Answer / masif130289

when you withdrawl money from your account if balance is
zero. Some banks give facility of overdraft to their
valuable customers to withdrawl the money whether balance
is zero.

Answer / dj

When withdrawals are more then the deposited amount in our
account,there arises the case of Bank-overdraft.Its shows
credit balances and is shown as minus balance.

Answer / yashu kaushik

Overdraft means overdrawn from bank. Customer may avail
the facility of overdraft through his/her current a/c for
the business purpose. Different banks have set out some
minimum requirment to avail the facility, despite that bank
charges some amount in the form of intrest from the
customer.

Answer / ramesh.t

over draft means bank will provide excess amount out of
limits in account

Answer / ravinder rana k.c.c. bank

overlimit amount is overdraft

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