Trade & Forex Service

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 the 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.

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.

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 remit funds efficiently and faster to your supplier at competitive rates.

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.

We 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.

*conditions apply

Using our wide network of correspondent bank you can receive funds in your account with us and we will ensure effective & fast credits at competitive rates.

A documentary credit (LC) opened by the overseas importer's bank, will be checked for authenticity and couriered across to your doorstep. We can explain complex LC terms to help you prepare your documents easily and error-free.

When you are not comfortable with the credit standing of an LC opening bank or if you are worried about the political climate or credit risk of the buyer's country, we are there to assist you with our LC confirmation services. Once we add our confirmation, you are assured of payment, subject to documents being as per L/C terms & conditions, even in the case of non-payment by the L/C opening bank.

We can discount your export bills at competitive rates upon receipt of acceptance from the L/C Issuing or Confirming Bank. The discounting would be subject to compliance with the bank’s internal process and policy requirements.

*Conditions apply