• Finest and Fastest rates for any Foreign Exchange transactions, for any amount, for any delivery in the 12 currencies traded.
• Provides forward cover.
• Provides country profiles and risk, credit / status report of your overseas trading partners.
• Provides cross currency options.
• Provides market intelligence .
• Provides profiles, prospects and rate forecasts for foreign currencies.
• Counselling, Risk management and Optimal 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.

• Preshipment credit to eligible exporters at concessional rate of interest for procuring / manufacturing / processing / warehousing and transporting of goods meant for exports against Letter of Credit / Firm Order
• Preshipment credit and Postshipment credit in Foreign Currency.
• Exporters Gold Card scheme
• Diamond Dollar account

Postshipment finance by means of :

• Negotiation of documents under Irrevocable Letters of Credit and purchase/discount of export bills against confirmed orders.
• Credit facility against export bills sent on collection.
• Credit facility against goods sent on consignment basis where documents are delivered under trust receipt.
• Credit facility against receivables like Duty drawbacks and IPRs etc.,
• Issuance of bid bonds to exporters for competing in global tenders.
• Issuance of guarantees to exporters for obtention of advance payment from the buyers.
• Issuance of export performance guarantees on behalf of exporters.
• Arranging Foreign Currency Loans, Suppliers’ credit etc.,
• Prompt, speedy and efficient opening of Import Letters of Credit.
• Speedy processing of import documents.
• Weekly newsletter on currency and interest rates and trends in the foreign currency markets(on request).
  

• Collection of cheques, drafts and instruments in any convertible currency.
• Acceptance and payments of inward remittances in any convertible currency.
• Issue / encashment of foreign currency Travellers Cheques, Drafts, MTs, TTs and Currency Notes.
• Loan facility to students for undertaking courses abroad, as per the guidelines issued by Reserve Bank of India.
• Issuance of Inward remittance certificates, Encashment certificates.

All banking facilities relating to handling of deposit account of NRIs and other related services available at all our branches. For further details, please contact any of our authorised offices listed herein or at the following addresses :

Chief Manager
International Banking Department, Head Office,
Bangalore - 560 009
Tel: 91 80 22353901 to 22353909 ; 22353473.Extn 379; 22353456
Telex: 845 - 8362
Fax: 91 80 22283684
Email: cmibd@sbm.co.in