Export Import Business में Banking के बारे में जानिए - PART 1 | Knowledge Series | iiiEM

In export-import business, when it comes to payment everybody has a question that how will I get my payment? Which bank I have to choose?
That is why in this knowledge series, We have invited Mr. Alkesh Patel (Vice President of Kotak Bank) to discuss banking related topics in export import.
Do not forget to like, share and comment down below your thoughts on this video.
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[@iiiemeximinstitute]

Fill Your Contact Details Here g.indess.in/557 to Speak with our Export-Import Experts. Also, You Can Contact Us on 9377590864 or Visit www.iiiem.in/ Thank You For Watching.

[@ajycodm7760]

Kotak ka minimum amount start up ke liye 50k hai na ki free

[@srisaienclaves6282]

Good

[@iiiemeximinstitute]

Thank you

[@mohammedrizwan8836]

Manohar sir,, aap hi ye full conversation ko ek baar fully summerize karke, apne andaaz mai bataye sir,, Banker saab Gol Gol ghumaare sir,,, i know what u want to ask him,, and he is replying something else,, basically bankers EXIM knowledge is very low sir,,

[@iiiemeximinstitute]

Suggestion Noted

[@deepaknagargojeshort3597]

Very nice knowledge sir thanks lot

[@iiiemeximinstitute]

Most welcome

[@user-nc2ck4ox7m]

ग्रेट.. information ❤️❤️👌🙏🙏

[@iiiemeximinstitute]

Thanks.

[@raziazaheer4951]

V informative vedio sir... Thanks so much

[@iiiemeximinstitute]

Most welcome

[@kalpeshpatelvirabhai5640]

Thanks for such helpful knowledge. One suggestion for you that you should not interrupt the guest speaker frequently. We want to listen him also.

[@iiiemeximinstitute]

Noted your suggestion

[@MissionHealth08]

Excellent!!

[@iiiemeximinstitute]

Thank you, Nisarg

[@satishtony]

Superb contented video. Good one

[@iiiemeximinstitute]

Thank you, Satish.

[@umeshmiglanii2869]

Nice topic

[@iiiemeximinstitute]

Thank You

[@atishshelke7288]

#askiiiem I m Atish shelke from Mumbai namaskar 🙏🙏 mera questions ye hai ki... Buyer ko import duty benefit kaise Milega apne preferential trade agreement se... Means buyer Indian products quickly import kare with benefit. Koi website ya details. Bcoz buyer ko import duty benefits Milega tabhi to India ka export badega.. ... Pls share other imported country tariff rate details from India export . 🙏

[@iiiemeximinstitute]

For Import Duties you may check www.icegate.gov.in

[@AJ-ll9kz]

Great 👍

[@iiiemeximinstitute]

Thank you

[@ketankalyani6785]

Very helpful part wait next party

[@iiiemeximinstitute]

Thank you

[@UbhadiyaMayur]

#askiiiem Mayur Patel Agar Export startup first order deal hua hai 100%irrevocable LC at sight term of payment ,, to Kya bank loan dega,,? Dega to kitna interest charge karega,,? Agar nahi deta to ECGC kese help karega,,?

[@iiiemeximinstitute]

Dear Mayur, Please consult your bank. You bank or any other financial institution can help you with loans and finance for your export. Thanks

[@shreyaskumbhar7047]

🙏🙏 Sir, Thanks for very informative advice

[@iiiemeximinstitute]

Always welcome

[@prasenjitdey4222]

Love is a Ball, that is if you can afford one at all!! or else you can try to play football!!😁😁 Movie was really good..."English with the French & Italian accent"👍👍👏👏😀

[@iiiemeximinstitute]

Yaha pe aap export import ki comments likh sakte hai. Thank you

[@shahajirajmane9924]

Very good information sir

[@iiiemeximinstitute]

Thank you

[@miningworldandshreeprakash3944]

Incredible job brother 💓💓🇮🇳

[@iiiemeximinstitute]

Thank you

[@oneplus6180]

Which will best currant/ import export account for Alibaba..for payment from india ?

[@iiiemeximinstitute]

We guide and answer for export import. Kindly check with your bank or CA for Alibaba. Thank you

[@yaseenrupani9147]

#ask iiiem:- Sir, Thanks for such informative videos. Sir my question is regarding financial help to freshers. i am merchant exporter, if i have confirm order from buyer on irrvocable LC terms. but my supplier needs payment in 100% advance, in this case where can i arrange money?. Sir, financial help at starting stage only is very necessary, bcoz once bussiness is establish then there would not be much concern for money. so in this case agar koi help nai karega freshers ko, toh kaise export kaise start karenge, even if order from buyer is confirmed.

[@iiiemeximinstitute]

You may please approach financial institutions or banks for this requirement. Thanks

[@skyblue8990]

Correct same situation us

[@Traderfx28]

Could you pls share your experiences from bank after 2 year's of experience. Im just a beginner?

[@abdulaijaz6167]

#askiiiem Thank you sir for sharing valuable knowledge my question is that what open market rate in bank

[@iiiemeximinstitute]

The open-market rate is the rate of interest paid on any debt security that trades in the open market. Debt securities include government bonds, corporate bonds, certificate of deposit (CD), municipal bonds and preferred stock.

[@israt3158]

if this conversation write in a paper with example,it would be nice.

[@iiiemeximinstitute]

Okay.

[@ritikjain3311]

the session is good,but the banker is not interactive and not providing much clarity..

[@iiiemeximinstitute]

Banks work on their terms as per the RBI

[@dimplepradhan9592]

#Askiiiem Sir under which payment terms set of original documents has to be submitted with bank ? 2nd Question : Pls advice when "To Order - XYZ Bank" is required to furnish on BL in consignee section. Request you to Pls guide.

[@iiiemeximinstitute]

One set of documents are for the bank, always.

[@mrunalshastrakar5668]

Dream "Sone ki chidiya" wapas Lana hai

[@iiiemeximinstitute]

YES. Thank you

[@sujitpaldhe5532]

आज का rule क्या है new current account balance. maintain का?

[@iiiemeximinstitute]

Har bank me Niyam alag hoy chhe

[@ayush6604]

Sir kyaa export import ma current account open karwana waqt Bankwale hamari office visit karta hay kya Aur jo home sa bussiness start karega woo

[@iiiemeximinstitute]

Nahi

[@mukeshgada696]

Dipakji same video aap Banking sector ke kisi experience persons se karvaiye alpesh ji answer different de rahe hai

[@iiiemeximinstitute]

You can ask your queries here.

[@dynamosaeeb]

Does export import agent on commission basis needs to Register as a company or msme or gst or current account?

[@iiiemeximinstitute]

If the commission agent needs to register his firm and also register for GST

[@dynamosaeeb]

@@iiiemeximinstitute Is any other thing needed?

[@onionbadshah]

Sir please help kijye Garmany Export onion karne ke liye DDB ke tahat kiya kiya documents required rhega

[@iiiemeximinstitute]

From PAN Card to Bill of lading all documents are required

[@mclarinepetrochemicals279]

Sir, humara buyer ek sath kitni amount(any currency) transfer kar sakta hai? Kyu ki deal bahut badi bhi ho sakti hai.

[@iiiemeximinstitute]

Invoice amount jitne amount transfer kar sakte hai. the Commercial Invoice is the document.

[@biprajitbasu8318]

Sir, main fruits and vegetables main as a Merchant Exporter start up kar raha hun. I apply for current A/C, but my bank asking for FSSAI registration! Is it needed ? Regards...

[@iiiemeximinstitute]

FSSAI is not mandatory for export of fresh fruits and vegetables. However, one may regsiter for export of foodstuff with FSSAI - it is always better. Thereafter you need to also register with Apeda. Thanks

[@biprajitbasu8318]

@@iiiemeximinstitute thank you sir. Do your company help me out with the service of registration in APEDA, FSSAI, phytosanitary certificate etc.?

[@iiiemeximinstitute]

iiiEM does this when a consultancy is signed for a company.

[@jayeshpatil200]

@@biprajitbasu8318 so aapne export krna start kr diya h kya?

[@Gajendrasing12345]

What is CIF & FOB ?

[@iiiemeximinstitute]

CIF = Cost, Insurance & Freight FOB = Free on Board These are Incoterms of Shipping goods. These are used often in Export & Import.

[@akshaymalwade9864]

#askiiiem l Then what should Fresher xporter do for a loan????

[@iiiemeximinstitute]

Please visit a financial institute or a bank.

[@pawansingh-zz5bc]

Sir bank charges ke rates clear nhi ho rahe. kis situation me kya kya rate ho skte hai banks se. Kaha se milegi details koi online website hai

[@iiiemeximinstitute]

Dear Pawan Singh, Kindly go to a few banks, find out various charges. Whatever suits you is the best.

[@harshhingu3082]

#askiiiem sir FOB,CLF aur Incoterms par ek video banaiyena and thabk you sir you are helping by taking interview for free thanks

[@iiiemeximinstitute]

Yes, Edu World. You too are making some videos aren't you, Edu World. ? Kindly give us your contact details.

[@harshhingu3082]

iiiEM - Export Import Business Training Center but sir for now I don't want to share sir please I am only a student now I want to study for 3 yrs after that I will do course but please clear my doubts for now

[@iiiemeximinstitute]

Dear Harsh, even you are learning through our generous knowledge sharing activities and creating your own videos on the subject, iiiEM is much above you to have any problems. However, yes we would appreciate honesty not plagiarism. We asked for your contact details. Thank you.

[@harshhingu3082]

iiiEM - Export Import Business Training Center No sir I am not sharing any knowldege I only started some informative videos to help students and I never share any business videos because I have not done anything in my life I only ask doubts for myself I am interested in this field and I will be learning import export in near future today only I have some doubts and I will do course but after some time

[@abhikumar1373]

Private jitni jaldi kaam karte hai utni jaldi charges kata lete hai.. Inka pta nahi hota aaj hai aur kal utni jaldi bhag jaenga

[@iiiemeximinstitute]

Aisa hai??? OK

[@dawindersingh9432]

Sir agar hum 30 % payment received karte hai or material phunchne k bad kya guarantee hai k 70% payment aa jayegi ? Please explain how we received 70% payment

[@iiiemeximinstitute]

One has to get buyer verification and please watch our videos on ECGC Join to study the Export Import process and the procedures You may call on weekdays between 10 am & 2 pm on 9377590864, if interested

[@thouphiqsyed5398]

thank you so much sir for the information but how about the proprietor who is not forming pvt limited company. how he should get the current account is it like the same like basic cards

[@iiiemeximinstitute]

Current account in a bank is a busines saccount. A Sole Proprietorship Firm can also get a current account in the bank. Thank you

[@kavitanaidu9662]

#askiiiem Sir, I want to know about last question in this video, that means how to create background being a fresher, bhohot mehnat karni hai ok, but exactly what is to be done is not understood by me for creating business background as a fresher, Sir please reply

[@iiiemeximinstitute]

Dear Kavita, Thank you for your comment & interest in Export - Import. For this you need to learn the processes and procedures of Import-Export. Kindly visit to find the nearest iiiEM location, out of 36+ cities that iiiEM has its presence in India. www.iiiem.in/contact-us.html. or call on 9377590864. We suggest you to also subscribe to our KZbin Channel. We thank you for your interest, once again.

[@Paving_Overseas]

Sir, agar mari city main kisi bhi bank main foreign exchange facility nahi hai to kya krna chaiye.......🙏.. phir bhi account open Krna chahiye..

[@iiiemeximinstitute]

My Dear Ankur, We just not responded to your query on the HelpDesk on the same topic. You are our privileged student from Pune. Ankur, only your nearest bank can reply about the branch in a nearby town or city. Thank you

[@Paving_Overseas]

@@iiiemeximinstitute okay 🙏🙏🙏

[@dhavalgala5750]

Is netting allowed for non sez units for import and export to same buyer?

[@iiiemeximinstitute]

The exporters shall, however, be liable to realise and repatriate export proceeds as per FEMA Regulations. Thank you

[@viveksaini9809]

#askiiiem sir Kya Certificate of Origin hum Bina RCMC liye bhi le sakte hai Kya RCMC se

[@iiiemeximinstitute]

Can get it without RCMC also

[@viveksaini9809]

@@iiiemeximinstitute thanks sir

[@akhilgupta7622]

Bank me pAyment aane ke bad bank usko inr me change krne ke liye kuch charge krti hai kya ?

[@iiiemeximinstitute]

Yes, Bank will charge as per their norms

[@shivamgupta7556]

#askiiem what is AD code is per video banae

[@iiiemeximinstitute]

Dear Shivam, A.D. Code is a requirement for the Customs registrations. It is Authorized Dealership Code, given by the RBI to the bank. Thanks

[@ajycodm7760]

Kotak ka minimum amount start up ke liye 50k hai na ki free

[@iiiemeximinstitute]

Ye jo hai woh Current account ki baat kar rahe hai. Aap dubara suneye ye video. Thank you

[@ajycodm7760]

Mare se to 15k liya ajj kotak walo ne kuch free nahi hai

[@sudhanvaayurveda.]

#ASKIIIM SIR MERA ACCOUNT HDFC BANK AHMEDABAD ME HE MERA EK BUYER SINGAPORE KA HE BUYER KO REVOLVING SBLC ISSUE KARNA HE SINGAPORE KI OCBC BANK NE MT799 KA FORMAT BHEJNA HAI AUR PUCHA KI SELLER BANK ACCOUNT ABLE TO Accept 234 cr INR per month.bank manager and other team bol rahe hai ki ye mera kaam nahi hai.uska kam hai.esa sab bol rahe ab kya karna chahiye??

[@iiiemeximinstitute]

Very first thing, get the buyer verified with local ECGC. Then proceed fur to her with this deal.

[@shreyoans1042]

Hello, since there are various names of an organization for import export business like exim,impex, global, exports is it fine for an exporter to keep impex as a name?

[@iiiemeximinstitute]

Of course. Check the Availability in Firm registration and domain name booking

[@sumanpatra8869]

#ad code branch hum kaysheee dhundeee..? Har branch pee jake hum nahi app ke ad branch hai?...thora batia naa Kolkata andhar kon brach ad code branch hai? Please

[@iiiemeximinstitute]

Letter for Bank AD code is issued by your bank.

[@JigneshPatel-zn4vk]

#askiiiem Current account kholne k liye zero amount me account open ho sakta he

[@iiiemeximinstitute]

Bank se pata chalega. Thank you

[@vijayganwani2025]

Deepak jii lecture ke liye koi faculty chaiye toh mein available hun ... hai naa ... bholna muje koi jarurat ho toh ....

[@iiiemeximinstitute]

Sure, Vijay. Thank you

[@vijayganwani2025]

iiiEM - Export Import Business Training Center Haa toh chaiye Kya faculty ???

[@aakashkendoole1022]

#askiiem Aakash kendoole How to Trade when Buyer agreed for 30% Advance & 70% LC? Should we ask buyer for LC first or Advance Payment.? How to Handle the process?

[@iiiemeximinstitute]

Ask for the draft of LC first, get the same checked by your banker. Then Payment - 30% and then final copy of LC. Thanks

[@aakashkendoole1022]

@@iiiemeximinstitute thank you

[@yadavydv6840]

Rather than booking forward contract we can go with option .

[@iiiemeximinstitute]

Your choice.

[@sumanpatra8869]

#kotak mahindra bank branch pe Trade account banane kelia minimum balance 1 year kelia rakhnaa jaruri nahi hai? 1year bat minimum balance rakhna hoga?

[@iiiemeximinstitute]

Suman, please ask these questions to your branch / bank

[@nitinpate4200]

my ad code registered in customs of IDFC bank And I am taking payment in dcb /kotak bank And again submitting Shipping bills to payment receiving bank i.e kotak/dcb whoes ad code not registered in customs This will work ? Plz guide

[@iiiemeximinstitute]

You need to keep all your details uniform. You can not change the firm or the bank etc

[@xyzxyz23513]

Par export me nationalise bank ko hi puchhate hai

[@iiiemeximinstitute]

Nationalized, private sector banks - all are equally good

[@syedtouheedmian3179]

#ASKiiiEM sir I want to know that if I made a deal with buyer and at a time of payment there is changes in price of dollar so I get payment in current figure or in the same that was there at the time of deal

[@iiiemeximinstitute]

Keep your quotation valid for a short time like for one week then revise the rates as per the dollar rates, if needed.

[@ajajshaikh8067]

Banker is not replaying in a proper way??? Why he is not givining the limited answer??

[@iiiemeximinstitute]

hmm

[@RAVIKUMAR-ir3vu]

Sir ji thanks, kya mai Export, Import me documentation ka certificate course kar sakta hu, reply please

[@iiiemeximinstitute]

Thank you for your comment & interest in Export - Import. For this you need to learn the processes and procedures of Import-Export. Kindly visit to find the nearest iiiEM location, out of 36+ cities that iiiEM has its presence in India. www.iiiem.in/contact-us.html. or call on 9377590864. We suggest you to also subscribe to our KZbin Channel. We thank you for your interest, once again.

[@RAVIKUMAR-ir3vu]

@@iiiemeximinstitute Sir Thanks, Gurgaon me iiEm study center kaha hai

[@goutamkumarpaul840]

Gola ka auaz saf nehi hai .bat somaj mai nehi ata .

[@iiiemeximinstitute]

Ok. Noted your feedback

[@pushicheema80]

Takle you should open in yes bank😃😃😃😃😃😃😃

[@iiiemeximinstitute]

Dear Pushi, please avoid this kind of statements, there are many readers who may not understand this kind of jokes.

[@SANATAN_HI_SATYA_DHARMA_HAI]

We don't want golden bird we want India to become a golden lion like Modiji so that no power can enslave it again. no activity can match the supreme sacrifice of a soldier for his country so don't reduce the importance of soldier and his sacrifice, without military power india can not become a golden lion

[@iiiemeximinstitute]

Noted

[@deeplove5188]

Particularly 😂😂😂😂

[@iiiemeximinstitute]

Thank you

[@mohammedalauddin2118]

Sir, Please open your account with doctor first for your throat.😂😂

[@iiiemeximinstitute]

Thank you for your suggestion and concern.

[@mukeshgada696]

Alkesh Patel didn't give perfect answer

[@iiiemeximinstitute]

Ask your queries here

[@rohangupta444]

Totally Unexperienced banker . Question kuch puchre hai and answer kuch dera h

[@iiiemeximinstitute]

hmmm