Annexure - A



Objective of the Scheme :

To provide better terms of credit to all eligible exporters, including
those under small and medium sector, compared to those extended to
other exporters by the Bank.


All exporters, including those under small and medium sectors, would be covered under the scheme provided:

  • Their accounts are classified as "STANDARD" continuously for 3 immediately preceding years.
  • Their names do not figure in RBI's defaulter list / caution list and they have not been blacklisted by ECGC.
  • There are no overdue in pre-shipment export credit.
  • They have not run up losses continuously for 3 immediately preceding years.
  • They do not have overdue export bills in excess of 10% of the current year's turnover.

Benefits to Exporters :

  • Limits will be sanctioned in-principle for 3 years, with a
    provision for renewal, subject to satisfactory compliance with
    the terms and conditions of sanction stipulated by the Bank
  • A standby limit to the extent of 20% of the assessed limit will
    be made available to the Gold Card holders for meeting
    urgent credit needs for executing sudden orders.
  • Requests for Packing Credit in Foreign Currency (PCFC) from
    Gold Card holders will be given priority.
  • In case of unanticipated export orders, norms for inventory
    will be relaxed taking into account the size and nature of
    export order.
  • Service charges stipulated for Gold Card holders will be 25%
    lower than the charges recovered from other exporters.

Tenure :

The Gold Card will be issued for a period of 3 years and will be
automatically renewed for a further period of 3 years provided no
adverse features, irregularities are noticed in the account. In case of
any misuse of the card or observance of any violation of terms and
conditions, the Bank shall have the right to recall the Card any time.

Time :

Sanction of fresh / enhanced credit limit 25 Days
Renewal of existing credit limits 15 Days 
Sanction of ad-hoc credit facilities 7 Days

Documents :

Requests for credit under Gold Card Scheme is to be made as per the
simplified loan application form for export credit (please see Annexure
B in Downloads ) along with Annexure I to IV as applicable, together
with further details if necessary, for assessment of credit limit under
Gold Card Scheme.