Question

the owner of Govinda Fertilizer in the an open-air current account in Punjab National Bank the customer can often withdraw money from the current account only up to the amount deposit in it one day he needed money more than the balance in the account he was worried about how to arrange money he needed this amount for about a day or so one of his friend told him that the customers having the current amount in the bank can get the permission to withdraw money from then the balance in the account after making an agreement with bank in identify the facility provide referred in the above case and also explain​

Answer 1

Explanation:

bank overdraft

under this agreement a customer having current account is allowed to withdraw more than tha balance in his account for the specific time period