| SlNo. |
Category of Advance |
Interest Rates (percent p.a.) |
| 1 a |
Pre-shipment Credit Upto 180 days |
Not exceeding 200 bps over LIBOR/EURO LIBOR / EURIBOR |
| b |
Beyond 180 days and upto 360 days |
Rate for initial period of 180 days prevailing at the time of extension plus
200 bps |
|
|
|
| 2 a |
Post-shipment Credit On demand Bills for transit period (as specified
by FEDAI) |
Not exceeding 200 bps over LIBOR/EURO LIBOR / EURIBOR |
| b |
Usance bills (for total period comprising usance period of export bills, transit
period as specified by FEDAI and grace period
wherever applicable) upto 6 months from the date
of shipment. |
Not exceeding 200 bps over LIBOR/EURO LIBOR / EURIBOR |
| c |
Export bills (demand or usance) realised after due date but upto date of crystalisation |
Rate for 2 (b) above plus 200 bps |
| 3 a |
Export Credit Not Otherwise Specified (ECNOS)Pre-shipment credit Post-shipment
credit |
Repayment of crystallised liability in Rupee shall be at the rate specified
for ECNOS under Rupee Export Credit – i.e
at BASE RATE + 10.5% from the date of crystallisation |
|
