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.
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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.
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| For more details, write into us at loans[at]abhyudayabank[dot]net , and Abhyudaya Co-op Bank will get back to you. |