A) Import related services & financial products
(1) Pre import service & finance
- Import related papers & documents checking as per IPO, Central Bank Guideline & UCPDC and arrange approval
- Import LC opening
- Fund arrangement
- Nominate foreign correspondent bank(s) for LC advising, negotiate & reimbursement.
(2) Post import service & finance
- Documentary Bill Checking, lodgment, Settlement, retirement by maintaining customs & Central Bank formalities & following UCPD
- Arrangement of approved fund by way of different product as PAD, LTR, LIM, IFBC etc. as proposed at the time of / before opening LC etc.
- Maintaining business Cycle
- All service charge, commission, rate of interest on fund are low and competitive
B) Export related services & financial products.
(1) Pre shipment service & finance
- Export LC Checking, & Advising
- Determination of related financial requirement
- Arrangement of raw materials for manufacturing / export by BG, BBLC, ILC, IFBC, LTR, LIM, etc.
- Pecking Credit / OD export are also provided when required (e) Arrangement of EDF & maintain up to settlement.
(2) Post shipment service & finance:
- Export document checking, Bill negotiation, FBP, IBP etc.
- Export Doc. Bill collection, FDBC, FBC
- Correspondence with paying bank for settlement of payment
- Maintaining ERQ Account etc. (e) Settlement of repatriated proceeds & advance payment against export
However, despite of above services & finance to the importer / exporter, our bank also provide excellent services against inward & outward remittance and also maintaining foreign currency accounts, of private Individual, Ltd Co. and for Multinational Joint Venture Co. Project, Foreign Co. & Grants, Investment, EPZ Co. etc.
Foreign Remittances:
(1) Inward :
Any person can remit money to Bangladesh through our 648 correspondent Banks or 79 exchange co. worldwide abroad to meet up their genuine & legal requirements. Commercial remittance other than import or export or maintaining deposit purpose by opening F.C. A/c and also for the purpose for settlement, FC encashment, Foreign Investment etc.
(2) Outward :
For miscellaneous purpose remittance, Life saving drug, student admission fee and educational expenses, passport endorsement, medical treatment, salary in foreign Currency etc., audited profit of Joint Venture Co. etc.
(3) Deposit or FC account maintaining :
- By opening FC account - FCAD, FCAP, FCAE, RFCD account, NFCD accounts for private to commercial and international reputed organization and Diplomatic & UN Official etc.
- Taka account NITA, Taka Account of diplomatic mission UN organization, Non profit international organization foreign connectors / Consultants etc. against F.C. A/c.