Cash credit account

Sir I’m not able to differentiate between open cash credit and key cash credit. Are they related in some sense?

Key Cash Credit is the facility in which the borrower keeps the goods in possession of the lender. The key to the room with the products is handed over to the borrower, hence the name. Open Cash Credit facility doesn't require the borrower to hand over any product to the lender.

Answer given by Shubhamm Sir at 22-May-2023 06:25 PM