FOREX

  • US Dollar 1 Buying 114.45 Selling 115.05
  • Great Britain Pound 1 Buying 145.14 Selling 146.96
  • Euro 1 Buying 125.55 Selling 127.12
  • Australian Dollar 1 Buying 76.681 Selling 77.640
  • Canadian Dollar 1 Buying 86.182 Selling 87.260
  • Japanese Yen 10 Buying 10.466 Selling 10.597
  • Singapore Dollar 1 Buying 82.785 Selling 83.820
  • Swiss Franc 1 Buying 113.50 Selling 114.92
  • Chinese Yuan * 1 Buying 15.859 Selling 16.057
  • Indian Rupees 1 Buying 1.600 Selling 1.602
  • Qatari Riyal 1 Buying 30.832 Selling 31.218
  • Saudi Arabian Riyal 1 Buying 29.947 Selling 30.321
  • Thai Baht 1 Buying 3.752 Selling 3.799
  • Malaysian Ringgit 1 Buying 26.803 Selling 27.138
  • UnitedArabEmirates 1 Buying 30.573 Selling 30.955
  • South Korean Won 100 Buying 9.631 Selling 9.751
  • Danish Kroners 1 Buying 16.652 Selling 16.861
  • Hong Kong Dollars 1 Buying 14.406 Selling 14.586
  • Swedish Kroner 1 Buying 11.540 Selling 11.684
  • Kuwati Dinar 1 Buying 369.39 Selling 374.01
  • Bahrain Dinar 1 Buying 296.53 Selling 300.24

As per Oct 16, 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.