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The nature of an existing account is very important as the overdraft facility is offered on a current account. An entity can operate the account and even draw more than what the balance is, up to the limit that is fixed for the overdraft. This makes the usage of the existing account possible.
Published on May 6, 2010 · Filed under: Business Loan FAQs; Tagged as: Business Loan FAQs, Cash Credit, Overdraft, Overdraft Facility
I have an existing account with a bank can this be used for overdraft facility
May 6th, 2010 by rupeetalk.com





