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Difference between cc & od..............

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(Querist)
18 January 2012 can u plz tell me what is basic difference between CASH CREDIT & OVERDRAFT LIMIT ???????
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
18 January 2012 Cc is a permanent limit given by the bank and over draft is given for a particular period like 10 days 15 days or so and it is done in current a/c.

more info:

http://www.letslearnfinance.com/cash-credit-and-overdraft.html

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