Question

Highlight the striking features of Overdraft facility​

Answer 1

Explanation:

You can overdraw funds through your account up till an agreed limit. By utilizing the overdraft facility you basically increase the outstanding on your bank account; when you deposit funds, the outstanding decreases. From the time you borrowed until you repaid, you will be charged interest by your bank.

Answer 2

Answer:

Advantages and Disadvantages of Bank Overdraft

1.1 Handles Timing Mismatch of Flow of Funds.

1.2 Helps in Keeping Good Track Record.

1.3 Timely Payments.

1.4 Less Paperwork.

1.5 Flexibility.

1.6 Benefit of Less Interest Cost.

I think this will be the ans , hope it helps

plz follow me