NSE: 

LC Bill Discounting

LC Bill Discounting

Bank offers the LC Bill Discounting facility to its customers.

  • Features & Benefits
  • Documents Required
  • Rates & Charges

Requirements:

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