Jagran Josh Logo
  1. Home
  2. |  
  3. Bank Recruitment|  

Banking Term: Overdraft

May 22, 2015 16:50 IST

    Overdraft means the situation in which individual is allowed to withdraw money continually even if the account has no funds in it. Basically the bank allows people to borrow a set amount of money.

    There is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate

    Latest Videos

    Register to get FREE updates

      All Fields Mandatory
    • (Ex:9123456789)
    • Please Select Your Interest
    • Please specify

    • By clicking on Submit button, you agree to our terms of use
      ajax-loader
    • A verifcation code has been sent to
      your mobile number

      Please enter the verification code below

    Newsletter Signup
    Follow us on
    X

    Register to view Complete PDF