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Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit

RBI - RBI/2015-2016/259 DBR.Dir.BC.No.62/04.02.001/2015-16 - Dated:- 4-12-2015 - RBI/2015-16/259 DBR.Dir.BC.No.62/04.02.001/2015-16 December 4, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, The Government of India has announced .....

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cedure for passing on the benefit of interest equalisation to exporters: i. For the period April 1, 2015 to November 30, 2015, banks shall identify the eligible exporters as per the Government of India scheme and credit their accounts with the eligib .....

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ovided by Government of India. iii. The interest equalisation benefit will be available from the date of disbursement up to the date of repayment or up to the date beyond which the outstanding export credit becomes overdue. However, the interest equa .....

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ursement claim for the period April 1, 2015 to November 30, 2015 for the amount of interest equalisation already passed on to eligible exporters should be submitted to RBI by December 15, 2015. ii. The sector-wise consolidated monthly reimbursement c .....

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