what is the Difference between CC & OD accounts

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what is the Difference between CC & OD accounts..

Answer / anil dogr

CC IS THE SHORT FORM OF CASH CREDIT ACCOUNT AND OD IS THE
SHORT FORM OF OVERDRAFT ACCOUNT.CASH CREDIT ACCOUNT IS
GENERALLY OPENED BY THE BANK FOR EXTENDING AGREED LIMIT OF
CASH WITHDRAWL WHERE AS OD IS OPENED FOR CLIENT FOR OVER
WITHDRAWL OF THEIR BANK BALANCE AND FOR BOTH OF THESE
ACCOUNT SECURITY IN SOME FORM IS GIVEN BY CLIENT TO BANK.

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what is the Difference between CC & OD accounts..

Answer / san

CC amount is added while od amount is rollover

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what is the Difference between CC & OD accounts..

Answer / ca sonal

HELLO FRNDS ACTUALLY ANS IS CASH CREDIT A/C IS U PAY SOME
CHARGES AND ON BASIS OF SECURITY ALSO U KEEP SOMETHING N
ENJOY CREDIT FACILITY , NO NEED OF ACCOUNT HAVING BALANCE,
BUT IN O/D U HAVE A/C HAVING BALANCE BT U WITHDRAW MORE DAN
THAT.

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what is the Difference between CC & OD accounts..

Answer / ganesan

sorry i am not this case can you tell the clear answer

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