FOREX

  • US Dollar 1 Buying 108.55 Selling 109.15
  • Great Brt. Pound 1 Buying 143.42 Selling 145.22
  • Euro 1 Buying 125.34 Selling 126.90
  • Australian Dollar 1 Buying 80.446 Selling 81.452
  • Canadian Dollar 1 Buying 81.782 Selling 82.804
  • Japanese Yen 10 Buying 9.7477 Selling 9.8695
  • Singapore Dollar 1 Buying 79.751 Selling 80.748
  • Swiss Franc 1 Buying 107.70 Selling 109.05
  • Chinese Yuan * 1 Buying 16.545 Selling 16.752
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 29.243 Selling 29.608
  • Saudi Arabian Riyal 1 Buying 28.411 Selling 28.766
  • Thai Baht 1 Buying 3.3135 Selling 3.3549
  • Malaysian Ringgit 1 Buying 26.752 Selling 27.087
  • UnitedArabEmirates 1 Buying 28.996 Selling 29.359
  • South Korean Won 100 Buying 9.8403 Selling 9.9633
  • Danish Kroners 1 Buying 16.651 Selling 16.859
  • Hong Kong Dollars 1 Buying 13.654 Selling 13.825
  • Swedish Kroner 1 Buying 12.216 Selling 12.369
  • Kuwati Dinar 1 Buying 351.27 Selling 355.66
  • Bahrain Dinar 1 Buying 280.72 Selling 284.23

As per Jun 17, 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.