Interest Rates on Export Credit - ஆர்பிஐ - Reserve Bank of India
Interest Rates on Export Credit
(Per cent per annum) |
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Export Credit |
Rates Effective |
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January 01, 1998 |
April 30, 1998 |
August 06, 1998 |
April 01, 1999 |
October 29, 1999 |
May 26, 2000 |
January 06, 2001 |
May 05, 2001# |
Septem |
May 18, 2004 # |
May 01, 2006 # |
Nov. 2008 # |
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10 |
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1. |
Pre-shipment Credit* |
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i) |
Up to 180 days |
12.00 |
11.00 |
9.00 |
10.00 |
10.00 |
10.00 |
10.00 |
< PLR-1.5 PP |
< PLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
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ii) |
Beyond 180 days and up to 270 days |
14.00 |
14.00 |
12.00 |
13.00 |
13.00 |
13.00 |
13.00 |
< PLR+1.5 PP |
< PLR+0.5 PP |
Free |
Free |
< BPLR-2.5 PP ** |
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iii) |
Against incentives receivable |
12.00 |
11.00 |
9.00 |
10.00 |
10.00 |
10.00 |
10.00 |
< PLR-1.5 PP |
< PLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
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2. |
Post-shipment Credit* |
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i) |
Demand Bills for transit period (as specified by FEDAI) |
< 11.00 |
< 11.00 |
9.00 |
< 10.00 |
< 10.00 |
< 10.00 |
< 10.00 |
< PLR-1.5 PP |
< PLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
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ii) |
Usance Bills |
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a) |
Up to 90 days |
< 11.00 |
< 11.00 |
9.00 |
< 10.00 |
< 10.00 |
< 10.00 |
< 10.00 |
< PLR-1.5 PP |
< PLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
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b) |
Beyond 90 days and up to six months from the date of shipment |
13.00 |
13.00 |
11.00 |
12.00 |
12.00 |
12.00 |
12.00 |
< PLR+1.5 PP |
< PLR+0.5 PP |
Free |
Free |
< BPLR-2.5 PP ** |
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c) |
Beyond six months from the date of shipment |
20.00 $ |
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d) |
Upto 365 days for exporters nder the Gold Card Scheme |
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< BPLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
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iii) |
Against incentives receivable from Government covered by ECGC Guarantee (up to 90 days) |
< 11.00 |
< 11.00 |
9.00 |
< 10.00 |
< 10.00 |
< 10.00 |
< 10.00 |
< PLR-1.5 PP |
< PLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
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iv) |
Against undrawn balance (up to 90 days) |
< 11.00 |
< 11.00 |
9.00 |
< 10.00 |
< 10.00 |
< 10.00 |
< 10.00 |
< PLR-1.5 PP |
< PLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
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v) |
Against retention money (for supplies portion only) payable within one year from the date of shipment (up to 90 days) |
<11.00 |
<11.00 |
9.00 |
< 10.00 |
< 10.00 |
< 10.00 |
< 10.00 |
< PLR-1.5 PP |
< PLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
< BPLR-2.5 PP |
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3. |
Deferred Credit |
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Deferred credit for the period |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
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4. |
Export Credit, not otherwise specified |
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a) |
Pre-shipment credit |
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Free |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
@ |
@ |
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b |
Post-shipment credit |
20.00 |
20.00 |
20.00 |
20.00 |
Free |
25.00 |
Free |
Free |
Free |
Free |
@ |
@ |
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(Min.) |
(Min.) |
(Min.) |
(Min.) |
(Min.) |
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(Min.) |
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FDA : From the date of advance. Min. : Minimum. PLR : Prime Lending Rate. BPLR : Benchmark Prime Lending Rate. < : Not Exceeding. — : Not Applicable. PP : Percentage Points. |
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$ : Chronic cases, i.e., overdues as on July 1, 1997 are exempted. # : These are ceiling rates, banks would be free to charge any rate below the ceiling rate. * : Interest rates for the above-mentioned categories beyond the tenors as prescribed above are free effective May 1, 2006. @ : Banks are free to set own interest rates. ** : Rate of interest for packing credit effective from Nov 15, 2008 and for post-shipment credit effective from Nov 28, 2008 |
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Note : 2. The Government of India introduced interest rate subvention of 2 / 4 percentage points with effect from April 1, 2007 till Sepember 30, 2008, on pre- and post- shipment rupee export credit, for certain employment oriented export sectors as under: 3. The Government of India introduced a fresh scheme of interest rate subvention of 2 percentage points with effect from December 1, 2008 till March 31, 2009 on pre- and post- shipment rupee export credit, for certain employment oriented export 4. The Government of India, has further extended the interest rate subvention from April 1, 2009 up to March 31, 2010. |