Bank O.D. facility & CC.limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2011
What is the difference between OD.facility and CC. limit taken from a bank?
Why do the Bankers insist to take an OD facility to traders?
What is the difference between OD.facility and CC. limit taken from a bank?
Why do the Bankers insist to take an OD facility to traders?
14 July 2011
CC is secured against hypothecation while OD is not, bank is more secure about recovery of CC
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