Bill Discounting facilities (DBD/ SBD).

  • We discount bills drawn by our customer against reputed buyers and pay him immediately to meet his short term requirement from the date of sale to date of realization.
    Key points / Documents required:-
    • The bill of exchange arising out of genuine trade transaction duly accepted by the Drawee.
    • Receipted Challan/Excise Gate pass evidencing dispatch and receipt of goods in duplicate.
    • Copies of Invoice & Purchase Order.
    • Documents of title of goods that is Lorry receipt/ railway receipt etc.
    • If the bill is delayed, the borrower or his customer pays the Bank a pre-determined interest depending upon the terms of transaction.
    • Collateral security required as per Banks Prescribed norms.
    • Service charges as applicable.
    For Interest rate Click Here
    For more details, write into us at loans[at]abhyudayabank[dot]net  , and Abhyudaya Co-op Bank will get back to you.