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:::::::::::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:
-
Collection
of bills both Documentary and
Clean.
-
Advising
/ confirming of L/Cs opened by
Indian / Foreign Banks.
-
Discounting
of Bills drawn under L/Cs as well
as outside L/Cs.
-
Maintenance
of foreign currency accounts (Nostro
in US$, Euro, GBP at New York,
Brussels and London respectively)
for settlement of transactions.
-
Making
foreign currency payments/
remittance on behalf of customers
of Indian Banks.
THE
KALUPUR COMMERCIAL CO-OPERATIVE BANK
LIMITED offers an excellent service
with competitive charges to other
Banks for providing the Correspondent
Banking Services.
For
further details, please contact the
THE KALUPUR COMMERCIAL CO-OPERATIVE
BANK LIMITED Branch nearest to you.
::::::::::::::Trade
Finance
THE KALUPUR COMMERCIAL CO-OPERATIVE
BANK LIMITED is very active in
financing of Usance post sales
international trade bills by way of
discounting of the same.
The
bills under the L/Cs of the most of
the Indian Banks in abroad as well as
International Banks can be discounted
at competitive rates.
::::::::::::International
Treasury
THE KALUPUR COMMERCIAL CO-OPERATIVE
BANK LIMITED has a strong presence in
the Treasury Market in India and
undertake the Forex treasury
operations on behalf of the customers.
The Forex treasuries is equipped
with state of art technology, highly
experienced and motivated staff with
professional skills. IBBD deals in all
the major international currencies
i.e. US$, GBP, Euro, Yen as well as
other currencies. IBBD undertakes the
following treasury related activities:
-
Forex
Inter Bank Placements/ Borrowings
-
Sale
& Purchase of currency on
behalf of customers
-
Forward
Cover Bookings
-
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
- 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.
- Transfer
/ Cable - Swift Transfer
Instruction
for Transfer Fund From Any where in
the country / Bank to India
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PAYMENT
INSTRUCTIONS FOR US$
PLEASE REMIT PROCEEDS TO
WACHOVIA BANK N.A., NEW
YORK
SWIFT TID: PNBPUS3NNYC
CHIPS ABA: 0509
FED ABA No:
026005092
FOR CREDIT TO A/C No. 2000193004979
of
THE KALUPUR COMMERCIAL
CO-OPERATIVE BANK LTD.
CHIPS UID No.427759
OUR SWIFT ID : KALUINAAXXX
For further credit
to______________________________________________
(Name
of Beneficiary) Account
No._____________________________with
_____________________
Branch
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PAYMENT
INSTRUCTIONS FOR GBP
PLEASE REMIT PROCEEDS TO
WACHOVIA BANK N.A., London,
United Kingdom
SWIFT Address: PNBPGB2L
IBAN : GB62 PNBP 1656 7107
1490 36
FOR CREDIT TO A/C No. 07149036
of
THE KALUPUR COMMERCIAL
CO-OPERATIVE BANK LTD.
OUR SWIFT ID : KALUINAA
For further credit
to______________________________________________
(Name
of Beneficiary) Account
No._____________________________with
_____________________
Branch
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PAYMENT
INSTRUCTIONS FOR EURO
PLEASE REMIT PROCEEDS TO
WACHOVIA BANK N.A., London,
United Kingdom
SWIFT Address: PNBPGB2L
IBAN : GB55 PNBP 1656 7107
1491 62
FOR CREDIT TO A/C No. 07149162
of
THE KALUPUR COMMERCIAL
CO-OPERATIVE BANK LTD.
OUR SWIFT ID : KALUINAA
For further credit
to______________________________________________
(Name
of Beneficiary) Account
No._____________________________with
_____________________
Branch
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PAYMENT
INSTRUCTIONS FOR JAP YEN
PLEASE REMIT PROCEEDS TO
WACHOVIA BANK N.A., JAPAN
TOKYO 103-0012
TOKYO
JAPAN
SWIFT ID
PNBPJPJX
Account No.
99952069
A/c. THE KALUPUR COMMERCIAL
CO-OPERATIVE BANK LTD
OUR SWIFT ID : KALUINAA
For further credit
to______________________________________________
(Name
of Beneficiary) Account
No._____________________________with
_____________________
Branch
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:::::::::::Outward
Remittance Facilities
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 )
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