Accountancy, asked by garg91321, 1 year ago

Explain the overdraft facility given by banks.

Answers

Answered by ShreyasSagvekar
3

Overdraft facility given by bank means a temporary loan facility which we get so that if the balance in our account is insufficient then too upto certain limit our cheque won't be dishonored. The bank provides this service to their account holders to provide them convenient banking services.

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