about_us_text

Forward Contracts

We offer forward contract booking facility for hedging import payments and export receivables in Foreign Currencies. Customers are required to contact Sydney Branch.

Collection of Clean Bill(s) / Cheque(s) payable at foreign centres

We can collect clean bills denominated in foreign currencies, through our correspondents in New York, London, Frankfurt etc. The rules governing the collection transaction are given on the back of the Application for Collection of Clean Bill(s) Payable in Foreign Countries / and Notice” . The customers are required to declare the required particulars pursuant to Article 3 of the “Law on reporting requirements on cross border payments and receipt for the tax law compliance”.