Special Rupee Vostro Accounts (SRVA)

BOI

As part of our commitment to support our esteemed Forex Clients - Exporters and Importers, we are pleased to offer the facility of Special Rupee Vostro Accounts (SRVA). This innovative mechanism allows for international trade settlement in Indian Rupees (INR), providing numerous benefits to our valued customers.

BOI

  • Settle your international trade transactions in INR, reducing the need for hard currencies and mitigating exchange rate risks

BOI

  • Invoicing: Denominate and invoice all Exports and Imports in INR.
  • Payments: Indian importers make payments in INR, which is credited to the Special Vostro account of the correspondent bank of the partner country.
  • Receipts: Indian exporters receive payments in INR from the balances in the Special Vostro account.

Why Choose Our SRVAs?

  • Experience and Expertise: With extensive experience in facilitating international trade, we ensure reliable and efficient service.
  • Strong Partnerships: Our robust correspondent banking relationships enhance our capability to support your global trade operations.
  • Dedicated Support: From account opening to transaction management, our team provides comprehensive support for all your trade needs.

BOI

Presently, we have the following Special Rupee Vostro Accounts in operation :

Sr. No Banks Country
1 Bank of India Nairobi Branch Kenya
2 Bank of India Tanzania Ltd. Tanzania

These accounts will facilitate seamless trade transactions between India and partner countries.

Get Started Today

Take advantage of the Special Rupee Vostro Accounts to

  • Enhance your international trade operations.
  • Reduce currency risks and
  • Simplify your trade settlements with our trusted banking solutions.

Contact Us

  • For more information, please contact your nearest AD Branch.