Rupee Export Credit Interest Rates-Extension of period of credit

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..... Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that, with effect from November 15, 2008 the interest rates on rupee export credit would be as indicated in the Annex enclosed to this Directive. ( Anand Sinha ) Executive Director ANNEX Interest Rates on Rupee Export Credit of Scheduled Commercial Banks Interest Rates eff .....

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..... incentives receivable from Govt. (covered by ECGC Guarantee) up to 90 days (d) Against undrawn balances (up to 90 days) (e) Against retention money (for supplies portion only) payable within one year from the date of shipment (up to 90 days) BPLR Benchmark Prime Lending Rate Note: 1. Since these are ceiling rates, banks would be free to charge any rate belo .....

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