LC Bill Discounting
Features & Benefits
Bank offers the LC Bill Discounting facility to its customers.
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.
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Bank guarantee (BG) is used to strengthen and/or secure an obligation under a commercial contract. Customers can apply to the Bank to issue BG in favour of a Beneficiary.
LC Bill Discounting
Features & Benefits
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