The new loan account(s) / current account(s) together with linked facilities will remain inactive and non-operational up to the Transfer Date and will be activated and made available for use from the Transfer Date. Payment of outstanding amounts due under the availed facilities arising on respective due dates (since existing outstanding have been transferred to loan accounts opened in Axis Bank).Forex transfers (Inward/Outward), fresh forward booking and utilization/cancellation of existing contracts, utilization or draw-down of existing credit facilities including cash credit (CC) / Overdraft limit, term loan, export finance (pre and post shipment), etc.Issuance of fresh bank guarantees and letters of credit.Any trade transactions including those involving foreign currency such as import payments, export bill realizations.You will be informed of the same with adequate advance notice. You will be required to initiate all transactions mentioned below from your Axis Bank account(s) on and from the Transfer Date. If you are currently availing products such as business loans, trade & foreign exchange services with Citi, we propose to set up a loan account(s), current account(s) (including exchange earners' foreign currency account (EEFC) & foreign currency accounts (FCY)) in your name with Axis Bank, together with all facilities/services linked to such accounts which are currently availed by you on the same terms and conditions.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |