"RAJBANK EXPORTERS GOLD CARD SCHEME"

1. OBJECTIVE OF THE SCHEME

To boost exports by offering export credit at competitive terms and conditions and better and efficient services, for exporters having good track record and emphasis on small and medium sector exporters.

2. ELIGIBILITY CRITERIA

Exporters with credit worthiness and good track record. Exporters whose accounts have been classified as `Standard' continuously for a period of 3 years and there are no irregularities/ adverse features in the conduct of the accounts.

Exporters in the medium and small sectors, who satisfy the above conditions, will also be eligible.

Exporters who are blacklisted by ECGC of India Ltd. or included in RBI's defaulter's list/ caution list or making losses for the past 3 years or having overdue export bills in excess of 10 percent of the current year's turnover, will not be eligible under Gold Card Scheme.

3. SANCTION OF CREDIT LIMITS

The time frame for disposal of applications received for sanction of credit under the Gold Card Scheme would be as under: -

a) Fresh applications 25 days
b) Renewal of limits 15 days
c) Sanction of adhoc limits 07 days

The `in-principle' limits will be sanctioned for a period of 3 years, subject to review on annual basis and limits would be renewed subject to fulfillment of the terms and conditions and satisfactory conduct of the account.

The need-based finance would be determined taking into account the anticipated export turnover and track record of the exporter besides other aspects of credit appraisal.

A stand by limit of 20 percent of the assessed limit will be made available to facilitate urgent credit needs.

Preference would be given to exporters for granting export credit in foreign currency.

4. RATE OF INTEREST

Rate of interest reduced up to 25 basis points on Rupee Export Credit.

Rate of interest not exceeding LIBOR plus 75 basis points on Export Credit in Foreign Currency.

5. ADDITIONAL BENEFITS

Concessions in commission, refinement in exchange rates, concessions in other charges etc.

International Debit Card/ ATM Card, Anywhere Banking facility, De-Mat Accounts, Waiver of commission on sale of Travellers cheques etc.

6. TENURE

The tenure of the Gold Card would be 3 year and will be automatically renewed for a further period of 3 years unless there are adverse features/ irregularities in the account. In case of any misuse of the card or observance of any violation of the terms and conditions, the Bank will have the right to recall the Card at any time.

For more details, please feel free to contact any of our FOREX Branches.