Export Solutions
- Pre-Shipment exports finance.
- Post-Shipment exports finance.
- Export Bill for collection.
- Advance against Export.
- Export letter of credit advising.
Pre-Shipment Exports Finance
- DCB Bank extends pre-shipment export finance to you against confirmed order or L/C. This helps you to procure, manufacture, process and package your export consignment.
- Ensures you meet the delivery timeline of your exports.
- Financing is available both in INR and in major foreign currencies.
- Concessional interest rate available up to a maximum period of 360 days, subject to conditions.
- Running account facility is available.
- Faster processing of transactions.
- Documentation assistance from our trade experts.
Post-Shipment Exports Finance
- DCB Bank helps you to extend credit to your overseas buyer without hampering your cash flow by financing your export sales receivables.
- Various credit options available are.
- Negotiation of export bills under Letters of Credit.
- Purchase / Discount of export bills not under L/C.
- Rupee Advances against export bills sent on collection.
- Advances against deemed exports.
- Export Bill Rediscounting in Foreign Currency.
- Credit available in INR as well as in Foreign Currencies.
- Credit extended at competitive rates.
- Maximum credit period allowed as per extant RBI directive.
- Finance available up to 100% of the bill of exchange value.
- We check your documents thoroughly for compliance of L/C terms, before forwarding the same to the bank issuing the L/C.
- Faster processing of transactions.
Export Bill for Collection
- Present your export documents to us and we will forward them to your buyer’s bank in an expeditious manner.
- Documents will be released to your buyer only upon payment or against acceptance to make payment on due date.
- DCB Bank will follow up to collect your payment and credit the same to your account.
- This will help you gain increased control over your export receivables.
- We avail the services of reputed and trusted courier agencies with online tracking facility for handling your original export documents.
- We shall follow up rigorously with your buyer’s bank overseas for receipt of your payments on time.
- You are assured of greater payment security as compared to open account system as the documents will not be released by the buyer’s bank pending payment or acceptance to make payment.
- More cost effective than a letter of credit.
Advance against Export
- Ensures receipt of your export payment in part or full, thereby giving you significant control over your export transaction.
- Recommended mode of payment when you are dealing with a new overseas client.
- DCB Bank facilitates receipt of such funds and ensures faster credit to your account.
- Documentation assistance from our trade experts.
- Faster processing of transactions.
- Competitive pricing and exchange rates.
Export Letter of Credit Advising
- Your overseas importer client issues an export L/C in your favour.
- The L/C is received by us through SWIFT mechanism.
- We ensure export L/Cs issued are advised to you faster through the most expeditious means.
- Robust SWIFT network of more than 350 bank branches worldwide facilitating direct transmission of L/C to DCB Bank for faster advising.
- Export L/C is checked for authenticity to ensure safety of your transaction and security of your payment.
- Our trade experts can help you understand L/C terms better so as to enable you to prepare L/C compliant documents.
- We can also confirm your L/C subject to terms and conditions.
- We can negotiate your L/Cs advised at very competitive pricing.
EEFC Account
- DCB Bank EEFC account is just the right solution for you, if you regularly receive and make payments in foreign currency.
- It helps you retain your FX earnings in the same currency to make future outward FX remittances, thus protecting your FX earnings from exchange rate fluctuations and minimizing your conversion or transaction costs.
- EEFC accounts can be opened in any freely convertible currency. The major currencies are - USD, EUR, GBP, AUD, CAD.
- Credit 100% of your foreign exchange earning to this account.
- Can hold the funds in the EEFC account for a maximum period of up to 2 months.
- Booking a forward contract for the EEFC conversion to operative account in INR will protect you from foreign exchange rate fluctuations.
- Enjoy preferential rates at the time of conversion.
Remittances
Fund Transfers have never been so easy.
Remittances involve individuals/non-individuals sending money internationally through a straightforward process. The sender initiates the transfer by providing the recipient details and the amount to be sent. The bank verifies the sender's identity and ensures compliance with regulations before electronically transferring the funds.
If needed, the receiving bank converts the funds into the local currency. Once received, the recipient is notified, and they can access the money through their bank account or designated pickup locations. This process ensures secure and efficient cross-border transactions, supporting families and economies globally.
Now send money to your DCB Bank account from anywhere in the world with international money transfers. It's a fast and convenient process that ensures your funds reach your DCB account securely and quickly, allowing you to manage your finances no matter where you are.
Simply visit your DCB Bank branch and instruct them to credit your account through the correspondent banks.
DCB Bank facilitates both outward and inward remittance in 10 major currencies, across the globe, for all your current and capital account remittances in foreign currency.
Outward Remittances
With DCB Bank’s outward remittance services you can remit funds to any part of the world through Telegraphic Transfer using our robust correspondent bank network or by issuance of a Foreign Demand Draft for any permissible transaction.
- Remit up to US$25000
- Trasnfer at Zero fees
- Remit from any bank account in India
- No need to visit branch
Register on DCB Remit and book your transaction
Inward Remittances
We ensure your funds remitted from any part of the globe in INR and 12 major foreign currencies are received and credited into your account in minimal time. Our strong correspondent banking network ensures secured processing of your transaction through SWIFT mechanism and faster credit into your account.
Collection of Foreign Cheques
You may present your foreign cheques received in USD,EUR,GBP,JPY,AUD,CHF to DCB Bank for collection of funds. We arrange for speedy collection of funds to your account.
List of Correspondent Banks
Please refer to the SWIFT codes below and account details for the listed correspondent banks.
(Available in 10 currencies, namely USD, EUR, GBP, CAD, JPY, CHF, DKK, NOK, SAR, AUD & AED)
| Currency | Bank | Account details |
|---|---|---|
| USD | Bank Of New York Mellon, New York, USA | Account Number - 8900405570 |
| SWIFT CODE: IRVTUS3N | ||
| ABA Routing: 021000018 | ||
| USD | Standard Chartered Bank New York, USA | Account Number - 3582026646001 |
| Chips ABA: 0256 | ||
| Fedwire ABA: 026002561 | ||
| SWIFT Code: SCBLUS33 | ||
| GBP | Standard Chartered Bank London, UK | Account Number - 01270101401 |
| IBAN: GB12SCBL60910412701014 | ||
| SWIFT Code: SCBLGB2L | ||
| Sort Code: 60-91-04 | ||
| EUR | Standard Chartered Bank Frankfurt, Germany | Account Number - 018297310 |
| IBAN: DE64512305000018297310 | ||
| SWIFT Code: SCBLDEFX | ||
| EUR | ICICI Bank UK Plc Frankfurter Strasse 27, Eschborn 65760, Germany | Account Number: 0000522838 |
| IBAN: DE30501201000000522838 | ||
| Swift Code: ICICDEFFXXX | ||
| JPY | Bank of India, Tokyo Japan | Account Number - 2005-50 |
| SWIFT Code: BKIDJPJT | ||
| CHF | Account With: The Bank Of New York Mellon (Bony), New York, USA | DCB Bank Account Number with BoNY - 8033002751 |
| SWIFT Code: IRVTUS3N | ||
| Intermediary Bank: Credit Suisse Zurich, Switzerland | BoNY Account Number with Credit Suisse-CH3904835098464083000 | |
| SWIFT Code: CRESCHZZ80A | ||
| SAR | Bank Al Jazira Riyadh, Saudi Arabia | Account Number - 0990-050115-001 |
| IBAN NO. SA076000990050115001 | ||
| SWIFT CODE : BJAZSAJE | ||
| AUD | Australia And New Zealand Banking Group Ltd (ANZ Bank), Melbourne, Australia | Account Number - 920421/00001 |
| BSB: 013024 | ||
| SWIFT Code : ANZBAU3M | ||
| CAD | The Bank Of New York Mellon, 240 Greenwich Street, New York, NY 10286, USA | Our CAD Account Number - 8033059885 |
| SWIFT Code: IRVTUS3N | ||
| AED | Mashreq Bank, Dubai, UAE | Account Number - 0195510366 |
| SWIFT Code: BOMLAEAD | ||
| IBAN : AE340330000010195510366 | ||
| AED | Abu Dhabi Commercial Bank (ADCB) Main Branch, Sheikh Zayed Street, P. O. Box: 939, Abu Dhabi, UAE | Account Number - 11422146920002 |
| SWIFT Code: ADCBAEAA | ||
| AE700030011422146920002 | ||
| SGD | DBS Bank Ltd, Treasury And Markets Operations,10 Toh Guan Road, Level 4A, Jurong Gateway, Singapore, 608838 | Account Number - 037-003731-1 |
| SWIFT Code: DBSSSGSG |
Forward Contract
Forward contract is a mechanism through which exchange rate is fixed in advance for purchase or sale of foreign currency at a future date. You can book forward contracts with us to hedge your exchange rate risk inherent in various foreign exchange transactions. As an exporter you will be able to calculate the amount realizable on your export of goods in home currency. Similarly as an importer you can determine the future cost of your imports in home currency.
- Competitive exchange rates.
- Easy tracking of your forward contract outstandings.
- Better working capital fund management.
- Foreign exchange market advisory by forex experts.
Import Solutions
- Advance Import Payment.
- Direct Import Payment.
- Collection Bills.
- Letter of Credit.
- Trade Credit.
Advance Import Payment
- Remit payment of your import consignment in advance to your supplier.
- Gives you the opportunity to negotiate for better pricing with your supplier.
- Less transaction cost compared to L/C or Collection Bills.
- Documentation assistance from our trade experts.
- Faster processing of transactions.
- We arrange for status reports of your suppliers, thereby reducing risk of goods delivery.
- Competitive pricing and exchange rates.
Direct Import Payment
- Remit payment only after taking full delivery of the goods.
- You have complete control over your import transactions.
- You get automatic credit period extended by the supplier for making payments.
- Satisfaction regarding quality and quantity of goods.
- Less transaction cost compared to L/C or Collection Bills.
- Documentation assistance from our trade experts.
- Faster processing of transactions.
- Competitive pricing and exchange rates.
Collection Bills
- Most popular method of payment in international trade. The seller forwards the shipping documents to you through your banker, against which you make the payment of your import consignment.
- DCB Bank is your trusted agent for handling your shipping documents and completing your trade settlement seamlessly.
- DCB Bank intimates you regarding arrival of your shipping documents at the bank’s counters through the most expeditious means.
- Seamless release of your original documents.
- Less transaction cost compared to L/C.
- Documentation assistance from our trade experts.
- Faster processing of transactions.
- Competitive pricing and exchange rates.
- Booking a forward contract for the import bill payment which protects you from foreign exchange rate fluctuations.
Letters of Credit
- This is just the right product for you if you wish to exercise control over the quality, quantity and timely delivery of your goods purchased.
- DCB Bank commits to make payments under the L/C to your supplier, subject to L/C terms and conditions being fulfilled.
- This is also a globally accepted financing instrument issued in favour of your supplier.
- This instrument empowers you to negotiate for better pricing with your supplier.
- Comprehensive guidance from our trade experts on the terms and conditions to be specified in the L/C.
- Structuring L/C instrument as per your business requirement.
- Documentation assistance from our trade experts.
- Arranging status reports of your overseas suppliers.
- Faster processing of transactions.
- Robust network of correspondent banks worldwide to advise your L/Cs faster.
- Issuance of Regular L/C, Revolving L/C, Standby L/C, etc. as required by you, for both capital and non – capital goods as well as services.
- Competitive pricing and exchange rates.
- Booking a forward contract for the import bill payment will protect you from foreign exchange rate fluctuations.
Trade Credit
Do you or your overseas supplier need to avail credit against your import transaction?
We have just the right products for you.
Buyers’ Credit
We can address funding gaps in your trade cycle by arranging buyers’ credit for your import payments at very competitive ARR linked rates.
Suppliers’ Credit
We also arrange for suppliers’ credit against our L/Cs at the location of your exporter customers through our strong network of correspondents.
- DCB Bank issues letter of undertaking on your behalf against which a foreign lender extends buyer’s credit.
- You get an extended credit period for making the payment.
- Negotiate with your exporter on sight basis and get a better pricing. Thereafter avail buyer’s credit.
- Avail such import financing for your L/C, collection or open account transactions.
- Financing available at competitive ARR linked interest rates.
- Our trade experts make complex documentation easy for you.
- Faster processing of transactions.
- Booking a forward contract for the loan repayment will protect you from foreign exchange rate fluctuations.
Trade Current Account
DCB Trade Current Account provides a composite banking solution by offering a current account with differential pricing on foreign and specific trade services based on the commitment of trade volumes. It is available in three variants based on the Quarterly Trade Volume (QTP) in USD equivalent.
The variants are:
- DCB Premium Trade Current Account - QTP up to USD 25,000.
- DCB Gold Trade Current Account - QTP between USD 25,001 and USD 150, 000.
- DCB Platinum Trade Current Account - QTP >= USD 150,000.
- No average quarterly balance to be maintained.
- Special reduced charges based on your quarterly transactional volume.
- Autosweep facility to Fixed Deposit.
- Personalised payable at par cheque book.
- Free Inward NEFT.
- Free International Debit Card.
- Free Mobile Banking App.
- Free Internet Banking.
DCB Customer Care
Follow us on
Download DCB Mobile Banking App
