International Banking – Products and Opportunities | JAIIB

May 15, 2021
international banking

International Banking services cater to the cross-border transaction needs of the customers. The importer and exporter of goods and services require banking services to send and receive payment for their merchandise/service in their respective home currencies.

International Banking Products

The various International Banking products and services are as follows:

  • Import Bill Collection Services
  • Direct Import Bills
  • Advance payments towards import
  • Import Letter of Credit
  • Buyer’s and Supplier’s Credit
  • Export Packing Credit
  • Export Bill Negotiation
  • Export Bill Purchase and Discounting
  • Bank Guarantees
  • Rupee Advance against Export Bills
  • Export LC Advising
  • Export LC Confirmation
  • Foreign Inward Remittance Services
  • Foreign Outward Remittance Services
  • EEFC Account Services

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