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what is bank occ
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Answer / amit kumar tiwari
OCC A/C-Open cash credit (OCC) Account is a kind of bank
account which basically serves to small & medium
enterprises (SME). An OCC account holder can have cash
credit facility against his stocks & receivables. Different
banks and financial institutions have different criterion
to assess the limit of an OCC account. In a majority of
cases, the OCC limit is calculated depending upon turnover
of the SME.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / nilesh
OCC means over Cash credit facilities which is given by bank
to Business to run business smoothly. The bank this
facilities is given when calculated considered the sundry
debtors and stock. the specific rate charged by bank on this
facilities.
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