Sber has launched a deferred payment letter of credit for importers from India

Sber has launched a new financial product for importing companies - a letter of credit in rupees with deferred payment for purchases in India. The tool will help Russian buyers to increase purchases in India, expand cooperation with partners and reduce risks when working with Indian suppliers.

Sber will make settlements with Indian suppliers in rupees. Depending on the terms of the letter of credit, the Indian supplier will be able to receive payment in advance or after shipment of the goods to the Russian buyer, who will be able to make payment under the letter of credit with a delay of up to 6 months.

"Due to the fact that Sberbank has a branch in India, we can offer customers products in rupees. We have been conducting pilot operations with financing deferral of letters of credit in Indian currency since the summer of 2025 and have seen the interest of our customers in this mechanism," said Anatoly Popov, Deputy Chairman of the Board of Sberbank. He stressed that the bank can finance up to 100% of the cost of delivery from India, while the interest rate for using the delay is several points lower than the ruble loan rate.

The structure of the transaction using a letter of credit will reduce possible risks, and the use of deferral will increase the attractiveness of the terms of the transaction for all participants, the bank noted.

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