| Message : |
Normally rate of interest charged by nationalised banks are PLR - 2.50% i.e from 8.00% to 9.50% (subject to the credit rating of the customer)as if the bills negotiated / purchased from bank the normal rate as given(subsidised rate)will be charged for normal trasit period (25days) + tenor of the bill ( 55 days for 30days sight bill).
The overdue interest will be charged only for the period above the 55 days from the date of bill purchased and amount actually realised in india i.e. value date of remmittance which is somewhere around 15 to 16 percent.( for overdue period only).
YES we can make the payment for not realised bill from domestic resources in that case the subsidiesed rate of interest for exports is not avialable and RBI Permission is also required if the amount exceeds the prescribed limits
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