Exchange Rate Automation Module automates SBI-derived exchange rate publication on ICEGATE, effective from the following midnight. ERAM on ICEGATE automates receipt of SBI card rates, adjusts them to the nearest five paise, integrates them into ICES and publishes them online at prescribed times; published rates take effect from midnight of the following day and are retained for historical reference, while designated nodal officers and contingency procedures govern failures, with the last updated rates remaining in force until corrected.
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Exchange Rate Automation Module automates SBI-derived exchange rate publication on ICEGATE, effective from the following midnight.
ERAM on ICEGATE automates receipt of SBI card rates, adjusts them to the nearest five paise, integrates them into ICES and publishes them online at prescribed times; published rates take effect from midnight of the following day and are retained for historical reference, while designated nodal officers and contingency procedures govern failures, with the last updated rates remaining in force until corrected.
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