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2024

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Home » Corporate Banking » Cash Credits » Mortgage (Hypothecation of Stock)

Mortgage (Hypothecation of Stock)

Cash Credit Facilities

A cash credit is a drawing account against credit limit granted by the Bank and is operated in almost the same manner as a Overdraft account.

The distinction between an Overdraft and a Cash Credit is in the nature of the security.

When the advance is secured by the pledge/hypothecation of goods or produce, it is treated as a Cash Credit Account.

The security may be changed from time to time according to the borrowerâ€™s business requirement provided it always fully covers the balance outstanding the account (with the stipulated margin).

You may contact our nearest branch for more details.