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Whats New

  • RBI grants Authorised Dealer – category II for retail forex license to Apna bank
  • BSI certifies Apna Bank with the upgraded ISO 27001:2013 cerification for information Security
Trade Finance & Forex Services


Apna Bank has been granted AD-II License by Reserve Bank of India to release/remit Foreign Exchange for a wide range of Non-Trade Current Account Transactions.

  • Opening of Inland and Import Letters of Credit
  • Issuance of inland and Foreign Guarantees
  • Local Letter of Credit (LC) Bills Discounting.
  • Collection of Inland Bills.
  • Export Finance - Extending Packing credit and Post-shipment credit in Rupees and Foreign currency to Exporters at attractive Interest Rates.
  • Handling Import Bills under Letters of Credit.
  • Import Finance - Arranging Buyer ’ s Credit for financing Import Bills.
  • Import Advance Remittances.
  • Import Bills for collection.
  • Booking of Sale & purchase Forward Exchange contracts to hedge exchange rate risk.
  • Foreign Inward Remittances & Foreign Outward Remittances by SWIFT for instant payments.
  • Release of Foreign Exchange for Foreign travel - Private & Business visits abroad, overseas education, medical treatment, employment, emigration & a host of purposes approved by RBI.
  • Issue & Encashment of Foreign Currency notes (US Dollars, GB pounds, Euro & several other currencies).
  • Issue of Forex Travel Cards in Multi Currencies (US Dollars, GB pounds, Euro & many other currencies).
  • Issue of Foreign Currency Traveller ’s Cheques in major currencies.
  • Issue of Foreign Demand Drafts (US Dollars, GB pounds, Euro etc).
  • Miscellaneous Forex Services - Collection & Purchase of Clean Personal Cheques, Demand Drafts, Traveller ’ s Cheques & International Money Orders - In foreign Currencies payable abroad.

    OUR STRENGTHS

  • Centralised Foreign Exchange Department with excellent infrastructure at Mumbai. 
  • Dedicated and trained staff geared to render personalised customer service.
  • Simple procedures with minimum documentation for speedy processing of transactions.
  • Competitive Foreign Exchange rates for Exports, Imports & Remittances.
  • Reasonable service charges, without any hidden costs for forex