Explain the following concept: Overdraft

Explain the following concept:

Overdraft

Monjur Alahi

6 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

It is a facility where the bank allows its customers to overdraw an amount up to a particular limit. Such facility is allowed against collateral securities like shares, FDR, LIC Policy, etc.

6 views Answered 2023-02-05 15:29

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