Accountancy, asked by as05060k, 10 months ago

what is bank overdraft​

Answers

Answered by nishantsaxena53
1

#BAL

An overdraft is an extension of credit from a lending institution that is granted when an account reaches zero. The overdraft allows the account holder to continue withdrawing money even when the account has no funds in it or has insufficient funds to cover the amount of the withdrawal.

Basically, an overdraft means that the bank allows customers to borrow a set amount of money. There is interest on the loan, and there is typically a fee per overdraft

Answered by fajluddeenkhan92
1

Answer:

bank overdraft me yah hota hai ki jab biyakt ke samne kuchh bhayank paristithiya aa jati hai tab vah rid lene (udhari ) ke bre me sochta hai tab vah apne kisi riste dar ya dosto se na lekar bank se biyaj par paise parapt karta hai usi ko kahte hai 'bank overdraft' .

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