| Foreign Exchange Transaction & NRI The Bank operates foreign
exchange business through its authorised branches. It has 4 (four) "A" category
authorised branches maintaining 37 (thirty seven) Nostro Accounts with foreign Banks in 16
(sixteen) currencies across the world. Besides, it has 48 (forty eight) "B"
category authorised branches spreading allover the country undertaking forex business
independently. Various forex services available to the customers are listed below:
i) Export business
- Pre-shipment finance
- Post-shipment finance
- Export bills on collection basis
ii) Import business
- Import finance/ opening of letter of credit
- Issuance of guarantee/ bond
- Import bills on collection basis
iii) Inward and outward remittances
iv) Issuance and encashment of foreign travelers' cheques
v) Sale and Purchase of foreign currency notes
vi) Various deposit schemes to NRIs
- In foreign currency viz. FCNR (B)
- In equivalent Rupee viz. NRE, NRNR
vii) Precious metals viz. Gold/ Silver import and sale
viii) Gold deposit scheme
ix) Forward contract facilities
x) Consultancy services
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