Forward rate agreement
(Updated at 10:51, 12/8/2010)
Forward rate agreement is an agreement between Agribank and a financial institution that solely involves in exchanging interest rate difference, apart from principal amount related in order to prevent interest rate risk.

Benefit:

 

-          Transaction will be rapidly completed through Reuters system, fax, SWIFT or inter-bank electric remittance because Agribank is the member of banking association with 10-year inter-bank experience.

 

Distribution channel/ Contact:

 

-          Directly contact FX Department of Agribank’s Operations Centre

 

Process:

 

-          After Transactions are approved, data will be entered in to IPCAS and confirmation will be made by SWIFT or fax and then transaction will be monitored to make payment on the due date.

-          Profit and stop loss limit in forex dealing of Agribank’s Operations Centre is decided by Chairman of Board of Directors.

-          Director of Agribank’s Operations Centre will decide limits on buying and selling foreign currencies in spot transactions for FX Department and each of its officers.

-          Transaction principle: safe, effective, subject to FX dealing limit and ensure liquidity of the Agribank and maintain foreign currency balance adapted to the Sate bank’s rule for a certain period.

Online Banking

ATM/POS locations

Forms, Fees and Interest rates
View savings interest rates
View service charges

Registration form

Applied at Operations Centre of Agribank

Exchange Rate
Updated at
Applied at Agribank Operations Centre

Agribank Contact Center
1900558818