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To manage day to day operational expenses and to align any temporary liquidity mismatch, Corporates can avail themselves of the Cash Credit or Overdraft facility from Axis Bank. Cash Credit is a facility through which the Bank lets the corporate over draw its account over and above the corporate's own funds up to the assessed drawing power.
Cash credit is a drawing power (DP) based facility available for up to 6 months with monthly interest payments
The drawing power is calculated basis the stock availability, debtors, and creditors of the Corporate
Within the available drawing power, a corporate is free to draw down any number of times These types of facilities are a ready line of credit available “on tap” This facility works just like a current account where funds can be used either by issuing cheques or through online transfers like NEFT/RTGS, etc The interest rates on these facilities are linked to the bank's Marginal Cost of Lending Rate (MCLR)
Corporates pay interest only for the time and the amount the facility is availed for 
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