Packing credit

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20 Points Posted on 17 September 2013

Please share information regarding packing credit

1. Rate of interest on packing credit

2. Tennure of Packing credit

3. If tennure for packing credit is 180 days and if amount is realised withing 45 days from taking credit then is the borrower is required to repay the amount of loan or he can use this money and repay the loan on completion of 180 days?

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On 17 September 2013 at 12:31 Report
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20 Points Posted on 17 September 2013
In case of 1 and 2 depends on terms of the bank. Rate of interest varies from bank to bank. And when u avail packing credit from Bank, any export proceeds realised is first credited to packing credit limits and then balance to current account
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On 17 September 2013 at 15:34

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