Eligibility

• Merchandise Exporters (Exporters registered under the Export Development Board)

Product Features

Types of accounts:

• Fixed Deposit Accounts
• Savings Accounts

Permitted Currencies:

• US Dollars
• Singapore Dollars
• Canadian Dollars
• Sterling Pounds
• Australian Dollars
• Euro
• Swiss Francs
• Hong Kong Dollars
• Japanese Yens
• New Zealand Dollars
• Swedish Kroners
• Danish Kroners
• Norwegian Kroners

Permitted credits (Deposits)

• Export Proceeds
• Proceeds of an approved loan in foreign currency in favor of the account holder

Permitted Debits ( Withdrawals)

• For Import Financing
• Meet the reasonable claims from foreign buyers (quality, quantity deficiencies, commissions and fees)
• Repayment of loan granted to the account holder by any commercial bank.
• Pay the freight due shipping co. or airlines

Click here to download the account opening application form