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Define bank Overdraft
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Answer / masif130289
when you withdrawl money from your account if balance is
zero. Some banks give facility of overdraft to their
valuable customers to withdrawl the money whether balance
is zero.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / dj
When withdrawals are more then the deposited amount in our
account,there arises the case of Bank-overdraft.Its shows
credit balances and is shown as minus balance.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / yashu kaushik
Overdraft means overdrawn from bank. Customer may avail
the facility of overdraft through his/her current a/c for
the business purpose. Different banks have set out some
minimum requirment to avail the facility, despite that bank
charges some amount in the form of intrest from the
customer.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ramesh.t
over draft means bank will provide excess amount out of
limits in account
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ravinder rana k.c.c. bank
overlimit amount is overdraft
| Is This Answer Correct ? | 1 Yes | 0 No |
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