Corporate Site |
Hindi Marathi
[+] [-] | Skip to navigation | Skip to main content | screenreader Contrast Scheme : contrast
              1800 220 229 ,1800 103 1906,
              022 40919191
rect rect
yo You are here path  Corporate path Corporate-Loan path Dual Currency Swing Limit  
banner
 
Dual Currency Swing Limit
 
Scheme
A Credit facility with built-in option for the borrowers to switch between foreign currency limits and rupee limits depending on prevailing environment. A tool to enhance treasury profitability of corporates.
Purpose
Working Capital or Demand Loan for acquisition of assets related to business.
Limit
Minimum sanctioned amount for the facility would be USD 100,000/- or its equivalent in INR.
Tenor
The facility is available for a period not exceeding 1 year. Can be renewed, if required.
Pricing / Interest & basis
When borrowings are in Foreign Currency, interest would be linked to LIBOR. In case of INR, it is linked to BOIBPLR.
Rates of interest will be refixed on each switchover (conversion date).
Charges
Reasonable Charges
Conversion
Spot Notice (i.e. Notice of 2 foreign exchange working days) will be required to be given by the borrower to the Bank for switching either from USD to INR and vice versa.
 
 
Announcement        Start | Stop

Integrity Pledge Count new


Public Notice for Unclaimed Dividend


List of Wilful Defaulters


With the implementation of Goods and Services Tax (GST), the existing service tax rate of 15% has been replaced by GST rate of 18% from July 1, 2017


All customers are requested to provide GSTIN to their branch alongwith supporting documents to claim input credit.


BOI – IPDI Bonds Series-1 Notice of Call Option


Annual Report 2017


Notice of the Annual General Meeting


Voting Result of EGM held on 04.05.2017


Notice of EGM


Voting Result of EGM


We request our esteemed customers to urgently have their KYC details updated / corrected to avoid freezing of accounts new


MCLR w.e.f. 10.07.2017


Empanelment Of Sarfaesi Valuers


Details of unpaid / unclaimed Dividend


As part of FATCA/CRS requirements, all customers are requested to submit Declaration Form (For Individuals) / Declaration Form (For Entities) click to download with supporting documents to their Parent Branch immediately. Non-Compliance with this requirement may lead to freezing or closure of account as per guidelines.


Base Rate revised to 9.55% w.e.f 31.03.2017


List of Recovery Agents/ Enforcement Agents/Detective Agency of Lucknow Zone


Change of Registrar and Share Transfer Agent


Notice to CD Customers


Notice to Customers


Notice to SB Customers


ATM transactions for savings Bank A/c Customers


Notice for our DEMAT Account Holders


Top
arrow
images © 2012 Bank of India. All rights reserved Site best viewed in resolution of 1024x768 ipv6 ready images
rect Ac Checker
Dual Currency Swing Limit