Specially designed for Forex Clients who do not enjoy Credit Limits

Who can open :
  • Exporters and importers who are not enjoying any credit limits
  • Customers having Forex remittance (Outward) business.
Which all branches can open Corp Global Current Account
  • All Designated Branches for foreign exchange Business (DBs) and other branches (Linked Branches)
  • Linked branches have to route their foreign exchange transactions through the DB linked to them
Variant Details
  • QAB – Rs. 1 lakh
  • QAB – Rs. 2.50 lakh
  • Rebate in service charges relating to export/import/remittance (Outward) transactions in two value slabs based on the QAB; i.e. transaction value up to USD 50,000 and transaction value above USD 50,000.
Features

QAB Rs. 1 lakh
Free Facilities
  • FIRC
  • BRC
  • NEFT
Facilities with Rebate in services Charges
  • Collection of Export Bill (ECFC/EBFP), Import Bill (IMCD/IMAR/IMDR) & Outward Remittance (ORTT) at Rs. 1000/- up to transaction value of USD 50,000

QAB Rs. 2.50 lakh
Facilities with Rebate in services Charges
  • Free Collection of Export Bill (ECFC/EBFP), Import Bill (IMCD/IMAR/IMDR) & Outward Remittance (ORTT) up to transaction value of USD 50,000
Free Facilities
  • FIRC
  • BRC
  • NEFT

Charges for Non-maintenance of QAB
  • Rs. 1000/- for variant 1
  • Rs. 2000/- for variant 2
Add On:
  • Facilities provided for Corp Club & Corp Privilege shall be extended to the above two variants
Note:
  • Transactions exceeding USD 50,000 are eligible for 50% concession on schedule charges.
  • The remittance towards capital account transactions, viz; ECB repayments, remittance under ODI etc. is outside the purview of this product.