FOREX

  • US Dollar 1 Buying 110.10 Selling 110.70
  • Great Brt. Pound 1 Buying 142.57 Selling 144.36
  • Euro 1 Buying 127.59 Selling 129.18
  • Australian Dollar 1 Buying 80.637 Selling 81.645
  • Canadian Dollar 1 Buying 82.564 Selling 83.596
  • Japanese Yen 10 Buying 9.7399 Selling 9.8617
  • Singapore Dollar 1 Buying 79.771 Selling 80.768
  • Swiss Franc 1 Buying 109.07 Selling 110.43
  • Chinese Yuan * 1 Buying 15.917 Selling 16.116
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 29.660 Selling 30.031
  • Saudi Arabian Riyal 1 Buying 28.819 Selling 29.179
  • Thai Baht 1 Buying 3.2807 Selling 3.3217
  • Malaysian Ringgit 1 Buying 26.613 Selling 26.946
  • UnitedArabEmirates 1 Buying 29.411 Selling 29.778
  • South Korean Won 100 Buying 9.6865 Selling 9.8076
  • Danish Kroners 1 Buying 16.946 Selling 17.158
  • Hong Kong Dollars 1 Buying 13.851 Selling 14.024
  • Swedish Kroner 1 Buying 12.218 Selling 12.371
  • Kuwati Dinar 1 Buying 355.96 Selling 360.41
  • Bahrain Dinar 1 Buying 284.34 Selling 287.90

As per Jul 20, 2018 | View All »

Cash Credit

A Cash Credit is essentially a drawing account against credit granted by the Bank and is operated in the same way as in Overdraft Account. Under this Credit, Bank permits its customers to borrow money up to fixed (Approved) limit and allow borrowers to make as many as withdrawals and deposits till the validity of such credit within the approved limit.  Thus the principle advantages of cash credit account to a borrower are that, unlike the customer, borrowing on a fixed loan basis, they may operate the account within the stipulated limit as and when required and can save interest by reducing the debit balance whenever the borrower is in a position to do so.  Cash Credit is allowed against the security of tangible assets like hypothecation of stocks, plant and machinery and its insurance policy with Banker's clause, book debts/receivable and other current assets etc.