Inland Bill Discounting (LC backed)
Inland Bill Discounting (LC backed)
Faster turnaround time
Lower cost of financing
Handling of documents as per instructions for smooth functioning of your business
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Short term finance to facilitate your working capital needs
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Financing based on acceptance received from LC issuing Bank
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The seller receives Letter of Credit (LC) from the buyer’s bank.
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Post shipment, the seller will present the documents as per LC terms.
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The seller can request Bandhan Bank (negotiating Bank) to negotiate & prepay the bill amount, also known as sale bill discounting (LC backed).
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The Bank would negotiate the documents post receipt of acceptance from the LC issuing bank.
T&C apply
Managing and growing your business can be done conveniently
Apply for Trade Finance offerings from Bandhan Bank today
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