FOREX

  • US Dollar 1 Buying 109.4 Selling 110
  • Great Britain Pound 1 Buying 136.69 Selling 138.40
  • Euro 1 Buying 122.62 Selling 124.15
  • Australian Dollar 1 Buying 76.569 Selling 77.526
  • Canadian Dollar 1 Buying 83.517 Selling 84.561
  • Japanese Yen 10 Buying 10.060 Selling 10.186
  • Singapore Dollar 1 Buying 80.046 Selling 81.047
  • Swiss Franc 1 Buying 109.94 Selling 111.32
  • Chinese Yuan * 1 Buying 15.639 Selling 15.835
  • Indian Rupees 1 Buying 1.6 Selling 1.6015
  • Qatari Riyal 1 Buying 29.476 Selling 29.844
  • Saudi Arabian Riyal 1 Buying 28.632 Selling 28.990
  • Thai Baht 1 Buying 3.5325 Selling 3.5766
  • Malaysian Ringgit 1 Buying 26.184 Selling 26.512
  • UnitedArabEmirates 1 Buying 29.224 Selling 29.589
  • South Korean Won 100 Buying 9.2767 Selling 9.3926
  • Danish Kroners 1 Buying 16.265 Selling 16.469
  • Hong Kong Dollars 1 Buying 13.796 Selling 13.968
  • Swedish Kroner 1 Buying 11.554 Selling 11.698
  • Kuwati Dinar 1 Buying 352.56 Selling 356.96
  • Bahrain Dinar 1 Buying 283.43 Selling 286.97

As per Jul 15, 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.