Question

what are bank overdraft and voucher​

Answer 1

Answer:

Overdraft/Cash Credit is a kind of Negative Bank Account. Suppose Bank sanction such limit for OD/CC of 50 lacs,it means a person can have negative balance of maximum 50 lacs in bank account. Interest is charged only on amount withdrawn and not whole 50 lacs.

Answer 2

Answer:

bank overdraft. when you withdraw some excess money from the bank this is called over draft.

voucher. it's a type of card by which you can get discount on any item wich you have been purchased.