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Trade Services - Domestic LC Backed Bill Negotiation

As a beneficiary of an LC, you can avail of the negotiation of complying LC-backed bills and receive financing for the bill before its due date. You can avail short - term finance without having to set up regular credit limits with the Bank and LCs issued by both Axis Bank and other banks can be considered for negotiation. We offer competitive cost of financing and the same is also available for non-credit customers provided that the LC is restricted to Axis Bank.

How it works

How it works?

Sellers can receive immediate payment by using their LC-backed bills through Axis Bank.

  • 01

    Sellers receives LC from the buyers bank.

  • 02

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

  • 03

    The seller can request Axis Bank as a Negotiating bank, to negotiate and pre pay the bill amount.

  • 04

    Subject to internal approvals and sanction/ bank line availability, the bank would negotiate the documents.

Fees & Charges

Interest and charges are applicable and determined on a case-to-case basis.

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Disclaimer

Product offering is subject to certain eligibility criteria as per Bank's internal policy and is subject to Bank's discretion.

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