Rupee Export Credit Interest Rates Extended Till April 2006

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No.83 / 04.02.01/ 2004-05 dated April 29, 2005 on the captioned subject. 2. The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto April 30, 2006. In this connection, you may please refer to RBI circular No. MPD.BC.276/ 07.01.279/2005-06 dated October 28, 2005 . The rates of interest applicable have been incorporated in the Annex to the Directive DBOD No.BC.42/13.07.01/2005-06 dated November 2, 2005 enclosed to this circular. 3. Please acknowledge receipt. Yours faithfully, ( Amarendra Mohan) Chief General Manager DIRECTIVE DBOD.BC.No. 42/13.07.01/ 2005-06 November 2, 2005 Interest Rates on Advances In exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, the Reserve 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 1, 2005, the interest rates on rupee export credit would be as indicated in the Annex enclosed to this Directive. (Usha Thorat) Executive Director ANNEX Interest Rates on Rupee Export Credit of Scheduled Commercial Banks Categories of export credit Interest Rates@ (Per cent per annum)   Effective from November 1, 2005 to April 30, 2006 1. Pre-Shipment Credit   (a) (i)Upto 180 days Not exceeding BPLR minus 2.5 percentage points (ii) Beyond 180 days and upto 270 days Free* (b)Against incentives receivable from Government covered by ECGC guarantee upto 90 days Not exceeding BPLR minus 2.5 percentage points 2. Post-Shipment Credit   (a)On demand bills for transit period (as specified by FEDAI) Not exceeding BPLR minus 2.5 percentage points (b)Usance Bills (for total period comprising usance period of export bills, transit period as specified by FEDAI and grace period wherever applicable) (i) Upto 90 days (ii)Beyond 90 days and upto 6 months from the date of shipment (iii)Upto 365 days for exporters under the Gold Card Scheme Not exceeding BPLR minus 2.5 percentage points Free* Not exceeding BPLR minus 2.5 percentage points. (c) Against incentives receivable from Government( covered by ECGC guarantee) upto 90 days Not exceeding BPLR minus 2.5 percentage points (d) Against undrawn balances (upto 90 days) Not exceeding BPLR minus 2.5 percentage points (e) Against retention money (for supplies portion only) payable within one year from the date of shipment (Upto 90 days) Not exceeding BPLR minus 2.5 percentage points 3. Deferred Credit   Deferred credit for the period beyond 180 days Free* 4. Export Credit Not Otherwise Specified (ECNOS)   (a) Pre-shipment credit Free* (b) Post-shipment credit Free* @ Since these are ceiling rates, banks would be free to charge any rate below the ceiling rates. BPLR: Benchmark Prime Lending rate * Banks are free to decide the rate of interest, keeping in view the BPLR and spread guidelines. 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December Top Back to previous page More Links Bank Holidays Banking Glossary Citizen's Charter Complaints Contact Us COVID-19 Measures E-LMS Events FAQs Financial Education Forms IFSC/MICR Codes Important Websites Opportunities @ RBI RBI Clarifications RBI Kehta Hai RBI’s Vision and Values (1257 kb)--> Right to Information Act Tenders Follow RBI RSS Twitter YouTube Instagram Facebook LinkedIn © Reserve Bank of India. 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Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2005-06/195 · issued 02 Nov 2005. The plain-English explanation above is BankPulse’s own independent summary.

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