#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
For all banking services, visit www.bobworld.com
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