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Difference between bank od and cash credit

This query is : Resolved 
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(Querist)
03 November 2016 Please give a clear explantion to indentify difference between Bank OD and CC account
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Sathish M

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Sathish M (Expert)
06 November 2016 “Cash Credit” is a type of facility provided by the bank or financial institution in which, a company can withdraw an amount more than what he holds to his credit against the security of stock.

“Overdraft” is another facility, in which the bank permits the customer to debit his current account below zero but only up to a specified limit.
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