FOREX

  • US Dollar 1 Buying 109.00 Selling 109.60
  • Great Brt. Pound 1 Buying 145.01 Selling 146.82
  • Euro 1 Buying 126.99 Selling 128.58
  • Australian Dollar 1 Buying 82.164 Selling 83.191
  • Canadian Dollar 1 Buying 84.424 Selling 85.479
  • Japanese Yen 10 Buying 9.8965 Selling 10.020
  • Singapore Dollar 1 Buying 80.567 Selling 81.574
  • Swiss Franc 1 Buying 108.61 Selling 109.97
  • Chinese Yuan * 1 Buying 16.736 Selling 16.945
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 29.364 Selling 29.731
  • Saudi Arabian Riyal 1 Buying 28.531 Selling 28.888
  • Thai Baht 1 Buying 3.3840 Selling 3.4263
  • Malaysian Ringgit 1 Buying 26.847 Selling 27.182
  • UnitedArabEmirates 1 Buying 29.117 Selling 29.481
  • South Korean Won 100 Buying 10.096 Selling 10.222
  • Danish Kroners 1 Buying 16.867 Selling 17.078
  • Hong Kong Dollars 1 Buying 13.714 Selling 13.886
  • Swedish Kroner 1 Buying 12.307 Selling 12.460
  • Kuwati Dinar 1 Buying 353.57 Selling 357.99
  • Bahrain Dinar 1 Buying 282.09 Selling 285.61

As per May 24, 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.