Bank Overdraft

Bank Overdraft: offer an overdraft limit in Delhi depending on the customer's existing relationship with the bank. Bank also charges the interest and fees on exceeding.

A bank account overdraft happens when an individual’s bank account balance goes down to below zero, resulting in a negative balance. It usually happens when there are no more funds in the account in question, but an outstanding transaction is processed through the account, leading to the account holder incurring a debt.