FOREX

  • US Dollar 1 Buying 104.35 Selling 104.80
  • Great Brt. Pound 1 Buying 129.52 Selling 131.01
  • Euro 1 Buying 111.97 Selling 113.25
  • Australian Dollar 1 Buying 79.57 Selling 80.48
  • Canadian Dollar 1 Buying 77.90 Selling 78.79
  • Japanese Yen 10 Buying 9.32 Selling 9.43
  • Singapore Dollar 1 Buying 74.01 Selling 74.86
  • Swiss Franc 1 Buying 104.07 Selling 105.26
  • Chinese Yuan * 1 Buying 14.89 Selling 15.06
  • Indian Rupees 1 Buying 1.60 Selling 1.60
  • Qatari Riyal 1 Buying 28.12 Selling 28.44
  • Saudi Arabian Riyal 1 Buying 27.31 Selling 27.63
  • Thai Baht 1 Buying 3.00 Selling 3.04
  • Malaysian Ringgit 1 Buying 23.17 Selling 23.44
  • UnitedArabEmirates 1 Buying 27.88 Selling 28.20
  • South Korean Won 100 Buying 9.31 Selling 9.42
  • Danish Kroners 1 Buying 14.92 Selling 15.09
  • Hong Kong Dollars 1 Buying 13.26 Selling 13.42
  • Swedish Kroner 1 Buying 11.73 Selling 11.86
  • Kuwati Dinar 1 Buying 335.64 Selling 339.49
  • Bahrain Dinar 1 Buying 270.39 Selling 273.50

As per Mar 23, 2017 | 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.