FOREX

  • US Dollar 1 Buying 115.50 Selling 116.10
  • Great Brt. Pound 1 Buying 151.03 Selling 152.92
  • Euro 1 Buying 134.18 Selling 135.86
  • Australian Dollar 1 Buying 83.448 Selling 84.491
  • Canadian Dollar 1 Buying 88.914 Selling 90.026
  • Japanese Yen 10 Buying 10.233 Selling 10.360
  • Singapore Dollar 1 Buying 83.762 Selling 84.809
  • Swiss Franc 1 Buying 118.13 Selling 119.61
  • Chinese Yuan * 1 Buying 16.564 Selling 16.771
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 31.115 Selling 31.504
  • Saudi Arabian Riyal 1 Buying 30.230 Selling 30.607
  • Thai Baht 1 Buying 3.5571 Selling 3.6016
  • Malaysian Ringgit 1 Buying 27.434 Selling 27.777
  • UnitedArabEmirates 1 Buying 30.853 Selling 31.239
  • South Korean Won 100 Buying 10.311 Selling 10.440
  • Danish Kroners 1 Buying 17.802 Selling 18.024
  • Hong Kong Dollars 1 Buying 14.539 Selling 14.720
  • Swedish Kroner 1 Buying 12.871 Selling 13.032
  • Kuwati Dinar 1 Buying 373.71 Selling 378.38
  • Bahrain Dinar 1 Buying 299.35 Selling 303.09

As per Sep 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.