| 1. Foreign Current Account |
| Features: |
Current account in USD, Euros or GBP. |
Account can only be funded from offshore sources. |
Can be opened individually or in joint names. |
Monthly statements. |
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| Benefits: |
Ability to receive foreign denominated remittances |
Easy access to cash in account |
Enhances ability to transact business with foreign partners. |
Ability to remit monies outwardly subject to Forex restrictions |
Competitive interest rate |
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| Mode Of Operation : |
Available as a current account with specialized Cheques after meeting KYC requirement |
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| 2. Foreign Exchange Account |
| Features: |
Current account in USD, Euros or GBP. |
Funded from internal sources |
Monthly statements. |
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| Benefits: |
Ability to save locally generated foreign currency |
Easy access to cash in account |
Ability to transact business with foreign trading partners. |
Competitive interest rates |
Ability to remit money outwardly subject to Forex restrictions |
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| Mode Of Operation: |
Available as a forex account after meeting KYC requirements |
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| 3. Foreign Remittances Current Account |
| Features: |
Inward & Outward Transfers |
Transactions in wide range of currencies - major currencies USD, GB GBP, Euro, etc. |
Charges are levied on transfers - Foreign Outward Transfers. |
Variety of methods - cable, telex, SWIFT. |
Transfer messages are tested (coded) to confirm their authenticity. |
Options of collecting cash or account being credited. |
Competitive Exchange rates are quoted for foreign transfers. |
Transfers can be made payable to a specific person or company for exact amounts. |
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Flexible - variety of currencies. Customers can benefit from our favourable competitive rates. |
Fast, speedy and efficient service: Transfer to any country in the world at short notice. |
Customized made-to-measure solutions to individual goals, aspirations and needs. |
Safe and Convenient. |
Customer does not need to shop around. |
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| Mode Of Operation |
| Inward Transfers |
Customer's account credited |
Exchange control regulation applied |
Swift means of receiving funds |
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| Outward Transfer |
Customer's account debited. |
Exchange control regulation applied. |
Swift means of payment |
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