Overdraft against FD - When the fixed deposit investment is utilized as security in a facility, and the money is subsequently given to the customer as an overdraft to the customer for further use it is termed as overdraft against FD or FDOD. Overdraft given is generally 90% of the FD value. Overdraft against FD is referred to following • FDOD • ODFD • Overdraft against 100% fund based margin Can a Current Account customer avail FDOD (also referred as ODFD) facility online? Yes, customers can avail a FDOD facility online only against their Self FD (FD in the account of the firm) What is the Loan to Value (LTV) offered against FD online? 90% of FD amount can be offered as OD limit. Which FDs will be eligible for FDOD? The eligible FDs are as stated below: 1. Self FDs i.e. FDs will be only those existing under the same customer id. 2. FD should be in auto renewal mode 3. FD should not be lien marked 4. Should not be Flexi Fixed deposit 5. FD should not be non-callable 6. FD should