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