Export Credit

Export Credit

Expand Your Global Reach with Our Comprehensive Export Finance Solutions

  • We are one of the leading banks in the country, offering a wide range of Forex services and products through our 179 Authorized Dealer branches, over 5,000 linked branches, and 46 overseas branches/offices. Our state-of-the-art Treasury in Mumbai, supported by Treasury Offices worldwide, ensures highly competitive rates for a variety of foreign currencies, delivering competitive pricing and quick turnaround time for an extensive range of forex products.

Export Finance Tailored for Your Business Needs:

  • Our Export Finance services provide short-term, working capital solutions designed specifically for exporters. We offer flexible financing options at various stages of your export journey. We have a special scheme devised exclusively to cater to the SME Sector. For more details Click Here

1. Pre-shipment Finance:

Pre-shipment Finance, also known as Packing Credit, is extended to exporters to fund the purchase, processing, manufacturing, or packing of goods before shipment. This credit is based on a Letter of Credit (LC) opened in favour of the exporter or a confirmed and irrevocable export order.

Key Features and Benefits:

  • Packing Credit available in Indian Rupees and selected Foreign Currencies.
  • Advances against government incentives and duty-drawbacks.
  • Access to the Interest Equalization Scheme for Export Credit in INR for eligible sectors, as per regulatory guidelines.

2. Post-shipment Finance:

Post-shipment Finance supports exporters from the date of shipment to the realization of export proceeds. This includes loans and advances granted on the security of duty drawbacks allowed by the Government.

Key Features and Benefits:

  • Purchase and discount of export documents under confirmed orders.
  • Negotiation, payment, and acceptance of documents under LC.
  • Advances against Export Bills sent for collection.
  • Rediscounting of Export Bills in selected Foreign Currencies.
  • Interest Equalization Scheme for Export Credit in INR for eligible sectors, as per regulatory guidelines.

Boost/Elevate Your Export Business Further! For more details and to explore how our export finance solutions can support your business growth, visit your nearest branch today.

Export Credit

Export Credit in Foreign Currency

  • The below ROI is indicative. For customer-specific rates and business-specific requirements, please contact your branch.
Particulars Rate of Interest (ROI)
Pre-shipment Credit
Up to 180 days 250 bps over ARR (as per tenure)
Beyond 180 days and up to 360 days Rate of initial 180 days +200 bps
Post-shipment Credit
On demand bills for transit period (as per FEDAI guidelines) 250 bps over ARR (as per tenure)
Usance bills (Up to 6 months from the date of shipment) 250 bps over ARR (as per tenure)
Export bills realized after due date (up to crystallization) Rate for Usance bills + 200 bps

Export Credit

Rupee Export Credit

Particulars Rate of Interest (ROI)
Pre-shipment Credit
Up to 180 days i) For accounts linked with MCLR in Corporate/Agri MCLR (as per tenure) + BSP/BSD + 0.25%
ii) For accounts linked with RBLR in MSME sector Repo rate + Mark up + BSP/BSD
Beyond 180 days and up to 360 days Same as above
Against incentives receivables from Govt. covered by ECGC Guarantee up to 90 days Same as above
Post-shipment Credit
On Demand Bills for transit period (as per FEDAI guidelines) Same as above
Usance Bills -Up to 90 days Same as above
Usance Bills -Beyond 90 days up to 6 months from the date of shipment Same as above
Usance Bills -Upto 365 days for exporters under Gold Card Scheme Same as above
Against incentive receivable from Govt. covered by ECGC Guarantee (up to 90 days) Same as above
Against undrawn balances (up to 90 days) Same as above
Against retention money (for supplies portion only) payable within 1 year from the date of shipment (upto 90 days) Same as above
Deferred Credit — For the period beyond 180 days Same as above

Export Credit

Export Credit Not Otherwise Specified

Particulars Rate of Interest (ROI)
Pre-shipment Credit (i) For accounts linked with MCLR in Corporate /Agri MCLR (as per tenure) + BSP/BSD+ 5.50%
(ii) For accounts linked with RBLR in MSME sector Repo rate + Mark-up + BSP/BSD +5.50
Post-shipment Credit Same as above

Note:

  • 1-Year MCLR : Revised from time to time Click Here
  • RBLR : Revised from time to time Click Here
  • Concession: Permitted as per the delegation, however ROI will not fall below MCLR (for MCLR-linked accounts) or Repo Rate (for Repo-Linked accounts)
  • Interest Equalization: Equalization on Rupee Export Credit should be passed on to eligible exporters as per extant guidelines issued by RBI as amended from time to time.
  • Usance Period: Total period comprising usance period of export bills, transit period as specified by FEDAI and grace period wherever applicable

Disclaimer

  • Product offerings are subject to eligibility criteria and Bank’s internal policies, and are provided at the Bank’s discretion.