e-BRC

Definition : electronic Bank Realization Certificate
Category : Business » Banking
Country/Region : India India
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Initialism

What does e-BRC mean?

Electronic Bank Realization Certificate (e-BRC) is the electronic form of a physical Bank Realization Certificate (BRC). The e-BRC platform enables electronic transmission of foreign exchange realization information related to exports on to the Directorate General of Foreign Trade (DGFT) server under a secured protocol. It is an initiative to increase transparency and promote paperless trade.