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:

• Advance Remittance
• Direct Remittance
• Import Collection
• Letters of Credit
• Buyers Credit

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.

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.

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.

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.

We undertake to arrange financing for your existing import bills due for payment at LIBOR based interest rate by way of Buyers Credit.