International Banking

Services for Exporters and Importers | Services for Domestic customers | SBBJ Expo Gold Card  | Export Credit Interest rate | Interest Gold Card | Service Charges

International Banking services of State Bank of Bikaner & Jaipur are delivered for the benefit of its Indian customers, non-resident Indians, foreign entities and banks. Amongst the various services offered by us are Export finance by way of preshipment and postshipment finance,other consultancy services to exporters and importers,and services to domestic customers, overseas tourists, travelers by way of remittance facility, encashment and sale of Foreign currency and travellers' cheques, collection of cheques/drafts and other instruments. For this purpose 68 of our branches are authorized to do Forex business.

WE ALSO OFFER

• Finest and fastest rates for any foreign exchange transaction, for any amount, and for any delivery.

• Forward cover as well as long term rollover covers.

• Market intelligence from our extensive database.

• Profiles, prospects, rate forecasts for foreign currencies.

• Counseling, risk management and hedging of your total foreign exchange exposures in the long-term perspective.

• Consultancy services on exchange controls, Import-Export policy and other formalities in foreign trade.

SERVICES FOR EXPORTERS AND IMPORTERS

1. (i) Pre-shipment credit to eligible exporters in rupees at concessive rate of interest for Purchasing / manufacturing / processing / transporting of goods meant for export against L /c / Firm Order etc. Running A/c facility is also being provided to exporters having good track record.
   
   (ii) Pre-shipment Credit is also being provided by our designated branches in Foreign Currency under PCFC Scheme at LIBOR linked rates.
   
   (iii) Pre-shipment Credit at concessive rate of interest against incentives receivable from government for exports covered by ECGC guarantee.
    

2. Post-shipment finance by meant of
   (i) Negotiation of documents under letter of credit. (ii) Purchase/discount of bills.
   (iii) Advance against bills sent for collection at concessive rate of interest.
   (iv) Advance against goods sent on consignment basis where documents are delivered under trust receipt.
   (v) Advance against receivables from government agencies like cash incentives, Duty Drawback etc. at concessive rate of interest upto 90 days.

The Post-shipment finance can be provided under the following schemes :-

1. Post-shipment finance provided in rupees at concessional rate.

2. Post-shipment finance in foreign currency under Export Bill Rediscounting Scheme at LIBOR linked rates. It is obligatory to avail EBR if PCFC is availed at pre shipment stage.

3. Arranging foreign currency loans, suppliers credit etc.

4. Issuance of Bid Bonds to exporters competing/quoting in global tenders.

5. Issuance of performance guarantees to exporters when contract is awarded.

6. Issuance of advance payment guarantees to exporters for obtention of advance payment from the buyers.

7. Prompt, speedy and efficient L/c opening, negotiations etc.

8. Speedy processing of documents.

9. Opening of EEFC accounts at our authorised branches.

IMPORT AVENUE:
LETTER OF CREDIT

Leverage State Bank Group's reputation and goodwill in the global market! Avail of SBBJ's Letters of Credit for your purchases in international and domestic trading operations.

SBBJ offers Letters of Credit to facilitate purchase of goods in international trading operations. Backed by State Bank Group's strong reputation, you will be able to build better trust in trade and forge business relationships faster.

The bank's vast network of branches and correspondent banks enables your enterprise to sustain a seamless flow of business on a wide platform.

SERVICES FOR DOMESTIC CUSTOMERS/TRAVELLERS, OVERSEAS TOURISTS

1. Collection of cheques, drafts, instruments in any country/currency in a short time with the aid of courier services.

2. Acceptance and payments of inward remittance in any currency.

3. Issue/encashment of Foreign Currency Travellers' Cheques, Drafts, MTs, TTs, and Currency Notes.

4. We issue encashment certificates, Foreign Currency realisation certificates, Freight certificates etc. for purposes relating to Forex business.

SBBJ EXPO GOLD CARD SCHEME

State Bank of Bikaner & Jaipur has launched "SBBJ EXPO GOLD CARD SCHEME" to meet the working capital needs of exporters with good track record and credit worthiness, subject to their fulfilling the specified eligibility norms. The salient features of the scheme are as under:

Assessment norms have been simplified and for units with export turnover up to Rs. 100 crore simplified assessment in terms of Nayak Committee norms will be made within specified time norm not exceeding 25 days in case of new sanctions and 15 days in case of renewals.

Further relaxations, subject to certain conditions, in the form of automatic renewal of limits after the three year tenure as also simplified method for effecting annual step-up in limits is being examined by the Bank.

Standby limit of 20% will be sanctioned to all the SBBJ Expo Gold Card holders over and above the sanctioned limit to meet credit demands arising out of receipt of sudden orders.

Limits sanctioned will be valid for a period of three years.

Interest will be charged at concessional rate from the Gold Card holders. The present rate for Packing Credit up to 180 days and Post-shipment credit up to 365 days would be 3.75% below the Bank's benchmark Prime Lending Rate. Also, SBBJ Expo Gold Card holders will be given preference for grant of packing credit in foreign currency.