Interest Rate Ceiling on Rupee Export Credit - ആർബിഐ - Reserve Bank of India
Interest Rate Ceiling on Rupee Export Credit
RBI/2006-07/146
Ref. No. MPD.BC. 285/07.01.279/2006-07
October 11, 2006
Ashwina 19, 1928 (Saka)
To
All Scheduled Commercial Banks
Dear Sir/Madam,
Interest Rate Ceiling on Rupee Export Credit
At present, the ceiling on interest rates on pre-shipment rupee export credit up to 180 days and post-shipment rupee export credit up to 90 days is stipulated at BPLR minus 2.5 per cent. This dispensation is valid up to October 31, 2006.
2. It has been decided to extend the validity of the above dispensation up to April 30, 2007 (Annex).
3. Kindly acknowledge receipt.
Yours faithfully,
(M. D. Patra)
Adviser-in-Charge
Annex
| Category |
With effect from November 1, 2006 |
| Pre-shipment Rupee Export Credit Up to 180 days |
Not exceeding BPLR minus |
| Post-shipment Rupee Export Credit (a) On demand bills for transit period (b) Usance bills up to 90 days
|
Not exceeding BPLR minus Not exceeding BPLR minus |
BPLR : Benchmark Prime Lending Rate
Note :
1. Since these are ceiling rates, banks would be free to charge any rate below the ceiling rates.
2. Interest rates for the above-mentioned categories beyond the tenors as prescribed above are free.
ഈ പേജ് ഷെയർ ചെയ്യുക:
റിസർവ് ബാങ്ക് ഓഫ് ഇന്ത്യ മൊബൈൽ ആപ്ലിക്കേഷൻ ഇൻസ്റ്റാൾ ചെയ്ത് ഏറ്റവും പുതിയ വാർത്തകളിലേക്ക് വേഗത്തിലുള്ള ആക്സസ് നേടുക!
