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Answer Posted / 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.
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