Products Offered
- Documentary credits
- Documentary collections
- Import financing
- Export financing
- Guarantees
- Remittance facilities
- Travel related forex services
- Liberalized remittance Scheme
- NRI services
- Hedging for Exchange Risk
Letter of Credit:
- Imports letters of Credit
- Export LC Advising
Issuing Bank Guarantee:
- Bank of Maharashtra can issue the local guarantees against the counter guarantees of foreign Bank.
- Being state owned bank, its guarantees are accepted by all including government departments and other Public Sector Undertakings.
- Foreign Bank Guarantees are handled across the globe
Export credit
- Pre-Shipment Export Finance / Packing Credits are available in both INR and Foreign Currency
- Post-Shipment Export Finance / FOBN is available in both INR and Foreign Currency
- Interest equalization for selected sectors as per RBI guidelines
Documents under Collection:
- Export Bill under Collection
- Import Bill under Collection
Remittances:
- Inward Remittances.
- Outward Remittances
- Liberalized remittance Scheme for Individuals
Buyers’ Credit:
- Exchange Control Clearance
- SBLC/Bank Guarantee for availing Buyers’ Credit
RISK MANAGEMENT
- Forward contracts to hedge the exchange risk.
CAPITAL ACCOUNT TRANSACTIONS
Bank handles all Capital Account Transactions and ensure its FEMA compliances as per RBI guidelines
- Overseas Direct Investments (ODI)
- Foreign Direct Investments (FDI)
- External Commercial Borrowings (ECB)
For treasury related quaries,
Please contact:
Bank of Maharashtra
Treasury & international Banking Division
Apeejay House, 1st Floor, 130 Dr V B Gandhi Marg,
Fort, Mumbai-400 001 Mumbai INDIA
Phone : 022 22780316/17
Fax : 022 22780331