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Rupee export credit

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RATE OF INTEREST IN CASE OF RUPEE EXPORT CREDIT

1. RUPEE EXPORT CREDIT (RLLR BASED)

A. PRE-SHIPMENT CREDIT

Particulars

Internal Risk Rating

Effective Rate of Interest

(i) Up to 270 days

A1 to A4

RLLR+0.45

B1 , B2

RLLR+0.65

B3 and below

RLLR+0.85

(ii) Above 270 days and up to 360 days

A1 to A4

RLLR+0.55

B1,B2

RLLR+0.75

B3 and below

RLLR+0.95


B. POST SHIPMENT

Particulars

Internal Risk Rating

Effective Rate of Interest

(i) On demand bills for transit period (as specified by FEDAI)

A1 to A4

RLLR+0.40

B1 , B2

RLLR+0.60

B3 and below

RLLR+0.80

(ii) Usance Bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable). Up to 270 days.

A1 to A4

RLLR+0.50

B1 , B2

RLLR+0.70

B3 and below

RLLR+0.90


A. PRE-SHIPMENT CREDIT

Particulars

Internal Risk Rating

Effective Rate of Interest

(i) Up to 270 days

A1 to A4

MCLR+0.40

B1 , B2

MCLR+0.65

B3 and below

MCLR+0.80

(ii) Above 270 days and upto 360 days

A1 to A4

MCLR+0.50

B1,B2

MCLR+0.75

B3 and below

MCLR+0.90


B. POST SHIPMENT

Particulars

Internal Risk Rating

Effective Rate of Interest

(iii) On demand bills for transit period (as specified by FEDAI)

A1 to A4

MCLR+0.25

B1 , B2

MCLR+0.40

B3 and below

MCLR+0.55

(iv) Usance Bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable). Up to 270 days.

A1 to A4

MCLR+0.45

B1 , B2

MCLR+0.60

B3 and below

MCLR+0.75

NOTE:

1. Exporters eligible under Interest Equalisation Scheme - MSME & Other category shall enjoy interest equalisation @ 5% and @ 3% respectively in the above rates till the validity of the scheme.

2. Exporters eligible under the Gold Card Scheme shall enjoy concession @ 0.25% in the above prescribed rates.

3. OVERDUE BILLS MORE 180 DAYS AND ABOVE FROM THE DATE OF ADVANCE) (INTEREST TO BE CHARGED AFTER DUE DATE)

RLLR+ 4.00 / 1 Year MCLR + 4.00

4 DEFERRED CREDIT/ EXPORT CREDIT NOT OTHERWISE SPECIFIED (ECNOS)

RLLR + 6.00 / 1 Year MCLR + 6.00

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