What is Cash- Credit ( CC ) ? In India, banks offer cash - TopicsExpress

What is Cash- Credit ( CC ) ? In India, banks offer cash credit accounts to businesses to finance their working capital requirements . The cash credit account is similar to current accounts as it is a running account (i.e., payable on demand) with cheque book facility. But unlike ordinary current accounts, which are supposed to be overdrawn only occasionally, the cash credit account is supposed to be overdrawn almost continuously. The extent of overdrawing is limited to the cash credit limit that the bank sanctioned.

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