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This query is : Resolved
26 March 2010
what is the diff between bank overdraft a/c and cash credit limit???????????
27 March 2010
Over draft is the temproary loan facility to a account holder can withdraw the amount excess of his available balance(Subject to limit) against some deposits and security with bankers.it is an temprory arrangement of loan
Cash Credit is the loan facility against the Stock/ DRS held in business and CC also having the limit of withdrawing power.it is an pure loan nature
Cash Credit is the loan facility against the Stock/ DRS held in business and CC also having the limit of withdrawing power.it is an pure loan nature
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