Bills Discounting under LC

  • We discount Bills drawn under confirmed Letter of Credit issued by Nationalized and reputed Private Sector Banks or reputed Co-op. Banks.

    The Bills drawn should in strict conformity with the terms of the LC & should have arisen out of bona fide commercial or trade transactions.

    Documents to be submitted
    • Bill of exchange
    • In respect of Bills to be discounted drawn under L/C, all the documents mentioned in the Letter of Credit should be submitted by the party alongwith the original L/C.
    • Receipted Challan being proof of delivery of goods/ Documents of title to goods evidencing despatch of goods (RR/ LR/ shipping) documents.
    • Any other documents as required by the bank at a later stage
    • Service charges as applicable.
    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.