FOREX

  • US Dollar 1 Buying 113.65 Selling 114.25
  • Great Britain Pound 1 Buying 146.41 Selling 148.24
  • Euro 1 Buying 128.47 Selling 130.07
  • Australian Dollar 1 Buying 80.771 Selling 81.780
  • Canadian Dollar 1 Buying 84.819 Selling 85.880
  • Japanese Yen 10 Buying 10.297 Selling 10.425
  • Singapore Dollar 1 Buying 82.968 Selling 84.005
  • Swiss Franc 1 Buying 112.75 Selling 114.16
  • Chinese Yuan * 1 Buying 16.453 Selling 16.659
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 30.621 Selling 31.003
  • Saudi Arabian Riyal 1 Buying 29.745 Selling 30.117
  • Thai Baht 1 Buying 3.5717 Selling 3.6163
  • Malaysian Ringgit 1 Buying 27.020 Selling 27.358
  • UnitedArabEmirates 1 Buying 30.359 Selling 30.738
  • South Korean Won 100 Buying 10.074 Selling 10.200
  • Danish Kroners 1 Buying 17.040 Selling 17.253
  • Hong Kong Dollars 1 Buying 14.303 Selling 14.482
  • Swedish Kroner 1 Buying 12.464 Selling 12.620
  • Kuwati Dinar 1 Buying 367.18 Selling 371.77
  • Bahrain Dinar 1 Buying 294.43 Selling 298.11

As per Jan 23, 2019 | 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.