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Distinguish between overdraft and cash credit. - Commercial Studies

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Question

Distinguish between overdraft and cash credit.

Distinguish Between

Solution

S. No. Basis of Distinction Overdraft Cash credit
1. Availability This is only available to individuals with a bank current account. Available to people without a current account.
2. Period For several days. For a long time, such as two months.
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Chapter 14: Banking - EXERCISES [Page 257]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 14 Banking
EXERCISES | Q 21. | Page 257
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