Cc and od
This query is : Resolved
15 February 2014
what is the difference between CC and OD
15 February 2014
CC is given against stock and receivables. the limit is subject to availability of stock and receivables on monthly basis. in absence of stock/receivable, the limit is set to ZERO.
whereas overdraft is a facility given by banks against collaterals such as FD, house etc and its limit doesnt change on month to month basis.
whereas overdraft is a facility given by banks against collaterals such as FD, house etc and its limit doesnt change on month to month basis.
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