RATE OF INTEREST IN CASE OF RUPEE EXPORT CREDIT
1. RUPEE EXPORT CREDIT (RLLR BASED)
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A. PRE-SHIPMENT CREDIT
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Particulars
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Internal Risk Rating
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Effective Rate of Interest
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(i) Up to 270 days
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A1 to A4
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RLLR+0.45
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B1 , B2
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RLLR+0.65
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B3 and below
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RLLR+0.85
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(ii) Above 270 days and up to 360 days
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A1 to A4
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RLLR+0.55
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B1,B2
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RLLR+0.75
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B3 and below
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RLLR+0.95
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B. POST SHIPMENT
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Particulars
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Internal Risk Rating
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Effective Rate of Interest
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(i) On demand bills for transit period (as specified by FEDAI)
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A1 to A4
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RLLR+0.40
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B1 , B2
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RLLR+0.60
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B3 and below
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RLLR+0.80
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(ii) Usance Bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable). Up to 270 days.
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A1 to A4
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RLLR+0.50
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B1 , B2
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RLLR+0.70
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B3 and below
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RLLR+0.90
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A. PRE-SHIPMENT CREDIT
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Particulars
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Internal Risk Rating
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Effective Rate of Interest
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(i) Up to 270 days
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A1 to A4
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MCLR+0.40
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B1 , B2
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MCLR+0.65
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B3 and below
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MCLR+0.80
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(ii) Above 270 days and upto 360 days
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A1 to A4
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MCLR+0.50
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B1,B2
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MCLR+0.75
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B3 and below
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MCLR+0.90
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B. POST SHIPMENT
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Particulars
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Internal Risk Rating
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Effective Rate of Interest
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(iii) On demand bills for transit period (as specified by FEDAI)
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A1 to A4
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MCLR+0.25
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B1 , B2
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MCLR+0.40
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B3 and below
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MCLR+0.55
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(iv) Usance Bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable). Up to 270 days.
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A1 to A4
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MCLR+0.45
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B1 , B2
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MCLR+0.60
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B3 and below
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MCLR+0.75
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NOTE:
1. Exporters eligible under Interest Equalisation Scheme - MSME & Other category shall enjoy interest equalisation @ 5% and @ 3% respectively in the above rates till the validity of the scheme.
2. Exporters eligible under the Gold Card Scheme shall enjoy concession @ 0.25% in the above prescribed rates.
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3. OVERDUE BILLS MORE 180 DAYS AND ABOVE FROM THE DATE OF ADVANCE) (INTEREST TO BE CHARGED AFTER DUE DATE)
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RLLR+ 4.00 / 1 Year MCLR + 4.00
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4 DEFERRED CREDIT/ EXPORT CREDIT NOT OTHERWISE SPECIFIED (ECNOS)
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RLLR + 6.00 / 1 Year MCLR + 6.00
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