banking

Overdraft

Overdraft - Definition When a bank allows its depositors or account holders to withdraw money in excess of the balance in his account up to a specified limit, it is known as overdraft facility. This limit is granted purely on the Basis of credit-worthiness of the borrower. Banks

What is Overdraft?

Overdraft - Definition When a bank allows its depositors or account holders to withdraw money in excess of the balance in his account up to a specified limit, it is known as overdraft facility. This limit is granted purely on the Basis of credit-worthiness of the borrower. Banks

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