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Online Trade Finance Portal for Forex & Inland Trade and Fx Remittances

BarodaINSTA SmartTrade – a one point solution with advanced capabilities for our Trade finance customers facilitating all Foreign & Inland trade transactions and Fx Remittances for individuals, enabling them online access for initiating transaction requests and ensures better governance with enhanced security and controls. It is a user friendly application with attractive and convenient dashboards, providing real-time updates of transactions with additional features like customized MIS/reports, notifications & alerts, due date maintenance, etc.

  • User friendly dashboards
  • Live tracking of transaction status.
  • Facilitates paperless transactions, reduces TAT.*
  • Online availability of various MIS data, Debit advices and swift copy.
  • Standard and customized templates maintenance.  Customer specific templates and data like beneficiary details, other Bank details, specific clauses, etc. can be maintained for use in transaction processing.
  • Customer specific Authorization Matrix.
  • Enhanced security - 2 factor Login mechanism (Password with OTP through SMS and Email).

* This is subject to exceptions. Please contact your Branch or Relationship Manager for details of paperless transactions.

The following Trade Finance product types can be initiated/viewed by Customer online:

  • Import Letter of Credit
  • Import Documentary Collection
  • Export Letter of Credit
  • Export Documentary Collection
  • Packing Credits in INR and Foreign Currency
  • Export Bill Financing
  • Outward Remittances
  • Inward Remittances
  • Foreign Bank Guarantees
  • Issued and Received Stand-by Letters of Credit
  • Shipping Guarantees
  • Fx Remittances for individuals

Customer wishing to avail the services of BarodaINSTA SmartTrade are required to submit following documents duly filled and signed by Authorised signatory to their respective Branch:-

For Detailed Terms and Conditions Please Click here

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