* In terms of Gold import guidelines of FEMA, Authorized Dealers are permitted to extend loan under the agreed terms with the supplier of the gold.
* In tune with this, our Bank has also come out with its own scheme for financing the working capital requirements of importers of jewellery, exporters and domestic jewellery manufacturers as given below:
Import of gold for the purpose of export:
- The export has to be completed within a maximum period of 90 days from the date of release of gold on loan basis.
- The price of gold to be fixed within 180 days from the date of shipment.