Pcfc - disbursement & settlement

Gaurav (24 Points)

09 October 2015  

Hello,

Would like some clarifications regarding the PCFC.

1) During the disbursement/avaling of PCFC, do the banks usually disburse the funds as per the exchange rate based on their Card Rates (which is usually quite low) or IBR less some margin.

2) The interest calculation on PCFC (let's sayd after 180 days) - is it in INR or in Foreign Currency itself. My banks say that I have to pay them in EUROS - meaning that after 180 days, I have to pay them (lets assume interest rate os 2.5%) - EUR10000 + EUR125 of interest.