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What is bankover draft?

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What is bankover draft?

Posted by Shagufta Taiyabba 6 years ago

CBSE > Class 11 > Accountancy

2 answers

Mukul Mittal 6 years ago

It is a facility provide by bank to account holder (current account only )in bank to withdraw money more than their account money . After a fixed time the interst starts to be added in it.

Zoya Ali 6 years ago

Meaning of bank overdraft is to earn money from bank more than our account balance

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