OD/CC Limit
OD/CC Limit
Manage your business cash flow with flexible Overdraft (OD) and Cash Credit (CC) limits tailored to your financial needs.
OD and CC facilities allow you to withdraw funds as needed, with interest charged only on the used amount.
Ideal for businesses, traders, and professionals seeking liquidity for day-to-day operations and working capital requirements.
Frequently Asked Questions
What is an OD/CC facility?
OD (Overdraft) and CC (Cash Credit) allow you to borrow up to a limit against security or financials.
Who can apply for OD/CC limits?
Businesses, self-employed individuals, and firms with a healthy financial background and banking history can apply.
What is the interest rate on OD/CC?
Interest is charged only on the amount utilized and varies based on the borrower's profile and collateral.
Is collateral mandatory?
Collateral is usually required, but unsecured limits may be available based on creditworthiness and past records.
How is the limit decided?
The limit is decided based on business turnover, cash flow, credit score, and nature of the security provided.