Advertisements
Advertisements
Question
Overdraft facility is usually availed by ______.
Options
Savings deposit holders
Current account holders
Fixed deposit holders
Recurring deposit holders
MCQ
Fill in the Blanks
Advertisements
Solution
Overdraft facility is usually availed by Current account holders.
Explanation:
The overdraft facility is offered by the banks to its account holders (This means a current holder can withdraw more money than it has in the account). These deposits can be withdrawn by the depositor at any time by means of cheques.
shaalaa.com
Is there an error in this question or solution?
