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Export Finance Services
 
1
Advising Export Letters of Credit
Export Letters of Credit received by us favouring you, will be promptly advised. You can also bank on us to advise any amendments asap.
 
2
Collection of Export Bills
The export bills submitted for collection will be forwarded for collection to the bank designated by the exporter and the funds will be disbursed on receipt of the same from our correspondent bank.
3
Credit Facilities to Exporters
We make available credit facilities to exporters as under:
 
  • Pre-shipment Advance: Packing Credit is a working capital advance granted to exporters to enable them to procure raw material required for export. The tenor of the advance will vary according to the cash to cash cycle for individual borrowers and will not normally exceed 6 months
  • Post Shipment Finance: Export bills discounting / negotiation Export bills tendered by customers either under LC / direct exports will be negotiated / discounted
  Both the advances stated above will be made available in INR or in foreign Currency depending upon the availability of resources.
 
    For our list of foreign exchange branches (‘B’ category) please Click here.
    For our list of Overseas (NOSTRO) Accounts please Click here.
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    For more details about Forex Loans contact us at 67444560
 
 
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Tel:- +91-22-6744 4524
Tel:- +91-22-6744 4560
Tel:- +91-22-6744 4534
 
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