Definition of Overdraft and Procedure to get an OD Facility


This query is : Resolved 

(Querist)
20 April 2011 hi,

Please let me know the definition of Bank Overdraft and what is the procedure to get an BankOD.

Surrender (Expert)
21 April 2011 Overdraft is a facility against a security like Bank Deposits / NSC / mortagage etc. pledged to the Bank


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