I.3 : Interest Rates on Export Credit - আরবিআই - Reserve Bank of India
I.3 : Interest Rates on Export Credit
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(Per cent per annum) |
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Rates Effective |
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Export Credit |
Apr. 1, |
Aug. 6, |
Apr. 30, |
Jan. 1, |
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1999 |
1998 |
1998 |
1998 |
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1 |
2 |
3 |
4 |
5 |
1. |
Pre-shipment Credit |
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i) |
Up to 180 days |
10.00 |
9.00 |
11.00 |
12.00 |
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ii) |
Beyond 180 days and up to 270 days |
13.00 |
12.00 |
14.00 |
14.00 |
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iii) |
Against incentives receivable from Government |
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covered by ECGC Guarantee up to 90 days |
10.00 |
9.00 |
11.00 |
12.00 |
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2. |
Post-shipment Credit |
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i) |
Demand Bills for transit period (as |
NE |
NE |
NE |
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specified by FEDAI) |
10.00 |
9.00 |
11.00 |
11.00 |
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ii) |
Usance Bills |
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(for total period comprising usance period |
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of export bills, transit period as specified by |
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FEDAI and grace period wherever applicable) |
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NE |
NE |
NE |
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a) Up to 90 days |
10.00 |
9.00 |
11.00 |
11.00 |
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b) Beyond 90 days and up to six months from |
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the date of shipment |
12.00 |
11.00 |
13.00 |
13.00 |
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iii) |
Against incentives receivable from Government |
NE |
NE |
NE |
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covered by ECGC Guarantee (up to 90 days) |
10.00 |
9.00 |
11.00 |
11.00 |
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iv) |
Against undrawn |
NE |
NE |
NE |
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balance (up to 90 days) |
10.00 |
9.00 |
11.00 |
11.00 |
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v) |
Against retention |
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money (for supplies |
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portion only) payable |
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within one year from |
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the date of shipment |
NE |
NE |
NE |
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(up to 90 days) |
10.00 |
9.00 |
11.00 |
11.00 |
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3. |
Deferred Credit |
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Deferred credit for the |
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period beyond 180 days |
Free |
Free |
Free |
Free |
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(FDA) |
(FDA) |
(FDA) |
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4. |
Export Credit not |
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otherwise specified |
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a) |
Pre-shipment credit |
Free |
Free |
Free |
Free |
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b) |
Post-shipment credit |
20.00 |
20.00 |
20.00 |
20.00 |
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(Min.) |
(Min.) |
(Min.) |
(Min.) |
FDA |
From the date of advance. |
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NE |
Not Exceeding |
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Min. |
Minimum. |
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Note |
:'Free' means banks are free to charge interest at rates decided by them. |