Comprehensive Solutions for the Modern Importer.
Secure, efficient, and cost-effective trade facilitation to ensure your supply chain remains uninterrupted and compliant.
At Bharat Bank, we offer a robust suite of import solutions designed to provide you with the necessary comfort and financial flexibility for your day-to-day business needs. From establishing trust with new overseas suppliers through Letters of Credit to managing your cash flow via Buyerās/Supplierās Credit, our trade experts ensure that your import transactions are handled with speed and precision.
-
Free Insurance
Life & Accident Cover
-
Digital Services
Mobile Banking, UPI
-
Debit Card
Rupay Classic, Platinum
-
Personal Service
People-centric Banking
1. Import Bills for Collection
A secure and economical alternative to LCs for established trade relationships.
- Document Handling: We act as your agent to receive shipping documents from your supplierās bank.
- Release Terms: Delivery of documents against payment (D/P) or against acceptance (D/A), giving you control over the transaction.
- Quick Notification: Immediate intimation of document arrival via the most expeditious means.
2. Direct & Advance Remittances
- Direct Payment: Remit payment to your supplier after taking delivery of the goods, maintaining full control over the transaction.
- Advance Remittance: Secure outward fund transfers for advance payments as per your purchase contract, within FEMA guidelines.
- Multi-Currency Support: Execute payments in 8 major currencies: USD, AED, GBP, SGD, CAD, AUD, EUR, and JPY.
3. Buyerās / Supplierās Credit Arrangements
Extend your payment deadlines and optimize your working capital.
- Extended Credit: Avail of buyer's credit from foreign lenders against a Letter of Undertaking issued by Bharat Bank.
- Negotiation Power: Negotiate with your exporter on a "sight" basis to get better pricing, then convert it into a credit arrangement.
|
Feature |
Your Advantage |
|---|---|
|
Supplier Status Reports |
We arrange status reports on your overseas suppliers to reduce the risk of non-delivery. |
|
Exchange Rate Protection |
Book Forward Contracts for your import bill payments to shield your business from currency volatility. |
|
Competitive Pricing |
Benefit from some of the most competitive exchange rates and transaction fees in the co-operative banking sector. |
|
FEMA Compliance |
Expert guidance to ensure all your import payments comply with the latest RBI and FEMA regulations. |
1. Import Bills for Collection
A secure and economical alternative to LCs for established trade relationships.
- Document Handling: We act as your agent to receive shipping documents from your supplierās bank.
- Release Terms: Delivery of documents against payment (D/P) or against acceptance (D/A), giving you control over the transaction.
- Quick Notification: Immediate intimation of document arrival via the most expeditious means.
2. Direct & Advance Remittances
- Direct Payment: Remit payment to your supplier after taking delivery of the goods, maintaining full control over the transaction.
- Advance Remittance: Secure outward fund transfers for advance payments as per your purchase contract, within FEMA guidelines.
- Multi-Currency Support: Execute payments in 8 major currencies: USD, AED, GBP, SGD, CAD, AUD, EUR, and JPY.
3. Buyerās / Supplierās Credit Arrangements
Extend your payment deadlines and optimize your working capital.
- Extended Credit: Avail of buyer's credit from foreign lenders against a Letter of Undertaking issued by Bharat Bank.
- Negotiation Power: Negotiate with your exporter on a "sight" basis to get better pricing, then convert it into a credit arrangement.
|
Feature |
Your Advantage |
|---|---|
|
Supplier Status Reports |
We arrange status reports on your overseas suppliers to reduce the risk of non-delivery. |
|
Exchange Rate Protection |
Book Forward Contracts for your import bill payments to shield your business from currency volatility. |
|
Competitive Pricing |
Benefit from some of the most competitive exchange rates and transaction fees in the co-operative banking sector. |
|
FEMA Compliance |
Expert guidance to ensure all your import payments comply with the latest RBI and FEMA regulations. |