Secured Over Draft (SOD)

SOD (Secured Overdraft) is a continuous credit limit allowed favoring business entity, individual, against financial obligations (FDR, and different Scheme Deposits of our Bank).


  • This is a continuous loan.
  • Continuous drawing and adjustment is possible.
  • Any branch transaction is allowed.
  • Validity of the limit may be one year or less. . It may be renewed for further period at the request of the customer but at bank's own discretion.
  • Rate of interest: Usually based on the interest rate allowed to the underlying financial obligation.

Primary security: Lien on underlying financial obligations