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Trade and documentary services

Compare letters of credit, guarantees, import-export, receivables-discounting and documentary banking services.

15 products

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Single online solution for foreign and inland trade transactions and remittances for individuals, with dashboards, real-time updates, /reports, notifications, alerts and due-date management.
  • The bank may extend SmartTrade to selected customers at its discretion. The applicant must be a current legal internet user with internet access and submit the prescribed signed application to the Bank of Baroda branch
  • the bank provides access only after its eligibility checks. Corporate applicants submit authority/workflow documents and, where applicable, a board resolution
  • joint retail accounts require authority signed by all account holders.
  • There is no charge for using BarodaINSTA SmartTrade at present. Separate transaction-related charges may still apply, including remittance, letter-of-credit or bank-guarantee processing charges, postage, courier charges and on forex conversion
  • the bank may introduce or change service charges.
  • BarodaINSTA SmartTrade web portal, accessed with bank-issued user and password
  • credentials are delivered to the registered email and mobile number and first-login password change is compulsory.
  • Bank of Baroda customers using the bank's internet portal
  • branch, account and service availability are subject to the bank's India terms and applicable law.
Collection ServicesBank of Baroda
Bill-payment service
  • Instruments must be deposited into a properly introduced account. Quick applies to cheques of ₹25,000 and above drawn on select banks
  • other collection eligibility follows the instrument and clearing route accepted by the branch.
Not published
  • Submit collection instruments at any Bank of Baroda branch
  • outward items are sent for collection on the day received or the next working day, while Quick and national-clearing routes use the bank’s collection network.
  • All Bank of Baroda branches provide outward collection
  • national and one-way clearing extends to Delhi, Mumbai, Chennai, Kolkata and other identified centres including Nagpur, Ahmedabad, Hyderabad, Bengaluru, Pondicherry, Trichy, Trivandrum, Vellore, Baroda, Erode and Madurai.
Bill-payment service
The service is for eligible micro, small and medium enterprises depositing accepted collection instruments into properly introduced accounts. Quick applies to cheques of ₹25,000 and above drawn on select banks.
The collection page states that service charges apply as stipulated from time to time. Quick separately publishes ₹50 courier charge per packet plus an additional nominal collection charge.
  • Eligible submit instruments through Bank of Baroda branches and its branch/clearing network
  • Quick and national-clearing routes provide accelerated or inter-city processing.
  • All Bank of Baroda branches provide the collection facility
  • national-clearing coverage includes Delhi, Mumbai, Chennai, Kolkata and identified one-way centres such as Nagpur, Ahmedabad, Hyderabad, Bengaluru, Pondicherry, Trichy, Trivandrum, Vellore, Baroda, Erode and Madurai.
Correspondent BankingBank of Baroda
Bill-payment service
  • The service is intended for Indian or overseas banks seeking bill collection, letter-of-credit support, bill discounting, Nostro settlement or foreign-currency payment and remittance services
  • individual retail eligibility is not described.
The official Correspondent Banking page says charges are competitive but does not publish a numeric customer tariff or fee schedule.
  • Correspondent services are delivered through Bank of Baroda’s worldwide branch network and selected branches equipped for correspondent banking
  • Nostro operations are supported from New York, and London branches.
  • Global access is supported by Bank of Baroda’s overseas presence and more than 500 correspondent banks
  • Nostro accounts are maintained in at New York, at and at London.
Custom Duty PaymentBank of Baroda
Tax-payment service
The user must generate a customs challan/payment through ICEGATE and have access to Bank of Baroda Net Banking (bob World Internet) to pay at any customs location.
The reviewed Custom Duty Payment page explains ICEGATE integration and Net Banking payment but does not publish a Bank of Baroda service fee or tariff.
Importers and other users can make e-payments for all customs locations through Net Banking using bob World Internet after initiating the payment through ICEGATE.
Bank of Baroda’s ICEGATE e-payment integration is available for all customs locations in India through bob World Internet.
ExportBank of Baroda
Export finance (pre-shipment packing credit and post-shipment export-bill purchase/discounting), export-bill collection, export-letter-of-credit advising and confirmation, and the Exporter Gold Card working-capital package.
The page is addressed to exporters and describes facilities for export goods, export receivables and overseas-buyer letters of credit. It publishes no additional numeric turnover, rating, tenure or documentation threshold.
Not published on the reviewed service page. No numeric export-finance, bill-collection, -advising/confirmation or Gold Card tariff is displayed.
exporters can apply online for export credit. Export-bill collection is available through more than 200 authorised-dealer branches in India and the bank's worldwide correspondent network.
  • Export-bill collection is offered through more than 200 authorised-dealer branches in India and a worldwide correspondent network
  • the page publishes no narrower customer-territory restriction.
Forex OperationsBank of Baroda
Trade and foreign-exchange service
  • The published service scope covers bank clientele with export or import foreign-exchange needs, remittance or deposit needs, or resident and returning-Indian needs
  • access is through authorised forex branches and remains subject to applicable product and regulatory requirements.
The official Forex Operations page does not publish a numeric dealing spread, commission, service charge or customer tariff.
  • Foreign-exchange transactions are handled through 223 authorised domestic branches connected to the specialised integrated treasury branch at BKC, Mumbai, with online quotes delivered through bob World FxQ
  • overseas offices and treasury staff serve international customers.
The service has 84 overseas offices across 17 countries and 223 authorised domestic branches connected to the Mumbai treasury branch.
ImportBank of Baroda
Import bills under collection, import letters of credit at sight or usance, (Usance Payable at Sight) letters of credit and trade credit through standby letters of credit (SBLC).
  • The service is described for Indian importers and Indian buyers purchasing from overseas sellers. The page publishes no numeric turnover, income, credit-score, tenure or document threshold
  • facility approval and terms are not specified on this service page.
Not published on the reviewed service page. No numeric import-bill, , or SBLC tariff is displayed.
  • Import-bill collection is routed through more than 220 authorised-dealer branches in India and Bank of Baroda's worldwide correspondent network. may be opened in favour of Bank of Baroda overseas branches or other banks
  • trade credit is funded by overseas branches through an SBLC.
  • Import-bill collection is available through more than 220 authorised-dealer branches in India and a worldwide correspondent network. Import and related facilities connect Indian buyers with overseas sellers
  • no narrower territory restriction is published.
Confirmation of an Inland Bank Guarantee for a beneficiary or beneficiary bank.
Submit a signed letterhead request containing the guarantee number, issue date, expiry date, claim-expiry date, applicant name and beneficiary name. Confirmation is targeted within T+2 days from email receipt.
No confirmation fee or charge is published on the reviewed current page.
  • Email the request to the relevant Regional Office or Zonal Office. Regional Offices handle all branches other than Midcorporate and CFS branches
  • Zonal Offices handle Midcorporate and CFS branches. The request must be on the beneficiary’s letterhead and signed by an authorized signatory.
  • Regional and Zonal Office coverage applies across Bank of Baroda’s listed Indian branches
  • the page lists every Indian State/UT presence and excludes no territory for the service.
RemittancesBank of Baroda
Remittance service
The page requires a customer to furnish the published beneficiary, AD-branch and remittance-purpose details to the banker. It does not state a separate customer segment, turnover threshold or minimum balance for this service.
The reviewed Remittances page publishes fields and correspondent-bank routes but no fixed transfer fee, correspondent charge, exchange-rate spread or minimum amount. Applicable charges must therefore be confirmed with the servicing branch for the selected currency route.
Initiate the transfer through the customer’s banker using the published fields: intermediary institution, AD-branch code, 14-digit beneficiary account/name/address, purpose of remittance and sender-to-receiver information. The correspondent/intermediary bank route varies by currency.
  • The service supports remittances from any country through Bank of Baroda’s correspondent/intermediary network. The published currency table covers , , , , , , , SGD, CHF, SAR and
  • the beneficiary account is with a Bank of Baroda branch in India.
Treasury and settlement service
The account is used for permitted international-trade settlement in , investment of excess SRVA funds in Treasury Bills and government securities, and free repatriation of excess funds. The page publishes no retail or individual eligibility rule.
No SRVA account-opening, transfer, settlement or investment fee is published on the reviewed current page.
International trade settlement is routed through the Mumbai Main Office Vostro Cell and the listed overseas/correspondent banks using their published account numbers and BIC codes.
The page publishes SRVA routes for Mauritius, Oman, Seychelles, United Kingdom, Fiji, , Australia, Singapore, Botswana, Guyana, Kenya, New Zealand, Uganda, Tanzania, Mongolia, Kyrgyzstan and Russia through named banks.
Swift TransferBank of Baroda
Remittance service
The remitter must provide the intermediary-bank account/ details for the currency, the authorised-dealer branch code, the beneficiary’s 14-digit Bank of Baroda account/name/address, purpose of remittance and (for opening) the or F.CNR sender-to-receiver code. The page publishes no separate age, income or residency threshold.
  • The reviewed Swift Transfer page publishes no general wire-transfer tariff. It states that Bank of Baroda charges are exempted for inward remittances used to open deposits
  • other applicable bank or correspondent charges are not stated on the page.
Transfer supports inward remittance to India from any country by wire transfer, with the beneficiary's Bank of Baroda account and AD-branch details supplied to the sending bank.
Swift remittance is described as available from any country by wire transfer, using Bank of Baroda’s published correspondent/intermediary routes for , , , , , , , SGD, CHF, SAR and . The beneficiary route is the relevant Bank of Baroda authorised-dealer branch in India.
Online auction-based factoring and discounting of trade receivables.
  • sellers
  • permitted corporate, government and buyers
  • banks, factors, financial institutions and other -permitted financiers.
Not published.
Invoicemart (A.TREDS), RXIL and M1xchange (Mynd Solutions).
India, through the three listed -registered TReDS platforms.
Instant Transfer, MT103 wire transfer, demand draft or cashier's cheque, and foreign-currency cheque collection
  • Availability, sender onboarding, exchange rate, charges, limits and required evidence depend on the origin country, foreign office, correspondent or drawee bank and selected method.
  • The non-Middle-East page's USD 25,000 routing threshold and ₹50 handling charge are page-specific and should not be substituted with the separate Middle East page's published values.
  • Drafts, cashier's cheques, international money orders and foreign-currency cheques are collection instruments, so credit and conversion occur only after the applicable collection process.
  • Vary by originating branch and country
  • some foreign branches offer concessions to their account holders
Instant Transfer, MT103 wire transfer, demand draft or cashier's cheque, and foreign-currency cheque collection
Australia, Bahrain, Belgium, Canada, China, Hong Kong, Israel, Japan, Maldives, Mauritius, Nepal, Oman, Singapore, South Africa and
Instant Transfer, Rupee Flash, Express Rupee, MT103 wire transfer and demand draft
  • Availability, sender onboarding, exchange rate, charges, limits and required evidence depend on the originating office, partner bank or exchange house and the selected method.
  • Express products are partner-specific
  • a listed partner does not necessarily offer every service level.
  • instructions must use the correct threshold-based routing code and exact beneficiary details
  • intermediary and overseas-bank charges may also apply.
  • Vary by originating branch and country
  • some foreign branches offer concessions to their account holders
Instant Transfer, Rupee Flash, Express Rupee, MT103 wire transfer and demand draft
Australia, Bahrain, Belgium, Canada, China, France, Hong Kong, Israel, Japan, Maldives, Mauritius, Nepal, Oman, Singapore, South Africa and

Green marks the most favourable compatible published number or range in each column; incomparable units and overlapping range trade-offs remain neutral. It does not account for eligibility, service, exclusions or personal suitability.