• Download mobile app
25 Oct 2021, Edition - 2295, Monday

Trending Now

  • 34 dead as record rains lash Uttarakhand, trigger floods
  • Melbourne welcomes vaccinated Sydney residents without quarantine
  • India reports 14,623 new #COVID19 cases, 19,446 recoveries & 197 deaths in the last 24 hrs as per Union Health Ministry

Coimbatore

LVB launches specialised account for exporters

Covai Post Network

Share

Coimbatore : Lakshmi Vilas Bank (LVB) has launched a specialised current account for the benefit of exporters.

‘JU$T A Dollar’ is an exclusive account catering to the requirements of the exporter community at an attractive pricing of Rs 75 on a host of remittance, trade and forex transactions.

This product was launched at Tirupur yesterday by Tirupur Exporters Association President. Raja M Shanmugham in the presence of Peeush Jain, Head- Retail Banking, Lakshmi Vilas Bank, a bank release said Today.

Pricing for trade and foreign exchange transactions by banks are often pegged as a percentage of the value of transactions. But for customers, costs of such transactions can often run into several hundreds, thousands, or even lakhs of rupees. However, this product is applicable solely to customers or entities that have Import Export Code,it said.

*“We are pleased to launch ‘JU$T A Dollar’ account in association with Tirupur Exporters Association. Proposed solution will significantly bring down transaction costs, and emerge as an interesting proposition for importers, exporters, and entities involved in both domestic and international trade transactions, Jain said.

Subscribe To Our Newsletter

COIMBATORE WEATHER