11 August 2008
This query was posted few days back but strangely it disappeared shortly after posting(after the site was down for maintainance). Here is the query again:
I have two questions .Answer below questions Separately.
1)Is the terms of NATIONALISED BANKS IN INDIA with respect to Interest Rate, Bills Discounting Charges, Concessional TT/DD charges, Import LC charges, etc negotiable OR are they governed by internal policy which has to be strictly complied?
2) How does one go about negotiating the above mentioned terms ? Does one has to get the quotation from various banks before getting into negotiations ? I request the experts to please share their personal experiance in this regard in detail.
CAclubindia
