FOREX

  • Great Britain Pound 1 Buying 136.32 Selling 138.0
  • Euro 1 Buying 126.0 Selling 127.6
  • Australian Dollar 1 Buying 76.74 Selling 77.70
  • Canadian Dollar 1 Buying 85.02 Selling 86.08
  • Japanese Yen 10 Buying 10.67 Selling 10.80
  • Singapore Dollar 1 Buying 81.32 Selling 82.34
  • Swiss Franc 1 Buying 115.6 Selling 117.1
  • Chinese Yuan * 1 Buying 15.90 Selling 16.10
  • Indian Rupees 1 Buying 1.600 Selling 1.601
  • Qatari Riyal 1 Buying 30.64 Selling 31.02
  • Saudi Arabian Riyal 1 Buying 29.76 Selling 30.13
  • Thai Baht 1 Buying 3.677 Selling 3.723
  • Malaysian Ringgit 1 Buying 26.67 Selling 27.00
  • UnitedArabEmirates 1 Buying 30.38 Selling 30.76
  • South Korean Won 100 Buying 9.363 Selling 9.480
  • Danish Kroners 1 Buying 16.74 Selling 16.95
  • Hong Kong Dollars 1 Buying 14.32 Selling 14.50
  • Swedish Kroner 1 Buying 11.70 Selling 11.85
  • Kuwati Dinar 1 Buying 366.3 Selling 370.9
  • Bahrain Dinar 1 Buying 294.6 Selling 298.3

As per Aug 15, 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.