FOREX

  • US Dollar 1 Buying 110.05 Selling 110.65
  • Great Britain Pound 1 Buying 143.89 Selling 145.68
  • Euro 1 Buying 124.57 Selling 126.13
  • Australian Dollar 1 Buying 77.871 Selling 78.844
  • Canadian Dollar 1 Buying 81.931 Selling 82.955
  • Japanese Yen 10 Buying 9.8717 Selling 9.9951
  • Singapore Dollar 1 Buying 80.972 Selling 81.984
  • Swiss Franc 1 Buying 109.73 Selling 111.10
  • Chinese Yuan * 1 Buying 16.129 Selling 16.330
  • Indian Rupees 1 Buying 1.6000 Selling 1.6015
  • Qatari Riyal 1 Buying 29.647 Selling 30.017
  • Saudi Arabian Riyal 1 Buying 28.806 Selling 29.166
  • Thai Baht 1 Buying 3.4607 Selling 3.5040
  • Malaysian Ringgit 1 Buying 26.627 Selling 26.960
  • UnitedArabEmirates 1 Buying 29.401 Selling 29.769
  • South Korean Won 100 Buying 9.7354 Selling 9.8571
  • Danish Kroners 1 Buying 16.530 Selling 16.737
  • Hong Kong Dollars 1 Buying 13.849 Selling 14.022
  • Swedish Kroner 1 Buying 11.872 Selling 12.020
  • Kuwati Dinar 1 Buying 355.64 Selling 360.08
  • Bahrain Dinar 1 Buying 285.12 Selling 288.68

As per Mar 24, 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.