FOREX

  • US Dollar 1 Buying 113.7 Selling 114.3
  • Great Britain Pound 1 Buying 145.50 Selling 147.32
  • Euro 1 Buying 128.77 Selling 130.38
  • Australian Dollar 1 Buying 81.034 Selling 82.046
  • Canadian Dollar 1 Buying 85.187 Selling 86.252
  • Japanese Yen 10 Buying 10.361 Selling 10.491
  • Singapore Dollar 1 Buying 83.180 Selling 84.220
  • Swiss Franc 1 Buying 113.43 Selling 114.85
  • Chinese Yuan * 1 Buying 16.508 Selling 16.715
  • Indian Rupees 1 Buying 1.6 Selling 1.6015
  • Qatari Riyal 1 Buying 30.630 Selling 31.013
  • Saudi Arabian Riyal 1 Buying 29.755 Selling 30.127
  • Thai Baht 1 Buying 3.5811 Selling 3.6259
  • Malaysian Ringgit 1 Buying 27.168 Selling 27.508
  • UnitedArabEmirates 1 Buying 30.372 Selling 30.752
  • South Korean Won 100 Buying 10.130 Selling 10.257
  • Danish Kroners 1 Buying 17.082 Selling 17.296
  • Hong Kong Dollars 1 Buying 14.312 Selling 14.491
  • Swedish Kroner 1 Buying 12.486 Selling 12.642
  • Kuwati Dinar 1 Buying 367.52 Selling 372.11
  • Bahrain Dinar 1 Buying 294.69 Selling 298.38

As per Jan 17, 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.