ICICI Bank offers comprehensive range of Import services. As a valued client of ICICI Bank, you will be partnering with a trusted banking institution that is highly respected in the world of international finance and cross border transactions. Through our expertise and experience, we can structure and customise solutions suited to your specific business requirements.

Import Letters of Credit

We issue Import Letters of Credit on your behalf that give you the advantage with your suppliers. Now, through Corporate Internet Banking site, you can submit your LC application Online for faster processing. Our experts can advise you in drafting the LC terms and conditions so as to protect your interests.

Import Collection Bill Services

Documentary Collections are a common and flexible method of payment for goods purchased from your suppliers abroad. Although relatively simple in principle, they require careful and accurate attention to bills of exchange, stamping requirements on bill of exchange, bills of lading and other documents. Rely on our expertise in efficient and prompt handling of your Import collection documents.

Direct Import Bills

Do you know that FEMA allows you to receive Import Documents directly from the overseas supplier subject to certain conditions ? Consult our experts to find out the various provisions in FEMA which can help you in reducing your costs. Make use of your favourite bank for quick and efficient settlement of your direct imports.

Advance Payment towards Imports

Whenever you want to make any advance payment to your supplier overseas, we can advise you on various provisions in FEMA relating to advance payments and assist you in efficient and faster remittance to your supplier at competitive rates.

Arranging for Buyer’s & Supplier’s Credit

To take care of your working capital requirements, ICICI Bank offers a wide range of offshore financing options. In many cases, our offshore financing solutions can offer interest rate arbitrage opportunities to take benefit of lower interest rates in overseas markets. Using our wide network of correspondent banking relationships, we can arrangefor financing your import requirements by way of Suppliers credit and Buyers credit at very competitive rates.

Bank Guarantees

We issue Bank Guarantees in Foreign Currency on behalf of Importers for all approved purposes as defined under FEMA, subject to availability of credit limits or against 100% cash margin.