Cash credit Account (CC)
This 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 It runs like a current account except that the money that can be withdrawn from this account is not restricted to the amount deposited in the account.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)
The word overdraft means the act of overdrawing from a Bank account. In other words, the account holder withdraws more money from a Bank Account than has been deposited in it.
OD in banking typically stands for overdraft or overdrawn, meaning more cash was taken than was in the account.
OD stands for Over Draft or Over Drawn. Over Draft - is a facility wherein a bank will allow you to withdraw money from your bank account even if you don't have sufficient funds currently in your account. Over Drawn - An account is said to be over drawn if the customer has utilized his overdraft facility and withdrawn funds from his account.
Yes, if you still have OD limit and No, if you have exhausted your OD limit. Let us say your OD limit is $10,000 and you have used $7,000 and you have given a cheque for $2000, then your cheque would be cashed. If you have used $9,800 and given a cheque for $2000 your cheque would be rejected.
In the books of customer cash a/c Dr. To Bank (OD) A/c (Being cash withdrawl from bank overdraft account)
Of course But most banks will not chase you down if the amount is small If you didn not have enough to cover a charge you will be assessed the OD fee
These four acronyms all have unrelated meanings, so the differences are numerous. WCDL refers to a Pennsylvanian radio station, OD refers to an overdose of drugs, CC usually refers to a credit card and STL refers to the Special Tribunal for Lebanon.
TT is telegraph transfer and OD is on demand.
what is difference between NB & OD in pipe size
what is the difference between Interpersonal and Business Communication?
od account or the overdraft account is an account from which the depositor can draw more amount than that is available in the account.This is given on the basis of fd,assets etc.
OD in banking typically stands for overdraft or overdrawn, meaning more cash was taken than was in the account.
Try this site:* http://arthistory.about.com/od/movements/f/eramoveperiod.htm
The order of the letters. For a more definitive answer, you'd need to give us some kind of context.
NB = inside diameter of the tube. OD = outside diameter of the tube.
there the same
There is no corelation between a cylinders ID to OD.
The bill must go through an extra committee in the House, the Rules Committee.