Bank od calculate
Kollipara Sundaraiah (B.com) (2963 Points)
03 December 2021
how the calculation procedure bank overdraft.
Kollipara Sundaraiah (B.com) (2963 Points)
03 December 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3587 Points)
Replied 03 December 2021
How is bank overdraft calculated?
The interest of overdraft is calculated on the basis of the amount you withdraw. For instance, if you hold Rs. 50,000 in your overdraft account and withdraw Rs. 10,000, then the interest will be calculated on the amount withdrawn.
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