HDFC Bank is one of the nominated banks authorised by the RBI to import precious metals into India for sale to customers. We import precious metals ranging from 5 gm bars to Kg bars, from highly reputed banks/refineries abroad, for sale to the bullion trading/jewellery community.
Apart from sale of precious metals, we offer both fund and non-fund based facilities in line with our credit policies to the jewellery sector at very competitive rates.
Gold loans for jewellery manufacturers is another product, which the bank plans to launch shortly. This loan would be available for export purposes as well as for domestic jewellery manufacturing. This product helps jewellery manufacturers to procure gold as a loan from the bank, manufacture the jewellery and export it or sell it in the domestic market.
Being an integrated bank, HDFC Bank can structure a full bouquet of services ranging from working capital financing to complex foreign exchange derivative structures to suit the business model of jewellery units.
New Products for our Bullion Clients:
Shortly, HDFC Bank plans to launch Bullion Forwards, a risk hedging product shortly. The clients can purchase and sell bullion, forward as per their risk management requirement.
For more details, call us on +91-22-24961944 or write to us at sme@hdfcbank.com
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