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| Definition | : | Temporary OverDraft |
| Category | : | Business » Banking |
| Country/ Region |
: | India
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| Popularity | : |
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Temporary Overdraft (TOD) is an arrangement or a facility that allows bank customers to avail a short-term credit.
While a regular OverDraft (OD) is extended for a longer period of time, a temporary overdraft is usually extended from anywhere between 30 to 90 days as per the requirement of the account holder.
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The full form of TOD is Temporary OverDraft