Payment order is an international banking term that refers to a directive to a bank or other financial institution from a bank account holder instructing the bank to make a payment or series of payments to a third party.
At present as per request of the applicant up to EUR 500,000.00 or the equivalent in other currencies (for permitted goods) and up to EUR 1,500,000.00 or the equivalent in other currencies (for pharmaceutical goods and/or medical equipment) the Pasargad Bank honor to remit funds in favor of beneficiaries through the banks which have correspondent relationship with Iranian Banks. Above mentioned amounts may be changed by Central Bank of Iran (CBI) in future.
The deadline for presenting of documents to the bank is up to 3 months after the date of payment order.
The deadline for submitting the certificate of customs clearance is up to 6 months after the date of payment order.