Bangladesh
State bank of India, consisting of six associate banks and SBI Commercial and International Bank Ltd., is engaged in the foreign trade business globally. We have an extensive network, with over 19000 branches and 173 foreign offices in 34 countries across the world to assure you that SBI office is closer to you, wherever you are, exporting to or importing from.
With the support of our huge global network we can assure you that our representatives are available to assist you worldwide. Our relationship manager with the trade professional is here to help you out. We are available to provide you advice on all aspects of your trade and can also provide you with working capital to assist in smooth functioning of your unit.
Our range of import services include:
A documentary credit (DC) is a guarantee of payment from your bank to your suppliers’ bank. A DC has specific terms and conditions that not only provides payment assurance to your suppliers, but also protects your interests and benefits:
Foreign import LC/ DC is allowed to open on sight or usance basis based on the nature and requirements of your business.
Local import LC/DC is allowed to open on sight or usance basis based on the nature and requirements of your business.
Import against your export LC/ DC is allowed to open for import of raw material for your industry in the sector of RMG and leather goods.
Documents required for opening of Import Letter of Credit (DC):
Import against letter of authorization form (lcaf) is allowed to open for import of journals, magazines etc and any allowed import materials for the amount of not more than usd 50,000.00 per annum.
Loan against trust receipt (ltr) facility is available for retirement of your document (release of goods) at a very attractive interest rate.
For more information, please contact:
Land Phone: +88-02-9553371, +88-02-9554251 ext. 127, 144
State Bank of India allows prompt advising of Export Letter of Credit from a wide international network of offices.
We provide pre – shipment finance in the form of export packing credit (PC) to assist cash flows for manufacturing or packing goods for export from Bangladesh. Export finance requirements are carefully undertaken by the bank on competitive interest rates with timely credit delivery
We negotiate export bills drawn under letter of credit, if the documents are found to LC terms compliant. State Bank of India facilitates its customers with foreign documentary bill purchase (FDBP), foreign documentary bill for collection (FDBC) and inland documentary bills purchase (IDBP) for export bill negotiation. All these facilities are provided at competitive rates and with world class service standards.
Export development fund services as per local regulators guidelines and interest rates are provided to the exporters for their smooth operations.
RTGS
BACPS/BEFTN
Fund transfer through ATM
Fund transfer from INB
