Question

Bank provides an overdraft facility to ______ account holders.

विकल्प

• Current

• Saving

• Fixed Deposit

Answer 1

Bank provides an overdraft facility to current account holders.

Explanation:

Banks mostly offer the overdraft capability to current account holders. This feature enables the account holder to withdraw more money than is available in their account, subject to a specific restriction. It is especially useful for firms to manage their short-term cash flow.