Definition
An Overdraft Account Link allows a customer to connect their overdraft account with UPI or a debit card for digital transactions.
Meaning of Overdraft Account Link
In simple terms, it means linking your overdraft facility with your bank account so that UPI payments or card transactions can be made even if the balance is low. The overdraft amount acts like a backup fund.
Importance
This facility helps users avoid failed transactions due to insufficient balance and offers flexibility for urgent payments. It is widely used by individuals and small businesses for smooth cash flow management.
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