State Bank of India

Overdraft against Fixed Deposit

Terms & Conditions governing Overdraft Against Fixed Deposit

Name - Mr. HEMANT KUMAR

CIF No. - 85919990559
Date and time of request: 08/06/2024 | 07:42:08 AM
Overdraft Limit: Rs. 7,500
Rate of Interest – 7.8%

The OD facility is available to individuals having TDR / STDR/ eTDR/ eSTDR Account in his/her sole name and
also have an operative Savings/Current account.

The Loan limit will be 90 % of the Face value of your selected STDR/ eSTDR Account. The Loan limit will be 75
% of the Face value of your selected TDR/ eTDR Account.

The minimum amount of OD against FD is Rs 5000/- and maximum Limit of OD against FD would be Rs 5.00 crs.

The period of loan will be fixed as unexpired period of the relative Domestic STDR/eSTDR account accepted as
security or 5 years which is less.

The period of loan will be fixed as unexpired period of the relative Domestic TDR/eTDR account accepted as
security or 3 years which is less.

The OD account has to be closed on or before the end of the OD Tenor failing which the Bank will close the loan
account by premature payment of the TDR/STDR/eTDR/eSTDR held as security.

It is to be noted that the facility of premature withdrawal of NRE/FCNR (B) deposits shall not be available to the
depositor/borrower when he/she avails loans against such deposits.

Your mandate for rollover of the TDR/STDR/eTDR/eSTDR given at the time of opening the deposit account will
be treated as cancelled if the OD account is not closed on or before the loan Tenure.

In case OD is availed against TDR/e-TDR, the monthly/quarterly/half yearly/ yearly interest payout to your
Deposit a/c will be diverted to the newly opened OD account. In case the interest payout is mandated for any
existing loan account, the OD facility would not be available unless this is changed by the Home Branch to the
Deposit account.

Withdrawal/transfer of fund from this account can be made either through Cheque Book (A request for same is
required to be made by you through the YONO/INB/Branch) or through YONO using transaction rights.

Credit / Deposit in the OD a/c can be done by cash deposit from any Branch or Transfer from any deposit
Branch.

The closure of OD account on maturity or at the end of term of TDR/STDR/e-TDR/e-STDR will be done by the
Home Branch. To close the OD account please contact your home branch.

Closure of OD account before maturity: Closure of account will be done on your request by the Home Branch.

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Online overdraft against Fixed Deposit can be created online from 8:00 AM IST to 8:00 PM IST. Requests
initiated beyond this period will be scheduled for the next opening hours.

The loan is also subject to other terms and conditions as may be prescribed by the Bank from time to time.

In case of any default, the Bank reserves the right to use the services of resolution agents/collection agents for
recovery of loans and their service charges, if any, will be borne by the customer. The list of recovery
/resolution agents is available on the Bank’s website.

Key Fact Statement

Date : 08 Jun 2024 Name of the regulated entity: SBI Applicant Name: Mr. HEMANT

Branch Name: ROHTA ROAD Branch Code: 16609

Sr. No. Parameter Details

(i) Loan amount (amount disbursed/ to be disbursed to the 7,500

borrower) (in Rupees)
(ii) Interest Type (Floating or Fixed) / Effective interest rate Fixed @7.8% p.a.
(iii) Total interest charge during the entire tenor of the loan (in It is an overdraft account;
Rupees) interest would be charged
based on the utilisation of
limit.
(iv) Other up-front charges, if any (break-up of each component 0
to be given below) (in Rupees) (Sum of a+b+c)
Processing fees, if any (in Rupees) 0
a.
Insurance charges, if any (in Rupees) 0
b.
Others (if any) (in Rupees) (details to be provided) 0
c.
(v) Net disbursed amount ((i)-(iv)) (in Rupees) 7,500
(vi) Total amount to be paid by the borrower (sum of (i), (iii) and Loan amount plus interest
(iv)) (in Rupees) applied from time to time.
(vii) Annual Percentage Rate (APR) - Effective annualized interest Fixed @7.8% p.a.
rate (in percentage) (computed on net disbursed amount
using IRR approach and reducing balance method)

(viii) Loan Expiry date 06 JUL 2024

(ix) Repayment frequency by the borrower Principal plus interest to be
paid on expiry of the loan
limit.
(x) Number of instalments of repayment N.A.

(xi) Amount of each instalment of repayment (in Rupees) N.A.

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 Details about Contingent Charges
(xii) Rate of annualized penal charges in case of delayed payments N.A.
(if any)
(xiii) Rate of annualized other penal charges (if any); (details to be N.A.
provided)
Other disclosures
(xiv) Cooling off/look-up period during which borrower shall not Loan can be closed any time,
be charged any penalty on prepayment of loan no penalty charges on
prepayment of loan.

(xv) Details of LSP acting as recovery agent and authorized to In case of any default, the Bank
approach the borrower reserves the right to use the
services of resolution agents /
collection agents for recovery
of loans and their service
charges, if any, will be borne
by the customer.

(xvi) Name, designation, address and phone number of nodal Published on Bank website at
grievance redressal officer designated specifically to deal with https://bank.sbi/web/customer-
FinTech/ digital lending related complaints/ issues care/addresses-and-helpline-nos-
of-grievances-redressal-cell

(xvii) Date of interest reset No Reset

(xviii) Mode of communication of changes in interest changes in As published on the Bank’s
interest rates/MCLR/APR website
(xix) Conversion charges for switching from floating to fixed Not Applicable
interest and vice-versa
(xx) Details of security/collateral obtained Lien over Fixed Deposit
Account No: 42053994826
against which Overdraft is
opted

The above digital loan is Applied, Accepted, Signed and Delivered by the borrower by authenticating
the Terms and Conditions by ticking the “I agree to the terms and conditions” checkbox and by entering
the OTP sent on borrower’s mobile number/e-mail registered with SBI and that there is no requirement
of any physical signature on any loan document.

Note: This is a system generated, digitally signed document.

Digitally signed by SBI_RLMS

Date: 2024.06.08 07:42:10 GMT+05:30
Reason: Digital Document Execution
Location: Maharashtra
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