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Solution for Exporters
- Debt & Working Capital
24x7 Loans
For MSMEs with turnover up to ₹30 Cr
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- Domestic LC Backed Bill Negotiation
Domestic LC Backed Bill negotiation
Beneficiary of a LC can request negotiation of a complying presentation of LC backed bill and gets payment of the bill value before due date.
Features & Benefits
This account comes with a host of unique features:
- Zero Monthly Average balance Requirement
- Extended benefits in cash deposits, withdrawal, chequebook, NEFT and RTGS
- Nil Monthly Service charge
- Classic , Supreme and Platinum options available for debit card. Click here
How it works?
- 01
Sellers receives LC from the buyer’s 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.
