Appendix Table I.3 : Interest Rates on Export Credit - ربی - Reserve Bank of India
Appendix Table I.3 : Interest Rates on Export Credit
(Per cent per annum) |
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Rates Effective |
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Export Credit |
May 5, |
May 26, |
October 29, |
April 1, |
August 6, |
April 30, |
January 1, |
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2001# |
2000 |
1999 |
1999 |
1998 |
1998 |
1998 |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
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1. |
Pre-shipment Credit |
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i) |
Up to 180 days |
< PLR-1.5 PP |
10.00 |
10.00 |
10.00 |
9.00 |
11.00 |
12.00 |
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ii) |
Beyond 180 days and up to 270 days |
< PLR+1.5 PP |
13.00 |
13.00 |
13.00 |
12.00 |
14.00 |
14.00 |
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iii) |
Against incentives receivable from Government |
< PLR-1.5 PP |
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covered by ECGC Guarantee up to 90 days |
10.00 |
10.00 |
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 specified by FEDAI) |
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< PLR-1.5 PP |
< 10.00 |
< 10.00 |
< 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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a) Up to 90 days |
< PLR-1.5 PP |
< 10.00 |
< 10.00 |
< 10.00 |
< 9.00 |
< 11.00 |
< 11.00 |
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b) Beyond 90 days and up to six months from |
< PLR+1.5 PP |
12.00 |
12.00 |
12.00 |
11.00 |
13.00 |
13.00 |
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the date of shipment |
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c) Beyond six months from the date of shipment |
- |
- |
- |
- |
- |
20.00* |
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(Min.) |
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iii) |
Against incentives receivable from Government |
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covered by ECGC Guarantee (up to 90 days) |
< PLR-1.5 PP |
< 10.00 |
< 10.00 |
< 10.00 |
< 9.00 |
< 11.00 |
< 11.00 |
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iv) |
Against undrawn balance (up to 90 days) |
< PLR-1.5 PP |
< 10.00 |
< 10.00 |
< 10.00 |
< 9.00 |
< 11.00 |
< 11.00 |
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v) |
Against retention money (for supplies portion only) |
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payable within one year from the date of shipment |
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(up to 90 days) |
< PLR-1.5 PP |
< 10.00 |
< 10.00 |
< 10.00 |
< 9.00 |
< 11.00 |
< 11.00 |
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3. |
Deferred Credit |
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Deferred credit for the period beyond 180 days |
Free |
Free |
Free |
Free |
Free |
Free |
Free |
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(FDA) |
(FDA) |
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4. |
Export Credit, not otherwise specified |
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a) |
Pre-shipment credit |
Free |
Free |
Free |
Free |
Free |
Free |
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b) |
Post-shipment credit |
Free @ |
25.00 |
Free |
20.00 |
20.00 |
20.00 |
20.00* |
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(Min.) |
Min.) |
(Min.) |
(Min.) |
(Min.) |
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FDA From the date of advance. |
< Not Exceeding |
Min. Minimum. |
- : Not Applicable. |
* Chronic cases, i.e., overdues as on July 1, 1997 are exempted. |
PP Percentage points |
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# These are ceiling rates, banks would be free to charge any rate below the ceiling rate. |
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@ From 06.01.2001 onwards. |
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Note : 'Free' means banks are free to charge interest at rates decided by them keeping in view the PLR and spread guidelines. |
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