What is PDD and OTC

Question

What is PDD and OTC

Accepted Answer

PDD stands for Process Definition Document and OTC stands for Over-the-Counter.

PDD is a document that outlines the step-by-step process of a particular task or activity.
OTC refers to medications that can be purchased without a prescription.
PDD is commonly used in project management to ensure consistency and clarity in processes.
OTC medications include pain relievers like ibuprofen and cold medicines.
PDD helps in documenting and communicating the standard operating procedures.
OTC drugs are easily accessible to consumers for self-treatment of common ailments.

Accepted Answer

PDD in general implies Post Disbursal Documents , the Documents which the bank/nbfc get from customer after 1st Cheque handover but before 2nd Tranche.

OTC in general implies Over The Counter , the documents which customer must have to provide it to the bank/nbfc before Cheque handover / NEFT .

What is PDD and OTC

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