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प्रश्न
A depositor is allowed to withdraw more money than what is there in his account:
- What is the facility called?
- In which type of account is it permitted?
उत्तर
- This facility is known as Overdraft facility.
- This facility is typically available to depositors who have a current account.
संबंधित प्रश्न
Discuss any five advantages of having a bank account.
State one point of difference between Cash Credit and Overdraft.
With reference to the secondary functions of a Commercial Bank, explain the general utility function.
Commercial banks accept deposits, lend money and provide other services.
Differentiate between Savings Deposit and Current Deposit.
Compare the rate of interest given to such an account to that of a Current Account and a Fixed Deposit.
How do commercial banks invest their surplus funds?
What is meant by demand deposits?
Which of the following is a function of a commercial bank? Give a reason to support your answer:
Explain three important functions of a commercial bank.
