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Overdraft Limit

Overdraft is the facility provided by many banks allowing a customer to withdraw an amount larger than the available balance. If the amount withdrawn is within the authorized overdraft limit.

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Overdraft is the facility provided by many banks allowing a customer to withdraw an amount larger than the available balance. If the amount withdrawn is within the authorized overdraft limit and bank overdraft limit then interest is charged at an agreed rate. However, if the amount exceeds the overdraw limit, the interest can go a bit higher. We are providing invaluable consultancy services regarding overdraft to our esteemed clients.

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