RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S1

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

55302556

Foreign Currency loans to Exporters-Periodicity of charging interest

RBI / 2004-05/ 324
DBOD. IECS. No. 66 / 04.02.02/ 2004-05

December 31, 2004

The Chairman / Chief Executives of all
Commercial Banks

Dear Sir

Foreign Currency loans to Exporters-Periodicity of charging interest

Please refer to paragraph (b) of our circular IECD. No. EFD.30/ 04.02.15/ 93-94 dated February 28, 1994 and also paragraph 1.1.5 (iv) of our Master Circular dated September 1, 2004 on Export Credit in Foreign Currency.

We advise that the paragraphs may be amended to read as follows:

'Banks may collect interest on PCFC at monthly intervals against sale of foreign currency or out of balances in EEFC accounts or out of discounted value of the export bills if PCFC is liquidated within the monthly rest for collection of interest.'

Yours faithfully

(A. Sreekumaran)
General Manager


RbiTtsCommonUtility

PLAYING
LISTEN

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

بھارت موبائل ایپلی کیشن کے ریزرو بینک کو انسٹال کریں اور تازہ ترین خبروں تک فوری رسائی حاصل کریں!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

یہ صفحہ مددگار تھا؟