Services offered to Exporters

	Pre-shipment finance in foreign currency and Indian rupees
	Post-shipment finance in foreign currency and Indian rupees
	Handling export bills on collection basis
	Outward remittances for purposes as permitted under Exchange Control guidelines
	Inward remittances including advance payments
	Quoting of competitive rates for transactions
	Maintenance of Exchange Earners Foreign Currency (EEFC) accounts
	Assistance in obtaining credit reports on overseas parties
	Forfeiting for medium term export receivables

Services offered to Importers

	Establishment of Import Letters of Credit covering import into India and handling of bills under Letter of Credit
	Handling of import bills on collection basis
	Remittance of advance payment against imports
	Offering utilisation of PCFC ( pre-shipment credit in foreign currency) for imports
	Credit reports on overseas suppliers

Interest rates in respect of Export Credit

Exchange Earners Foreign Currency (EEFC) Deposits Scheme

The Exchange Earners Foreign Currency (EEFC) Deposits Scheme was started by RBI in the year 1992 with the introduction of Liberalised Exchange Rate Management System. Under this scheme, the recipient of inward remittances, exporters and other eligible bodies are allowed to keep a portion of their inward remittances / export proceeds in foreign currency with the banks in India which can later be utilised for permissible purposes.

PNB sets up connectivity with the Customs Deptt. for the benefit of exporters/importers

To provide efficient service to our importer/exporter clients, PNB has set up connectivity with the Customs Department to facilitate payment of custom duty and receipt of duty draw back by the importer/exporter clients through the electronic media. Under this system of Electronic Data Interchange (EDI), Custom Authorities process the shipping bills and also effect on line payment of duty draw back for exporters. Further, they undertake processing of Bill of Entry and deposit of custom duty for imports. This is a pilot project in the country successfully implemented at Indira Gandhi International Airport, Custom House branch of PNB. This has now been replicated at PNB's extension counters at Inland Container Depot, Tughlakabad, Delhi and Patpar Ganj, Delhi.