A summary of correspondent banking services offered by us is summarised below:
Trade Finance
Collection and Realisation of Bills
We offer to collect and realise usance and sight instruments drawn on Indian banks or corporates whether in Indian Rupees or any of the major currencies.
Letters of Credit
We can advise Letters of Credit issued by your bank favouring Indian banks as also corporates and can also confirm the same depending on our arrangement with your bank. We can arrange to grant supplier's credit or provide bill discounting facilities to our clients on the strength of such Letters of Credit.
Rupee Accounts Your Rupee Nostro accounts can be maintained with us. We provide competitive rates to fund the same, online access to the account and total reconciliation services.
Bid Bonds/Guarantees
We offer to issue Bid Bonds /Guarantees in local and foreign currencies depending on the arrangement worked out.
Corporate Funding
We can offer rupee funding as also issue of Bank Guarantees and Letter of Credit for your Corporate clients in India.
Remittances
We can process both inward and outward remittances in major international currencies and Indian Rupees. We have also developed a proprietary remittance package called "IndiaLink" that caters to the non-resident Indian population for remittances into India.
We can process all transactions received for beneficiaries in India and remit funds to the beneficiaries either through drafts/pay orders or by direct credit to the beneficiary's account with HDFC Bank. We have extensive tie-ups with courier agents at all our centers to enable effective and time specific delivery schedules
