Question

overdraft facility is given to
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Answer 1

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Synopsis. The sanctioned overdraft limit and the interest charged will vary based on the nature of the asset offered as collateral. 1. An overdraft facility is a credit agreement made with a bank that allows an account holder to use or withdraw more money than what they have in their account up to the approved limit.

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Answer 2

Answer:

this feature is provided by almost every financial institution , Bank ,etc