SELLING

TRANSACTIONS
RATES
A. Outward remittance in foreign currency
(TT,MT, PO,DD)
TT Selling Rate B. Cancellation of purchase, e.g.
Exchange  Bill purchased and returned unpaid.
Margin:  Bill purchased and transferred to
0.125% to collection amount.
0.150%  Earlier inward remittance (converted into
rupees) is refunded to the remitting bank.
C. A forward purchase contract is cancelled.
Transactions involving the transfer of proceeds of
Bill Selling Rate
import bills.
Exchange
{Even if the proceeds of the import bills are
Margin:
remitted in foreign currency by way of DD, MT,
0.175% to
TT, PO, the rate to be applied is the Bill Selling
0.200%
Rate (and not the TT Selling Rate)}.
Foreign – TCs/
Currency Notes At the option of Ads.
Selling Rates
BUYING
TRANSACTIONS
RATES
A. Clean inward remittance (PO, MT, TT, DD)
TT Buying Rate for which cover has already been credited to the
Exchange Ads account abroad.
Margin: B. Conversion of proceeds of instruments sent
0.125% to for collection.
0.180% C. Cancellation of outward TT, MT, PO.
D. Cancellation of a forward sale contract.
A. Purchase/Discounting of Bills and other
Bill Buying Rate
instruments.
Exchange
B. Where banks have to claim cover after
Margin:
payment.
0.125% to
C. Where the drawing bank at one centre remits
0.150%
cover for credit to a different centre.
Foreign TCs /
Currency Notes At the option of Ads.
Selling Rates
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