Products Offered

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