#ThisIsHow to initiate a Standby Letter of Credit from BarodaINSTA - #BankofBaroda
30 Nov 2021
#BankofBaroda's BarodaINSTA SmartTrade is your one-point solution for all trade transactions. The #ThisIsHow series aims to help you be on top of your digital banking journey. Let's see how you can initiate standby letter of credit from BarodaINSTA:
- 0:10 - 1. Log in to www.barodainsta.com
- 0:14 - 2. Enter company ID, user ID and password
- 0:18 - 3. Go to Trade Services tab and click on trade credit through standby LC, followed by SI initiation and from scratch
- 0:29 - 4. Enter all requested details such as beneficiary details, amount details, shipment details, transfer details, trade credit details and bank details
- 1:29 - 5. Accept terms and conditions
- 1:34 - 6. Upload files
- 1:42 - 7. Print the transaction details
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