IndusInd Bank offers wide range of import services delivered by our experienced trade team who will ensure your transactions are handled efficiently, smoothly and without delay.
Import Letters of Credit
We do issue import letters of vredit on your behalf that give you the advantage with your suppliers. The ability to provide timely information shared online can help to speed up the shipment of goods. The team of experts at IndusInd can help you prepare import L/Cs and advise on the best ways to ensure that your suppliers meet your terms.
Import Collection Bill Services
The Import Collections are a common and flexible method of payment for goods purchased from your suppliers abroad. This requires careful and accurate attention to bills of exchange, stamping requirements on bill of exchange, bills of lading and other documents. We act as a trusted third party for handling shipping documents, and provide intermediary services to facilitate trade settlement with quick turnaround and competitive bank charges.
Direct Import Bills
The FEMA allows you to receive Import Documents directly from the overseas supplier subject to certain conditions. IndusInd Bank ensure quick and efficient settlement of your direct imports leveraging our SWIFT tie-ups with our vast corresponding bank network.
Advance Payment towards Imports
Whenever you want to make any advance payment to your supplier overseas, we can advise you on various provisions in FEMA relating to advance payments and assist you in efficient and faster remittance to your supplier at competitive rates. We further ensure that the remittance happens swiftly at competitive rates.
Arranging for Buyer’s Credit
In many cases, IndusInd can offer interest rate arbitrage opportunities to take benefit of lower interest rates in overseas markets. Using our wide network of correspondent banking relationships, we can arrange for financing your import requirements by way of buyer’s credit.* at competitive rates.
Standby Letter of credit
We also issue Bank Guarantees in Foreign Currency on behalf of Importers for all approved purposes as defined under FEMA, subject to availability of credit limits or against 100% cash margin.