ADVANCE REMITTANCE: Exporters can call for advance remittance from their constituents at very competitive rates.
RUPEE EXPORT CREDIT (PRE-SHIPMENT AND POST-SHIPMENT): BCCB Ltd offers both pre and post shipment credit to exporters.
Exporters having firm export orders or L/C issued by a reputed Bank can avail the export credit facilities from BCCB Ltd provided that the required credit norms are complied with. Rupee export credit is available for a maximum period as per the operating cycle of the exporter.
EXPORT BILL DISCOUNTING: BCCB Ltd offers post shipment finance to the exporters at competitive rate of interest by purchasing or discounting of bills.
The export bills against firm export order or under a letter of Credit (both Sight and Usance) can be purchased/ discounted provided they comply with the norms of the Bank/ RBI.
EEFC: It is a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their foreign exchange earnings to the account, so that the account holders do not have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transaction costs.
100% foreign exchange earnings can be credited to the EEFC account subject to the condition that the sum total of the accruals in the account during a calendar month should be converted into Rupees on or before the last day of the succeeding calendar month after adjusting for utilization of the balances for approved purposes or forward commitments.
BCCB Ltd provides various types of services to the importers for facilitating the imports in the country.. All the facilities are subject to the prevalent rules of the Bank/ RBI guidelines.
The various facilities provided are:
- ADVANCE IMPORT PAYMENT: Some importers need to make payment in advance for purchase of material. We facilitate remittance of advance payment at very good rates.
- COLLECTION OF IMPORT BILLS: To help you better liquidity and keep cash flow healthy, we provide you import bills collection service : Documents against Acceptance (DA) and Documents against Payment (DP)
- LETTER OF CREDIT: BCCB LTD offers L/C issuance facility for the purchase of goods in the international market through reputed banks We aim to use this product to provide greater flexibility and liquidity by filling the gap between payments for imported goods and receipt of funds from sales.
- The L/C facility can be granted to the importers after assessing their requirement/ credit worthiness/ financial strength and other parameters being to the satisfaction of the Bank.
All the products of our bank are offered at very competitive service charges as displayed.