INTEREST RATES ON EXPORT CREDIT AND LOANS AGAINST FCNR(B) / NR(E)RA DEPOSITS

Transcription

1 S ON EXPORT CREDIT AND 1 2 S ON NORMAL RUPEE EXPORT CREDIT PRE-SHIPMENT EXPORT CREDIT (a) i) Upto 180 days ii) Beyond 180 days and upto 270 days iii) Beyond 270 days % (b) Against incentives receivable from Government covered by ECGC Guarantee (Upto 90 days) POST-SHIPMENT CREDIT (a) Demand Bills (Transit period as specified by FEDAI) (b) Usance Bills (Total Period : Usance Period + Transit Period + Grace Period) i) Upto 90 days of Credit ii) Beyond 90 days of Credit and upto 6 months from date of Shipment iii) Against incentives receivable from Government covered by ECGC Guarantee (upto 90 days) iv) Against undrawn balances upto 90 days v) Against retention money (for supplies portion only) payable within one year from the date of Shipment (upto 90 days) 3 DEFERRED CREDIT FOR THE PERIOD BEYOND 180 DAYS S LINKED TO % cont Page 1 of 6

2 S ON EXPORT CREDIT AND 4 S ON NORMAL RUPEE EXPORT CREDIT EXPORT CREDIT NOT OTHERWISE SPECIFIED i) Overdue Pre-Shipment Credit % ii) Overdue Post-Shipment Credit (a) On Overdue Bills from due date to Delinking date (30 days) (b) On Overdue Bills from date of Delinking to date of Realisation (c) Overdue Export Bills drawn in Indian Rupee / Overdue Rupee Advance against Bills sent on Collection (From Notional due date to date of Realisation) iii) In case of repayment out of local Rupee Resources for Packing Credit and Post-Shipment advance (From date of advance) (Up to 180 days from the date of advance irrespective of the tenor of the Bill) S LINKED TO RAT E (Up to 180 days from the date of advance irrespective of the tenor of the Bill) Over & above 180 Over & above 180 days days % % + Page 2 of 6

3 S ON EXPORT CREDIT AND PRE-SUPPLY EXPORT CREDIT (a) Upto 180 days (b) Beyond 180 days and upto 270 days S FOR DEEMED EXPORTS (c) Beyond 270 days % POST-SUPPLY DEEMED EXPORT CREDIT Demand / Usance Bills upto 30 days (maximum) DEEMED EXPORT CREDIT NOT OTHERWISE SPECIFIED (a) Overdue Pre-Supply Credit i) On overdue Deemed Exports Pre-Supply Credit ii) In case of reversal of Pre- Supply Advance out of local resources (from the date of advance) (b) Overdue Post-Supply Credit i) On overdue Deemed Exports Credit liquidated beyond 30 days upto Realisation ii) In case of reversal of Post- Supply Advance out of local resources (from the date of advance) % % % % + S LINKED TO Page 3 of 6

4 S ON EXPORT CREDIT AND S FOR LOAN / OVERDRAFT AGAINST FCNR(B) DEPOSITS 1. Loan in Foreign Currency (a) To Depositor Loan to Depositor in the currency of the deposit irrespective of the Loan amount and tenor of the deposit (b) To Third Party 2. Loan in Indian Rupee (at Notional Rate) (a) To Depositor i) When repaid out of NRO / NR(E)RA / FCNR(B) / Inward Remittance / Local fund prescribed minimum maturity period (b) To Third Party S LINKED TO LIBOR 6 months LIBOR on the date of disbursement bps, subject to a minimum of 100 bps over the interest rate on FCNR deposit. Interest rate is to be reset every six months. minus 3.00% (10.25%) minus 1.00% (12.25%) i) Advances to Third Party (13.25%) prescribed minimum maturity period (13.25%) Not Allowed S LINKED TO % 9.50% 3.25% 11.50% 4.25% 12.50% 4.25% 12.50% Page 4 of 6

5 S ON EXPORT CREDIT AND 1. To Depositor S FOR LOAN / OVERDRAFT AGAINST NR(E)RA DEPOSITS i) When repaid out of NRO / NR(E)RA / FCNR(B) / Inward Remittance / Local fund prescribed minimum maturity period 1.00% p.a. over the Deposit Rate minus (11.25%) S LINKED TO % p.a. over the Deposit Rate 2.25% 10.50% 2. To Third Party (2% over the deposit rate or the following, whichever is higher) i) Advances to Third Party p.a. over the Deposit Rate or, whichever is higher prescribed minimum maturity period p.a. over the Deposit Rate or, whichever is higher 4.25% 12.50% 4.25% 12.50% Page 5 of 6

6 S ON EXPORT CREDIT AND S ON EXPORT CREDIT IN FOREIGN CURRENCY S LINKED TO LIBOR 1 2 Pre-Shipment Credit in Foreign Currency (PCFC) (a) Upto 180 days Not exceeding 200 basis points over LIBOR / EURO LIBOR / EURIBOR (b) Beyond 180 days and upto 360 days Post-Shipment Credit (a) On Demand Bills for transit period (as specified by FEDAI) (b) Usance Bills (for total period comprising usance period of Export Bills, transit period as specified by FEDAI and grace period wherever applicable) Upto 6 months from the date of Shipment (c) Export bills (Demand or Usance) realised after due date but upto date of crystallisation 3 Export Credit Not Otherwise Specified (ECNOS) (a) Overdue Pre-shipment credit (on reversal to Rupee Credit) Rate for initial period of 180 days prevailing at the time of extension plus 2.00 percentage points Not exceeding 200 basis points over LIBOR / EURO LIBOR / EURIBOR Not exceeding 200 basis points over LIBOR / EURO LIBOR / EURIBOR Rate for 2(b) above plus 2.00 percentage points % S LINKED TO (b) Overdue Post-shipment credit from date of delinking to date of realisation (on reversal to Rupee Credit) % (c) If account is adjusted out of Rupee resources % + Page 6 of 6