What is HFC Bank Ltd's policy on overdrafts?

HFC Bank Ltd has a clear policy regarding overdrafts that is designed to help customers manage their finances responsibly. Overdrafts can provide a safety net for unexpected expenses or temporary cash flow issues. However, HFC Bank emphasizes that customers should use overdrafts wisely, as they can incur interest and fees, which vary based on the specific terms of the account. Typically, customers must apply for an overdraft facility, and approval may depend on various factors, including the account holder's credit history and financial situation. Once an overdraft is in place, customers can often access funds up to a predetermined limit as agreed upon with the bank. It is important for account holders to monitor their balances and stay within the agreed limit to avoid additional charges. For the most accurate and detailed information regarding overdrafts, including any current rates and terms, it is advisable to visit HFC Bank's official website. There, customers can find pertinent resources and potentially contact information for further inquiries.