SBI Exporters’ Gold Card Scheme

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SBI Exporters’ Gold Card Scheme

SBI Exporters’ Gold Card Scheme

Parameter Brief Information
Objective Hassle-free availability of export credit on best terms for creditworthy exporters with good track record
Eligibility criteria
  • (a) Our existing customers/new connections who fulfil the following criteria will be eligible for SBI Exporters Gold Cards: -
    • i. Accounts classified as ‘Standard Asset’ continuously for a period of last three years.
    • ii. No irregularities/ adverse features observed in the conduct of the accounts. However, occasional overdrawings should not be construed as an adverse feature.
    • iii. The exporter has not been blacklisted by ECGC and/or included in RBI defaulters’ list/caution list.
    • iv. The unit has not incurred losses during the past three years.
    • v. Overdue export bills of the unit are not in excess of 10% of the previous year’s turnover.
  • (b) Greenfield projects, may also be considered under the Scheme by the appropriate sanctioning authority on a case to case basis.
  • (c) In case of take-over of the account, the extant take over norms should be complied with, together with the other eligibility norms listed above.
Assessment of Credit Limit
  • i. Sanction and renewal of the limits under the Scheme is based on simplified procedure
  • ii. Standby limit of 20% will be sanctioned over and above the assessed fund based and non-fund based limits, to meet credit demands arising out of receipt of sudden orders etc.
Time Limit Time frame for disposal of applications:
- For disposal of fresh applications : 25 days
- Renewal of limits : 15 days
- Sanction of ad hoc limits : 07 days
Rate of Interest Competitive rate of Interest on Pre & Post Shipment Rupee/ Foreign Currency Export Credit.
Service Charges /ECGC Premium
  • Simplified Service Charges structure for Export Credit Customers. Based on value of account further concession in Service charges may be provided at the Bank’s discretion.
  • Exemption from ECGC guarantee in deserving cases at the Bank’s discretion.
Benefits to Exporters
  • Better terms of credit
  • Simplified Applications process
  • Faster processing of applications
  • Limits sanctioned for 3 years with renewal subject to fulfilment of the terms and conditions of sanction
  • Preference for grant of packing credit in foreign currency (PCFC)
  • Provision for concessions in Interest Rates
  • Standby limit for meeting exigencies

For details please contact SBI Forex/Trade Finance branch nearest to you.


Last Updated On : Monday, 06-01-2020

Interest Rates

8.40%* p.a.

w.e.f. 01.09.2023

*T&C Apply.

 

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