Overview

Overdraft is a facility given by the bank to companies, to withdraw money “more” than the balance available in their respective accounts.

To make operations its strength, a company should finance the working capital in the best way possible. Cash Credit (CC) and Overdraft (OD) are types of short-term debt a company can rely on to take the burden off their finance department. They give a chance to companies to meet unexpected expenses and have enough liquidity.