Availing an overdraft facility is increasingly getting common among people. A lot of applications go for overdraft as the increasing inflation often makes the savings account balance insufficient to carry out a normal routine. Yes, an overdraft is nothing but a credit offered to individuals allowing them to withdraw money beyond the savings account balance. And so, its importance can’t be undermined by any stretch of the imagination. However, one must compare the overdraft interest rate of different banks before choosing one out of them. The interest rate of several banks is pointed out in the article to help you compare and choose the best.
