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Insurance cover for export to other countries
We provide various services for our customers, ranging from an Exchange Rate feed over Reuters, to online DGFT payments.
Bank extends FCL to Indian corporate to meet Working Capital requirements in substitution of WCDL and conversion of Rupee Term Loan to FCTL. . Working capital (FCL) for exporter/importer is provided for a period of 180 days.
Rate of interest is linked to ARR payable on monthly basis.
Union Bank of India provides importers Buyer’s credit from our overseas branches at Hongkong, Dubai, Sydney and our subsidiary at London against SBLC/Foreign Bank Guarantee issued by our bank. Rate of interest and commission charged are very competitive. Union Bank of India provides Buyer’s credit for Non Capital goods for 1 year and 3 years for import of capital goods
Domestic Foreign Business Office no. 28 2nd Floor, Mittal Chambers Jamnalal Bajja Road Nariman Point Mumbai-400021 PH No. : 022-22858301,022-22858326 Email: [email protected] , [email protected]