• 1. Bank charges exceedingly higher then Rs.1-2 lacs p.a?
  • 2. Bank charges audit pending?
  • 3. Not Sure if transaction charges are accurately charged?
  • 4. Transaction charges varying for different transactions of same type?
  • 5. Charged differently for transaction of similar volume?
  • Bank charges exceedingly higher then Rs.1-2 lacs p.a?
  • Bank charges audit pending?
  • Not Sure if transaction charges are accurately charged?
  • Transaction charges varying for different transactions of same type?
  • Charged differently for transaction of similar volume?

Bring transparency,
Let edugains audit!

Import/Export Payments
Flip to learn more
1. Advisory and Execution of transactions. 2. Monitor each and every import / export payment. 3. Advisory on market timings. 4. Bank negotiations to get best price.
Hedging Strategy Management
Flip to learn more
1. Assistance on when to hedge or not to hedge. 2. Suggest an ideal time period, strategy and amount to hedge according to the market. 3. Also on cancellation or early utilization of transactions.
Reducing overall finance cost
Flip to learn more
1. Audit Bank charges/Interest outgo without change of bank. 2. Suggest best type of loan product according to business needs. 3. Advise on when to borrow in USD or INR.

Free Q&A with Ex-Bankers

Contact us now!

We save those costs which business normally can't identify

Identifying

Understand the various type of bank charges levied for different transactions.

Auditing

Audit the transaction charges levied with the respective banks to ensure they are accurately charged.

Rationalizing

Arrange for reversal of charges wrongly levied and ensure they are correctly charged for future transactions.

Import/Export Payments
Flip to learn more
1. Advisory and Execution of transactions. 2. Monitor each and every import / export payment. 3. Advisory on market timings. 4. Bank negotiations to get best price.
Hedging Strategy Management
Flip to learn more
1. Assistance on when to hedge or not to hedge. 2. Suggest an ideal time period, strategy and amount to hedge according to the market. 3. Also on cancellation or early utilization of transactions.
Reducing overall finance cost
Flip to learn more
1. Audit Bank charges/Interest outgo without change of bank. 2. Suggest best type of loan product according to business needs. 3. Advise on when to borrow in USD or INR.

Frequently asked questions

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How to ascertain what is fair interest rate that my bank should charge me?

Edugains can help you with scientific methods like RAROC (Risk Adjusted Return on Capital), which can be used to arrive at fair interest rate to be charges by the bank

I fall in MSME category. What benefits can I get from banking system?

If you have exports, bank would pass 3% benefit on interest rate on export financing (if taken in Rupee). If you don’t have exports, you may get some concession on interest rate. Amount of concession would depend on your size and bank you are dealing with.

Is it correct to say that foreign banks give good exchange rate compared to Indian banks?

Absolutely no correlation between type of bank and quality of exchange rate that you receive. Quality of exchange rate is a function of how much spread have you agreed for your bank to charge you.

More FAQs
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