We are an institution of international
repute. We are highly respected in the world of international finance and
cross border transactions. Take advantage of our wide network of correspondent
relationships with reputed international banks worldwide. The facilities offered
to importers are:
Your overseas exporter may require you to make full payment in advance for the goods to be exported to you. The exporter would dispatch the goods to you after he receives full payment from you.
For this purpose, HDFC Bank will make your remittance in foreign currency to the exporter at a very competitive rate.
Direct Remittance
You may require the exporter overseas to dispatch the goods first and then remit the payment for the goods. The exporter would then dispatch the goods to you. The overseas exporter will then send the documents directly to you. When you approach us along with the documents for sending remittance to the exporter, we will ensure that the remittance is done promptly.
Import Collection
The exporter from overseas exports the goods to you. The overseas exporter / exporter's bank sends the documents to HDFC Bank on collection. We will then intimate you about the receipt of the documents. All you need to do is to authorize us to debit your a/c and send the remittance to the exporters bank.
If it is a sight bill (Documents against Payment), then the necessary documents and debit authority is collected from you and remittance is paid to the exporters bank and the documents are released to you. If it is a usance bill (Documents against Acceptance), then the acceptance letter is taken from you and the documents are released. On the due date remittance is made to the exporters bank by debiting your account.
Letter of Credit
In a business cycle, as a buyer you need to pay for your purchases in international and domestic markets. Our letters of credit helps you to facilitate purchase of goods in international and domestic trading operations.
All our letters of credit issued are valued and accepted worldwide.
Contact Us Now
We have dedicated trade finance desks spread throughout the country providing you the best of services thereby adding value to your business. Contact your relationship manager or just walk into any of our branches for these services.
