| Facility Name | PNB Online Overdraft Facility |
| Facility Type | Online Overdraft (e-OD) against Fixed Deposit (FD) |
| Purpose | To provide customers with convenient access to funds against their existing PNB Fixed Deposit |
| Eligible Customers | Customers using PNB Retail Internet Banking / PNB ONE |
| Minimum Advance | ₹25,000 |
| Maximum Advance | ₹50 lakh |
| Eligible FD | Fixed Deposit held in the same name as the borrower |
| FD Residual Period | FD should have a residual period of up to 3 years |
| FD Not Eligible | Tax Saver FD and Capital Gains FD are not eligible |
| Maximum Loan Period | Up to 3 years or the residual period of the FD, whichever is less |
| Margin – General Public | 5% where remaining FD maturity is up to 2 years |
| Margin – General Public | 7.5% where remaining FD maturity is above 2 years and up to 3 years |
| Margin – Staff & Ex-Staff | 5% for advance up to ₹10 lakh |
| Margin – Staff & Ex-Staff Above ₹10 Lakh | Margin applicable to the general public |
| Interest Rate – General Public | 1% above the interest rate applicable to the FD |
| Interest Rate – Staff & Ex-Staff | Up to ₹10 lakh: At par with FD interest rate |
| Interest Rate – Staff & Ex-Staff Above ₹10 Lakh | 1% above the applicable FD interest rate |
| FD Combination | One OD against one FD |
| Multiple FD Combination | Multiple FDs cannot be combined for obtaining one overdraft limit |
| Documentation | No stamped Overdraft Agreement or similar document is required |
| Application Mode | Online / Digital |
| Auto-Credit of FD Interest | Periodical interest earned on the special FD account can be automatically credited to the loan account |
| OD Limit | System automatically fixes the e-OD limit after maintaining the prescribed margin |
| Cheque Book | Cheque book facility is available in the e-OD account against FD |
| FD Auto-Renewal | Mandate for auto-renewal of the FD is cancelled in the system before allowing e-OD |
| Partial FD Withdrawal | Not permitted from the FD against which e-OD has been availed |
| Closure of e-OD | e-OD account cannot normally be closed before FD maturity, even if the OD balance becomes zero or is in credit |
| Exception for Early Closure | Early closure may be permitted in cases of margin erosion beyond the specified level |
| Settlement at FD Maturity | e-OD is liquidated on maturity of the FD |
| Surplus Amount | Any surplus after liquidation is credited to the linked account from which the FD was created |
| Key Benefit | Access funds without prematurely breaking the FD, while continuing to keep the FD as security |
| Important Note | The above details are based on PNB’s current Online Overdraft Facility page. |
