Page-header-breadcrumb

Breadcrumb

LC-BILL_SME-CONTENT

Features & Benefits

Bank offers the LC Bill Discounting facility to its customers.

star-with-tick-icon
The bills should be drawn under irrevocable Letter of Credits issued by a Commercial  Bank in India.
star-with-tick-icon
The Bills drawn are in strict conformity with the terms of the LC.
star-with-tick-icon
Bills of exchange should have arose out of bonafide commercial or trade transactions.

Documents Required

  • Bill of exchange
  • Letter of credit
  • Receipted Challan being proof of delivery of goods/ Documents of title to goods evidencing despatch of goods (RR/ LR/ shipping documents)
  • Any other relevant documents.
  • The bills should be got accepted by the drawee through their bankers.
  • Interest for the usance period, actual postage and handling charges will also be collected.

Explore Other Trade Finance Services

YOU-MIGHT-BE-INTERESTED-HOME

You might be interested

Recommendations for a safe and easy banking experience

Blog

Stay tuned to banking innovations & trends and make smart financial decisions

Learn More
Tutorial Videos

Watch tutorial videos about our products & services and harness the power of digital banking.

Learn More
Safe Zindagi

Our guidelines and tips for secure banking with total peace of mind

Learn More