FOREX

  • US Dollar 1 Buying 114.70 Selling 115.30
  • Great Britain Pound 1 Buying 145.87 Selling 147.69
  • Euro 1 Buying 129.27 Selling 130.89
  • Australian Dollar 1 Buying 82.974 Selling 84.011
  • Canadian Dollar 1 Buying 86.690 Selling 87.774
  • Japanese Yen 10 Buying 10.054 Selling 10.180
  • Singapore Dollar 1 Buying 82.744 Selling 83.778
  • Swiss Franc 1 Buying 112.80 Selling 114.21
  • Chinese Yuan * 1 Buying 16.241 Selling 16.444
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 30.903 Selling 31.290
  • Saudi Arabian Riyal 1 Buying 30.008 Selling 30.383
  • Thai Baht 1 Buying 3.4684 Selling 3.5118
  • Malaysian Ringgit 1 Buying 26.899 Selling 27.235
  • UnitedArabEmirates 1 Buying 30.639 Selling 31.022
  • South Korean Won 100 Buying 10.155 Selling 10.282
  • Danish Kroners 1 Buying 17.157 Selling 17.372
  • Hong Kong Dollars 1 Buying 14.461 Selling 14.642
  • Swedish Kroner 1 Buying 12.522 Selling 12.679
  • Kuwati Dinar 1 Buying 369.15 Selling 373.76
  • Bahrain Dinar 1 Buying 297.11 Selling 300.82

As per Nov 16, 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.