FOREX

  • US Dollar 1 Buying 109.30 Selling 109.90
  • Great Britain Pound 1 Buying 144.34 Selling 146.14
  • Euro 1 Buying 123.36 Selling 124.90
  • Australian Dollar 1 Buying 77.329 Selling 78.296
  • Canadian Dollar 1 Buying 81.555 Selling 82.574
  • Japanese Yen 10 Buying 9.7659 Selling 9.8880
  • Singapore Dollar 1 Buying 80.332 Selling 81.336
  • Swiss Franc 1 Buying 108.15 Selling 109.50
  • Chinese Yuan * 1 Buying 15.989 Selling 16.189
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 29.445 Selling 29.813
  • Saudi Arabian Riyal 1 Buying 28.609 Selling 28.967
  • Thai Baht 1 Buying 3.4458 Selling 3.4888
  • Malaysian Ringgit 1 Buying 26.356 Selling 26.685
  • UnitedArabEmirates 1 Buying 29.197 Selling 29.562
  • South Korean Won 100 Buying 9.6666 Selling 9.7874
  • Danish Kroners 1 Buying 16.369 Selling 16.574
  • Hong Kong Dollars 1 Buying 13.748 Selling 13.919
  • Swedish Kroner 1 Buying 11.716 Selling 11.862
  • Kuwati Dinar 1 Buying 352.99 Selling 357.40
  • Bahrain Dinar 1 Buying 283.19 Selling 286.72

As per Mar 19, 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.