:::::::::::International Business Banking Division

::::::::::::Foreign Currency Credits
The Foreign currency denominated credit facilities are granted to the Indian corporations in India.
Corporations interested in raising foreign currency funds in India and abroad may contact

International Business Banking Division
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED
‘Kalupur Bank Bhavan, Nr.Income Tax Circle,
Ashram Road, Ahmedabad : 380014.

Contact person: Asst. General Manager

Tel. No. : 0091-079-27543444
Fax : 00-91-079- 27543900
Email: forex@kalupurbank.com

Foreign Currency Loans In India (FCNR 'B' Loans)
The foreign currency denominated loans in India are granted against the foreign currency funds a bank has on account of FCNR(B) Deposit. These loans are commonly known as FCNR(B) Loans as per External commercial Borrowing (ECB) policy of Govt.of India.

:::::::::::::NRI Services
We continue to cherish our rich ethnic traditional values and culture, during our personal interface. Yet we are speedily repositioning ourselves in the e-millennium era of banking in India, to take care of your changing needs and expectations. Our information technology strategies are directed towards enabling us to provide you with a state of the art customer convenience, thereby facilitating a banking experience.

We understand you, the NRI's, your needs and immensely value your patronage and would like to extend to you our bouquet of products and services. We assure you the best possible banking experience and will ensure that your wealth continues to grow with us.

Eligibility - FOR NON-RESIDENT INDIANS ONLY

• Different meaning under different statutes

• FERA, 1973 and I.T. Act 1961 had different definitions

• Includes NRI and other non-resident foreign nationals

• NRI includes non-resident Indian nationals and also non-resident Persons of Indian origin

• Under FERA, emphasis in determining residential status was based on purpose of stay outside India and not on duration of stay outside India.

Definition of person resident in India as per new legislation, FEMA

• Earlier definition independent of period of stay

• Current definition dependent on both 'purpose of stay' and on 'period of stay' as defined in Chapter 1,Clause 2 of FEMA

Definition of NRI: Regulation 2(vi) of FEMA 5

• Person resident outside India, who is a citizen of India or is a person of Indian origin

• Indian citizens working abroad on assignment with Foreign Governments, Govt. agencies or in UNO and its affiliates IMF,IBRD etc. and Govt. officials (both central and state) and other officials of PSU's deputed abroad on assignments or posted abroad including Diplomatic Missions.

• Indian Students studying abroad are also treated as NRIs provided their stay abroad is for more than 182 days in the preceding financial year and their intention to stay outside India for an uncertain period when they go abroad for studies.

• Non-resident foreign citizens of Indian origin are treated on par with NRI citizens for the purpose of certain facilities

:::::::::::::Export Credit (Rs)

RUPEE EXPORT CREDIT (PRE-SHIPMENT AND POST-SHIPMENT) :

KCCB offers both pre and post shipment credit to the Indian exporters through Rupee Denominated Loans as well as foreign currency loans in India.

Exporters having firm export orders or confirmed L/C from a recognized Bank can avail the export credit facilities from KCCB provided they satisfy the required credit norms. The details of the credit norms can be obtained from the International Business Banking Division Head Office.

Rupee export credit is available for a maximum period of -180- days from the date of first disbursement. The corporates, if required can book forward contracts in respect of future export credit drawals.

EXPORT BILL REDISCOUNTING :

KCCB offers financing of export by way of bill discounting of export bills to provide post shipment finance to the exporters at competitive international rate of interest. The export bills (both Sight and Usance) can be purchased/ discounted provided they comply with the norms of the Bank/ RBI.

All exporters are eligible to cover the bills drawn under L/C, non-credit bills under sanctioned limits under the Bill discounting Scheme.

For further details, please contact the THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED Branch nearest to you.

::::::::::::::::::Import Finance

THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED provides various types of funding/ services to the importers for facilitating the imports in the country. The vast network of Bank's branches facilitate prompt & efficient services to the importers. All the facilities are subject to the prevalent rules of the Bank/ RBI guidelines.

The various facilities provided are:

• Collection of import bill.

• Opening of Import L/Cs (Sight/ DA)

• Financing of import by way of Foreign Currency Loans

• Issuing Guarantees etc. on behalf of importers.

COLLECTION OF IMPORT BILLS:

The import bills are collected through the IBBD HO, Ashram Road, Ahmedabad at very competitive rates. The Bank has correspondent relationship with reputed International Banks throughout the world and can provide the services to importers who may be importing from any part of the globe.

LETTER OF CREDIT:

THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED offers L/C facility for the purchase of goods in the international market.

With the Letter of Credit of THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED, importers can build up better trust/ confidence in their suppliers and develop other business relationship at a much faster pace.

The L/C facility can be granted to the importers after assessing their requirement/ credit worthiness/ financial strength and other parameters being to the satisfaction of the Bank.

BANK GUARANTEES:

THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED on behalf of importers/ other customers issues guarantees in favour of beneficiaries abroad. The guarantees can be both Performance and Financial.

For further details, please contact the THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED Branch nearest to you.

:::::::::::Correspondent Banking

The main services provided are:

1. Collection of bills both Documentary and Clean.

2. Advising / confirming of L/Cs opened by Indian / Foreign Banks.

3. Discounting of Bills drawn under L/Cs as well as outside L/Cs.

4. Maintenance of foreign currency accounts (Nostro in US$, Euro, GBP at New York, Brussels and London respectively) for settlement of transactions.

5. Making foreign currency payments/ remittance on behalf of customers of Indian Banks.
   

THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED offers an excellent service with competitive charges to other Banks for providing the Correspondent Banking Services.

For further details, please contact the THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED Branch nearest to you.

::::::::::::::Trade Finance

THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED is very active in financing of Usance post sales international trade bills by way of discounting of the same.

The bills under the L/Cs of the most of the Indian Banks in abroad as well as International Banks can be discounted at competitive rates.

::::::::::::International Treasury
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED has a strong presence in the Treasury Market in India and undertake the Forex treasury operations on behalf of the customers. The Forex treasuries  is equipped with state of art technology, highly experienced and motivated staff with professional skills. IBBD deals in all the major international currencies i.e. US$, GBP, Euro, Yen as well as other currencies. IBBD undertakes the following treasury related activities:

1. Forex Inter Bank Placements/ Borrowings

2. Sale & Purchase of currency on behalf of customers

3. Forward Cover Bookings

4. Cross Currency Swaps

The customers may contact the branch of their choice for further details.

International Business Banking Division

THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED
‘Kalupur Bank Bhavan’, Nr.Income Tax Circle,
Ashram Road, Ahmedabad : 380014.

Contact person: Asst. General Manager

Tel. No. : 0091-079-27543444
Fax : 00-91-079- 27543900
Email: forex@kalupurbank.com

:::::::::::Inward Remittance Facilities

• Inward Remittance: Remittance can be effected to India by any of the following means

1. A Demand Draft / Cashier's Check / Official Check drawn in Foreign Currency such as US Dollar / Great Britain Pound / EURO / Japanese Yen Purchased from banker abroad mail.
2. Transfer / Cable - Swift Transfer

Instruction for Transfer Fund From Any where in the country / Bank to India 

 :::::::::::Outward Remittance Facilities

• Outward Remittance : Remittance can be effected from India by any of the following means

       1. Swift Remittance, Demand Draft, TT etc

You can use modern made of sending money instantaneously electronically

Essential Details for 'SWIFT Remittance to India (From any Country / Bank )