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#ThisIsHow to initiate a Standby Letter of Credit from BarodaINSTA - #BankofBaroda

30 Nov 2021

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#BankofBaroda's BarodaINSTA SmartTrade is your one-point solution for all trade transactions. The #ThisIsHow series aims to help you be on top of your digital banking journey. Let's see how you can initiate standby letter of credit from BarodaINSTA:

  • 0:10 - 1. Log in to www.barodainsta.com
  • 0:14 - 2. Enter company ID, user ID and password
  • 0:18 - 3. Go to Trade Services tab and click on trade credit through standby LC, followed by SI initiation and from scratch
  • 0:29 - 4. Enter all requested details such as beneficiary details, amount details, shipment details, transfer details, trade credit details and bank details
  • 1:29 - 5. Accept terms and conditions
  • 1:34 - 6. Upload files
  • 1:42 - 7. Print the transaction details

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    The contents of this article/infographic/picture/video are meant solely for information purposes and do not necessarily reflect the views of Bank of Baroda. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Bank of Baroda and/ or its Affiliates and its subsidiaries make no representation as to the accuracy; completeness or reliability of any information contained herein or otherwise provided and hereby disclaim any liability with regard to the same. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Bank of Baroda or its affiliates to any licensing or registration requirements. Bank of Baroda shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

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