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Question
What is he difference between OD account and CC account
 Question Submitted By :: Neeraj
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is he difference between OD account and CC account
Answer
# 1
OD - OVERDRAFT

CC - CASH CREDIT

BOTH ARE BANKING FACILITY, YOU CAN MAKE USE OF IT

OD - YOU CAN GET AGAINST YOUR DEPOSIT AND ASSETS.

CC - YOU CAN GET ONLY ON YOUR ASSETS

DEPENDS UPON YOUR REQUIREMENT AND YOUR HOLDINGS (SECURITIES)
YOU CAN GET IT FROM THE BANKERS.

ANOTHER ONE IS THERE CALLED TOD - TEMPORARY OVERDRAFT
YOU CAN GET THIS WITH MANAGERS POWER FOR A DAY OR TWO DAYS
 
Is This Answer Correct ?    15 Yes 1 No
Raja
 
  Re: What is he difference between OD account and CC account
Answer
# 2
OD - OVERDRAFT

CC - CASH CREDIT

OD - Get our Bank Deposit(FDR) and Current Assets(Closing 
stock and Sundry Debtors)

CC - Get only our Current Assets(Closing stock and Sundry 
Debtors)its based on our DP ( Drawin power )
 
Is This Answer Correct ?    10 Yes 1 No
Jagan
 
 
 

 
 
 
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