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HDFC Overdraft Against Salary is a financial facility that allows salaried individuals to access extra funds beyond their account balance. Offered to select HDFC Bank salary account holders, this overdraft provides a pre-approved credit limit based on salary and repayment capacity. It acts as a short-term loan, ensuring financial flexibility for emergencies or urgent expenses. Interest is charged only on the utilized amount, making it cost-effective. The repayment is auto-deducted from the salary account, ensuring ease of management.
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