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What is Bank Overdraft | Benefits of Overdraft | How to Avail Overdraft facility | OD vs Loan?
Bank Overdraft facility is a kind of facility in which bank allows a person to withdraw more amount than his balance. Key Features of Overdraft limits are as follows: Approved credit limit: Bank generally fixed certain limit of Overdraft facility Interest rate: Interest rates of secured overdraft limit is less as compared to unsecured overdraft ...
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