Stay in charge of your business, all the time!
Opt for BarodaInsta SmartTrade.
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User friendly dashboards
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Live tracking of transaction status
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Facilitates paperless transactions
BarodaINSTA SmartTrade
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Features
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Trade Finance Services Available
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Registration Process
BarodaINSTA SmartTrade : Features
Features
- User friendly dashboards.
- Live tracking of transaction status.
- Facilitates paperless transactions, reduces TAT.*
- Online availability of various MIS data, debit advice 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.
BarodaINSTA SmartTrade : Trade Finance Services Available
Trade Finance Services Available
The following trade finance product types can be initiated/viewed by customers 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.
BarodaINSTA SmartTrade : Registration Process
Registration Process
Customer wishing to avail the services of BarodaINSTA SmartTrade are required to submit following documents duly filled and signed by Authorized Signatory to their respective Branch:
- Application form Application should be verified and counter-signed by the Branch Manager.
- Legal Agreement (not applicable for individuals*) click here – Agreement should be executed with the concerned Branch and should be stamped as per the respective state stamp duty. It should be signed and stamped on all pages by the Authorized signatory of customer as well as by Bank Branch.
- Board Resolution click here– wherever applicable.
For detailed Terms and Conditions Please Click here.