Embark on a global financial journey with Union Bank of India's Forex services. Step into the realm of foreign exchange and unlock a world of opportunities to seamlessly transact across borders, manage currency risks, and navigate the international market with confidence. As you explore this section, you will discover a myriad of Forex services offered by Union Bank. From foreign currency exchange and remittances to trade finance solutions and hedging instruments, our comprehensive suite of offerings ensures that you can seamlessly transact in multiple currencies and manage currency risks effectively.

Union Bank of India understands the importance of efficient and secure foreign currency transactions for businesses operating in the global marketplace. Our Other Foreign Currency Services offer a range of solutions to help you seamlessly manage your foreign currency needs. Whether it's foreign currency accounts, remittances, or hedging solutions, Union Bank of India provides the expertise and infrastructure to ensure smooth international transactions. Experience the convenience and reliability of our Other Foreign Currency Services and take your business global with confidence.

Union Bank of India understands the financial needs of businesses engaged in export activities. We are pleased to introduce our Foreign Currency Packing Credit facility, designed to provide you with the necessary funds for pre-shipment expenses and working capital requirements. With competitive interest rates, flexible repayment options, and expert guidance, Union Bank of India is your trusted partner in supporting your export business and driving its growth to new height

Foreign Currency Loans (FCL) and Foreign Currency Term Loans (FCTL) are provided by banks to Indian corporations to help them with working capital needs in place of WCDLs and to convert rupee term loans into FCTLs.

Working capital (FCL) is made available to exporters and importers for 180 days.

In substitution to WCDL/Cash Credit 3-6 months

Bank extends FCTL facility for

Importer of capital goods  - 3 years

In the case of term Loan Conversion – 3 years

The rate of interest is linked to ARR payable every month.

Pre shipment Credit in Foreign Currency (PCFC)

• Bank also provides Pre-shipment credit in foreign Currency (PCFC) to exporters at internationally competitive ARR related rates
• Repayment is being made by discount of export bills in Foreign Currency, or out of balances in EEFC.

Union Bank of India offers Buyer's credit to importers for their trade credit needs, specifically for importing goods. This credit facility is provided through our overseas branches located in Hong Kong, Dubai, Sydney, and our subsidiary in London. The credit is extended against the Standby Letter of Credit (SBLC) or Foreign Bank Guarantee issued by our bank. We ensure that the rate of interest and commission charged for this service are highly competitive. Importers can avail of Buyer's credit for 1 year for non-capital goods and 3 years for the import of capital goods.