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ESCROW Account

ESCROW Services

Federal Bank offers dedicated ESCROW services to meet the requirements of clients including:
 
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Project Financing
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Debt Repayments
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IPO collections of listed companies
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Liquidations
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Mergers and Acquisitions
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Counter Trade arrangements in foreign trade
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FDI – for non-resident corporates for acquisition/transfer of shares/debentures through open offers / delisting / exit offers
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Transfer of Intellectual Property Rights
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Handling of Judgement Money in the case of Litigations

Benefits

  • Safe and secured mode of routing cash flows.
  • Hassle free account opening.
  • Dedicated services.

 

The Bank (Escrow Agent) is not a party to the original contracted transaction, and therefore is not responsible in any manner for the performance/fulfilment of the transaction. The Escrow Agent assumes only the liability of a stakeholder to the escrow agreement – i.e. limited to their role as a custodian of the funds routed through the escrow account, or in case of property other than money, the custody of the documents or property entrusted.

Fees & Charges

0.10% of the amount routed through the escrow account, subject to a minimum of Rs.25000/-.

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