Letter of Credit
At the request of approved importers, the Bank establishes documentary letters of credit through its correspondents in favour of the suppliers abroad.
In view of the new Rules and Procedures for Import of authorized goods from Third Countries other than India, issued by the Ministry of Trade and Industry, banking procedures require submission of the undernoted documents by the Importer. On receipt of these documents, the Bank can consider payment against imports by opening Documentary Letter of Credit or other means of transfers.
For further information, please contact our nearest branch.