Cash Credit Account is the primary method in which Banks lend money against the security of commodities and debt. It runs like a current account except that the money that can be withdrawn from this account is not restricted to the amount deposited in the account. Instead, the account holder is permitted to withdraw a certain sum called "limit" or "credit facility" in excess of the amount deposited in the account. Cash Credits are, in theory, payable on demand. These are, therefore, counter part of demand deposits of the Bank.

Overdraft (OD Limit) is also a different kind of bank account where the account holder withdraws more money from a Bank Account than has been deposited in it.

The difference in both of these CC and OD limit bank accounts is very subtle and relates to the operation of the account. In the case of Cash Credit, a proper limit is sanctioned which normally is a certain percentage of the value of the commodities/debts pledged by the account holder with the Bank. Overdraft, on the other hand, is allowed against a host of other securities including financial instruments like shares, units of mutual funds, surrender value of LIC policy and debentures etc. Some overdrafts are even granted against the perceived "worth" of an individual. Such overdrafts are called clean overdrafts. 

We arrange to obtain both CC and OD limits based on the criteria set down by the paying Banks and Financial Institutions. We deal with all major Banks and Financial Institutions which include Punjab National Bank, ICICI Bank, HDFC Bank, Axis Bank (formerly UTI Bank), HSBC, Citibank, ABN Amro, Kotak, IDBI and many others. 
All these Banks compete to give their Best Rates and you get the advantage of getting our services of managing and negotiating all for your benefits. We do it fast as well. We do it for you in just three steps:

  1. Analyze Your Loan Requirement by just discussing with you
  2. Get & Compare offers from all Banks and Financial Institutions by just getting best interest rates and negotiating the terms beneficial to you.
  3. Go with the Lowest Bidder.

 

 

 

 

   
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