Overview
IndusInd Bank offers a wide range of Trade Services to suit specific requirements and structure solutions for your business needs. The bank has a correspondent banking relationship with over 200 banks which are spread across the globe to facilitate cross-border trade and payment-related services.
IndusInd Bank has dedicated professionals who are specialized in Trade & Foreign Exchange Services to provide you with exclusive advisory services ensuring smooth processing of all your transactions.
Benefits of Trade & Forex Service
Dedicated Trade Desk Manager*
Competitive Trade Charges
Faster Payments
Quick Turn Around Time
Advisory Services
For schedule of charges, Click here
*At select locations
Product for Importers
IndusInd Bank offers a wide range of import services delivered by our experienced trade team who will ensure your transactions are handled efficiently, smoothly and without delay.
We issue Import Letters of Credit on your behalf that give you an advantage with your suppliers. The ability to provide timely information shared online can help speed up the shipment of goods. The team of experts at IndusInd can help you prepare import L/Cs and advise on the best ways to ensure that your suppliers meet your terms.
The Import Collections are a common and flexible method of payment for goods purchased from your suppliers abroad. This requires careful and accurate attention to bills of exchange, stamping requirements on the bill of exchange, bills of lading and other documents. We act as a trusted third party for handling shipping documents and provide intermediary services to facilitate trade settlement with quick turnaround and competitive bank charges.
The FEMA allows you to receive Import Documents directly from the overseas supplier subject to certain conditions. IndusInd Bank ensure quick and efficient settlement of your direct imports leveraging our SWIFT tie-ups with our vast corresponding bank network.
Whenever you want to make any advance payment to your supplier overseas, we can advise you on various provisions in FEMA relating to advance payments and assist you remit funds efficiently and faster to your supplier at competitive rates.
In many cases, IndusInd can offer interest rate arbitrage opportunities to take benefit of lower interest rates in overseas markets. Using our wide network of correspondent banking relationships, we can arrange for financing your import requirements by way of buyer’s credit* at competitive rates.
We issue Bank Guarantees in Foreign Currency on behalf of Importers for all approved purposes as defined under FEMA, subject to availability of credit limits or against 100% cash margin.
*conditions apply
Product for Exporters
IndusInd Bank offers a wide range of export services designed to assist you in building on your strengths so that your company can seize new business opportunities around the world. Exporters can face significant risks when they undertake international trade, not least the fear of delay or non-payment. Whether you are a new or long-established exporter, IndusInd Trade Services can help you in reducing risks, thus allowing you to focus on growing your export business.
For exporters, export bill collections is a more secure option than trading on open account terms because the shipping document will be delivered to the importer only against payment or acceptance to pay on the due date. Routing your bills through us ensures that you realize your export proceeds with fewer delays gaining increased control over export receivables and efficient cash flow management. We ensure prompt efficient and timely dispatch of your documents through our tie-up with internationally reputed Courier agencies.
Using our wide network of correspondent bank you can receive funds in your account with us and we will ensure effective & fast credits at competitive rates.
A documentary credit (LC) opened by the overseas importer's bank, will be checked for authenticity and couriered across to your doorstep. We can explain complex LC terms to help you prepare your documents easily and error-free.
When you are not comfortable with the credit standing of an LC opening bank or if you are worried about the political climate or credit risk of the buyer's country, we are there to assist you with our LC confirmation services. Once we add our confirmation, you are assured of payment, subject to documents being as per L/C terms & conditions, even in the case of non-payment by the L/C opening bank.
We can discount your export bills at competitive rates upon receipt of acceptance from the L/C Issuing or Confirming Bank. The discounting would be subject to compliance with the bank’s internal process and policy requirements.
*Conditions apply
Forex Services
Managing effectively your foreign exchange fluctuations risk is today the most essential aspect of cross border business.
IndusInd brings you a host of advantages without any hidden charges and a dedicated Relationship Manager to guide you on all your cross border transactions including spot foreign exchange, forward contracts, and derivatives solutions.
IndusInd gives you access to a wide range of unique benefits, services, business intelligence, advisory services and concessional charges that are normally enjoyed by large corporations.
IndusInd offers:
- Active dealings in the inter-bank market for major currencies, spot and forwards
- Quick and competitive dealing in prices in major currencies
- Customized solutions for specific client exposures
- Online platform for Forex rates
- Early credits to your account
- Established correspondent banking relationships
Fx Retail - Online Platform
- Reserve Bank of India (RBI) in its ‘Statement of Development and Regulatory Policies’ dated October 4, 2017, had stated the need for market-based, transparent pricing access for Retail users. Clearing Corporation of India (CCIL) has facilitated this through a web-based order-matching trading platform, FX Retail.
- FX Retail is an online platform for anonymous, order-based dealing in USDINR (Cash/Tom/Spot).
- Buyers and sellers can view live market rates and place orders, which will be matched automatically based on price-time priority.
- IndusInd Bank will act as the settlement bank for the customer and will process the transaction upon deal ticket generation.
- Register for FX Retail by visiting https://www.fxretail.co.in/#/login. Select IndusInd Bank as the Relationship Bank and provide relevant details.
- For more information, visit www.ccilindia.com
Derivatives
IndusInd Bank through its derivative desk provides expertise in the risk management market of financial derivatives*, protecting businesses against global currency and price fluctuations using tools such as forwards, swaps and options at a minimal cost.
IndusInd has a strong risk advisory platform and on-the-ground local expertise providing expert advice on the use of FX derivatives allowing you to concentrate on your core competency, be it manufacturing or selling, while we take care of the risk.
*Bank will examine the suitability and appropriateness of the derivative structure and be satisfied with the financial soundness of the client.
