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 

  • 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.

  • Post shipment, the seller will present the documents as per LC terms.

  • The seller can request Bandhan Bank (negotiating Bank) to negotiate & prepay the bill amount, also known as sale bill discounting (LC backed).

  • 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

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