BRANCHES IN MAHARASHTRA, GUJARAT, NEW DELHI, UTTAR PRADESH, ANDHRA PRADESH,RAJASTHAN, MADHYA PRADESH, BIHAR, JAMMU & KASHMIR AND WEST BENGAL

FUND BASED FACILITIES

The Bombay Mercantile Co-op. Bank Ltd. offers Fund-based export credit facilities by way of Workng capital advance in the form of Packing Credit Loan for facilitating the Exporter clients in executing export orders on time.

The Packing Credit Loan facility is disbursed in : Indian Rupees At concesstional rate of interest

Post-shipment Export Finance: This is also working capital facility offered in the form of:

• Foreign Bills Purchase and
• Foreign Bills Negotiation under L/C
• Advance against Export bills sent on collection

The Foreign Bills Purchase and Foreign Bills Negotiation under L/C facilities are also disbursed in Indian Rupees At concessional rate of interest

EXPORT CREDIT FACILITIES

Export letters of credit received by us in exporter client's favour is advised promptly. The exporter client may instruct their Overseas Buyers to utilise our services for faster advising of export letters of credit. Our Bank also ensures prompt advising of amendment to the export letter of credit.

EXPORT BILLS ON COLLECTION BASIS

BMCB handles export bills on collection basis accurately and speedily. Documents are despatched for collection within 24 hours. Handling of export bills are subject to UCPDC/URC, FEMA Rules.

IMPORT CREDIT FACILITIES

The Bank offers Non Fund-based credit facilities by way of:
Import Letter of Credit Limit on D/P (Sight) as well as on Usance.

The Bank opens / establishes Import Letter of Credit in major permitted currencies in favour of Overseas Suppliers globally. Letter of Credits are advised through major International Banks. Arrangement is also made to add confirmation of Advising Bank to the Letter of Credit on request.

Reimbursement is readily provided to the Negotiating Bank as per L/C terms.

Similarly Inland Letters of Credit are also established.

Issuing Performance, Bid-Bond and other guarantee on behalf of Indian Exporters.

We have arrangements for issuance of International guarantees on account of exporters of goods and services.

Import Bill Received for Collection

We also handle import bills received on collection basis sent by Overseas Suppliers through a Bank on the basis of documents against payment or on acceptance.

We also have extensive global correspondent network for effecting payments against documents received directly by Importers, subject to FEMA.