Lc Discounting in India

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LC Discounting India
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LC Discounting India

• Letter of credit discounting is a short-term
  credit facility offered by various banks to the
  beneficiary. The bank purchases the documents or
  bills of the seller thereafter fulfills certain
  compliances requirement and provides the needed
  documentation to the dispatched to Letter of
  credit opening bank.
• Meeting these compliances in accordance with the
  LC terms, the bank makes him/her the payment for
  a security or a fee. Get better control over your
  receivables and cash flow management

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Features of LC Discounting India

• Lending institutions can pay the discounted value
  of the invoice to the seller, immediately upon
  shipment.
• You can able to get LC discounting India services
  at best rates in rupee with personalized
  benchmark services.
• Fees and Charges
• Competitive commission fee
• Competitive margins
• Transparency in other charges

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Benefits

• Customized solutions to cater to all requirements
• Expertise and dedicated manpower for transactions
• Single window contact point
• Simplified process with minimal documentation
• Excellent turnaround time
• Advantages of Bill Discounting
• Bill discounting is a advantageous credit
  facility to businesses, banks, finance companies
  especially companies engaged in trading sectors.  

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How Bill Discounting LC India works?

• Step 1 - Buyer to apply for LC.
• Step 2 - Seller bank to issue LC.
• Step 3 - ICICI Bank to advise the LC.
• Step 4 - Seller to dispatch goods to buyer
• Step 5 - Seller to submit transportation
  documents to ICICI Bank.
• Step 6 - ICICI Bank to submit the documents to
  sellers Bank.
• Step 7 - Sellers Bank to inform the buyer about
  the documents
• Step 8 - Bill discounted and funds credited when
  buyer gives it acceptance.