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प्रश्न
State with Reasons whether the following statement is TRUE or FALSE.
Overdraft facility is given to saving account holders.
विकल्प
True
False
MCQ
सत्य या असत्य
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उत्तर
Overdraft facility is given to saving account holders- False
Explanation:
Overdraft facility is given to current account holders. The term “overdraft facility” means a temporary arrangement in which a customer is allowed to withdraw an amount of money greater than the balance in his/her account. The excess amount can be withdrawn upto a certain limit subject to payment of interest in return.
shaalaa.com
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