CORRESPONDENT BANKING

We have correspondent banking relationship with more than 400 international banks over 80 countries.

The correspondent banks are selected with great care to ensure that our customers get the best and most reliable service in the foreign lands at most competitive rates.

A wide network of correspondent banks helps our customers in the following ways:

Our Importer clients can have their import LCs established through us and advised by our correspondents spread over the globe. As our bank has good standing in the international market, the LCs established by us are accepted internationally. Nonetheless in case the supplier wants our LCs to be confirmed by a bank in the country of the supplier, our correspondents will be pleased to add their confirmation to the LCs established by us.

Outward Remittances towards imports payment and for other purposes will be affected with ease as per FEMA regulations.

Quick collection of Export Bills and clear instruments through the wide network of correspondents.

Our adequate drawing arrangements with a number of our correspondents. Remittances by way of DD / TT / Swift can be effected through any of our correspondents worldwide.

We also have Nostro Accounts in most of the permitted currencies. You can remit funds to India in any of these currencies by instructing to your bankers abroad to remit the funds to our Nostro Account maintained in that particular currency. Full details of your account in India in any of our branches or with any other bank may kindly be furnished along with your payment instructions. It is also requested that the purpose of the remittance be stated so that the funds can be disposed accordingly.

Click here for the details of our Nostro Accounts.