Advertisements
Advertisements
प्रश्न
What is a bank overdraft?
थोडक्यात उत्तर
Advertisements
उत्तर
Bank overdraft is a liability to an account holder.
When the account holder withdraws excess amount over his/her available bank balance, he/she runs a negative bank balance.
The negative bank balance is an obligation to the account holder and is called bank overdraft.
In other words, bank overdraft is the excess of withdrawal over deposits.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
