupta
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2 Year
2022-09-12T09:01:31+00:00 2023-11-23T21:31:13+00:00Comment
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