Trade words

AD bank

Authorised dealer (Category-I) bank

A bank RBI allows to deal in foreign exchange. Your export earnings and import payments go through it, and it reports them to RBI.

Set by RBI

हिन्दी में पढ़ें

Lessons that use this word

  1. Lesson 14 min readHow importing and exporting work, end to endThe whole journey of a shipment in and out of India: who does what, which papers move, and where customs and the bank come in.
  2. Lesson 24 min readIEC: what it is, who needs one, how to apply on DGFTThe 10-character code you need to import or export goods: who is exempt, how to apply on DGFT, and the yearly update that keeps it active.
  3. Lesson 125 min readShipping bill and Let Export OrderHow you declare an export on ICEGATE, how customs clears it, and how the same shipping bill reaches your bank and your export incentives.
  4. Lesson 205 min readGetting paid: advance, LC, DA and DPThe main ways an exporter gets paid, the risk each puts on you and your buyer, how documents move through banks, and how to check a buyer.
  5. Lesson 216 min readRBI's payment rules and deadlines (FEMA 2026)RBI's export and import payment rules from 1 October 2026: declaring exports, the deadline to be paid, extensions, set-off and paying for imports.
  6. Lesson 224 min readPurpose codes for foreign paymentsWhat RBI's purpose codes are, how receipt and payment codes differ, and the codes traders use most for goods and services.
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Trade Academy is education, not legal, tax or customs advice. Rules and rates change by notification: check the live source, or ask a licensed customs broker, before you act.