Export
Export Finance provides the necessary liquidity to execute your international orders. Whether you need funds to procure raw materials (Pre-shipment) or require immediate cash against your shipped goods (Post-shipment), we ensure your business never hits a pause.
Who should use this: Indian exporters looking to bridge the funding gap between receiving an order and receiving payment.
Key Features
- Flexible Funding: Available in both INR and Foreign Currency (PCFC).
- Competitive Rates: Linked to transparent benchmarks (SOFR/MCLR).
- Global Reach: Support for all major tradable currencies.
- Tailored Limits: Credit lines based on your past performance and projected orders.
- Regulatory Alignment: Seamless integration with RBI's EDPMS.
Benefits to Customer
- Working Capital Efficiency: Frees up your internal funds for business expansion.
- Cost Optimization: Avail concessional interest rates for export-oriented growth.
- Cash Flow Predictability: Converts your receivables into instant liquidity.
How It Works
- Order Receipt: Exporter receives a confirmed Purchase Order or LC.
- Drawdown: Request for Pre-shipment finance for raw material/production.
- Shipment: Goods are dispatched; shipping documents are generated.
- Liquidation: Pre-shipment loan is converted to Post-shipment finance upon submission of documents.
- Final Settlement: Overseas buyer pays; the loan is closed.
Eligibility & Documents
- Ideal for: MSME and Large Corporate Exporters.
- Documents: IEC Code, Valid Export Order/LC, Proforma Invoice, and standard KYC.
Compliance: Adheres to FEMA and RBI Master Directions on Export of Goods.
Turnaround Time: 24–48 hours for drawdown from an existing limit.
Connect with your Relationship Manager to set up your Export Line.
Navigate the complexities of international trade with confidence. We act as your trusted intermediary to verify the authenticity of Letters of Credit (LC) received from foreign banks and add our Confirmation to guarantee your payment, even if the issuing bank fails.
Key Features
- Authenticity Check: Immediate verification of LC via SWIFT.
- Risk Mitigation: Confirmation protects you against political and bank default risks.
- Documentary Expertise: Our specialists help you identify "hidden" clauses.
- Global Network: Strong relationships with thousands of correspondent banks.
Benefits to Customer
- Eliminates Payment Risk: Moves the risk from the buyer's bank to your local trusted bank.
- Faster Financing: Confirmed LCs are easier to discount for immediate cash.
How It Works
- LC Issuance: Buyer's bank issues LC and sends it to our bank.
- Advising: We verify and notify you of the LC receipt.
- Confirmation (Optional): At your request, we add our guarantee to pay you upon compliant documents.
- Shipment: You ship goods and present documents to us.
- Payment: We process the claim and ensure funds are credited.
Documents: Original LC (received via SWIFT), Board Resolution (for first-time setup).
Turnaround Time: Advising within 4 hours; Confirmation within 24 hours (subject to bank limits).
Secure your exports today. Contact our Trade Desk.
Don't wait for 30, 60, or 90 days to get paid. We "purchase" or "discount" your export bills, providing you with immediate funds against your shipment documents, whether or not they are backed by an LC.
Key Features
- Immediate Liquidity: Convert "Documents against Acceptance" (DA) bills into cash.
- Multi-Currency Support: Discounting available in USD, EUR, GBP, etc.
- Risk Coverage: Option for "With Recourse" or "Without Recourse" (subject to credit).
Benefits to Customer
- Balance Sheet Management: Improves your current ratio.
- Trade Facilitation: Offer longer credit terms to your buyers without hurting your cash flow.
Eligibility: All exporters with a track record of performance.
Documents: Commercial Invoice, Bill of Lading/Airway Bill, Exchange Control (EC) copy.
Turnaround Time: Same-day processing for documents presented before the cut-off.
A safe way to handle shipping documents where we act as your agent, ensuring that the buyer only receives the title to the goods once they have paid or officially accepted the bill.
Key Features
- Document Control: We ensure documents are released only as per your instructions.
- Global Tracking: Real-time updates on the status of your bill via our digital portal.
- Cost-Effective: Ideal for established buyer-seller relationships.
Documents: Full set of shipping documents + Collection Instruction form.
Compliance: Handled as per URC 522 (ICC Guidelines).
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