• A cash credit is a drawing account against credit limit granted by the Bank and is operated in almost the same manner as a Overdraft account.
  • The distinction between an Overdraft and a Cash Credit is in the nature of the security.
  • When the advance is secured by the pledge/hypothecation of goods or produce, it is treated as a Cash Credit Account.
  • The security may be changed from time to time according to the borrower’s business requirement provided it always fully covers the balance outstanding the account (with the stipulated margin).

Click here to view features of Business Account with Cash Credit facilities

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