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what is the difference of bank liability and bank overdraft?

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  • what is the difference of bank liability and bank overdraft?


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Answer #1 | 20/12 2013 09:53
Bank liability include wtever dues from bank and OD is secured loan given against property mortgage
Answer #2 | 20/12 2013 10:30
Your question is not clear. If your doubt is from the angle of a customer Bank overdraft means an operative account permitted by the Bank to the customer, in which the customer can over draw upto a sanctioned limit. Other than overdraft, if the customer has availed any other loan like vehicle loan, housing loan, machinery loan etc that due is bank liability.

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