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Axis Bank’s Foreign Bill Purchase/Discounting Facility has been designed to help corporates realise faster payments, once they have shipped the goods to their buyers overseas. This facility is available for goods sold on credit by the corporates and for which they have not received any Letters of Credit (LC) from the buyer.
Foreign Bill Purchase/Discounting Facility helps businesses receive payment for goods sold overseas on credit. It helps corporates avail funds immediately after shipment.
As this facility provides immediate liquidity, it helps corporates address funding gaps in their cash flow cycle.
Quick processing and hassle-free documentation through a completely digital journey.