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HDFC Overdraft (OD) Against Salary is a facility that allows salaried individuals to access extra funds beyond their account balance. It provides a pre-approved credit limit based on salary and employer profile, ensuring financial flexibility for emergencies or urgent expenses. Interest is charged only on the utilized amount, making it a cost-effective credit option. With minimal documentation and easy repayment through EMIs, it offers a convenient short-term financial solution.
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