Easy Office
LCI Learning

Overdrawal possible in current account??

This query is : Resolved 

07 March 2016 Hello friends,
is it possible to withdraw a sum more than the balance remaining it, ie. can i withdraw 30000 if balance is only 25000. My presumption is such that Current Account can not go negative. Please give me an asnwer

07 March 2016 Dear
If you have taken a credit limit then you can withdraw amount more than the balance .
Otherwise you can not withdraw amount more than the balance.

07 March 2016 I am talking about normal Current Account




07 March 2016 Dear
No you can not withdraw the amount exceeding the balance in current account .



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries