RUPEE EXPORT CREDIT (PRE-SHIPMENT AND POST-SHIPMENT) :
BOB offers both pre and post shipment credit to the Indian exporters through Rupee Denominated Loans as well as foreign currency loans in India.
Exporters having firm export orders or confirmed L/C from a recognized Bank can avail the export credit facilities from BOB provided they satisfy the required credit norms. The details of the credit norms can be obtained from the nearest authorised branch of the Bank.
Rupee export credit is available for a maximum period of -360- days from the date of first disbursement. The corporates, if required can book forward contracts in respect of future export credit drawals.
EXPORT BILL REDISCOUNTING :
BOB offers financing of export by way of bill discounting of export bills to provide post shipment finance to the exporters at competitive international rate of interest.
The export bills (both Sight and Usance) can be purchased/ discounted provided they comply with the norms of the Bank/ RBI.
All exporters are eligible to cover the bills drawn under L/C, non-credit bills under sanctioned limits under the Bill discounting Scheme.
For further details, please contact the Bank of Baroda Branch nearest to you.