BANK Occ Reg

Sir, What is difference between Bank balance and Available credit balance in Bank site...What is meant by SME In bank system...
Replies (1)
Available credit is related to the account balance of a credit card or other form of debt. Available credit refers to how much a borrower has left to spend; this amount can be calculated by subtracting the borrower's purchases (and the interest on those purchases) from the total credit limit on the account.

Whereas bank balance is the balance in your bank account

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