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- Export Bill Collection
Export Bill Collection
Our Export Bill Collection facility helps you to present documents to the Importer’s Bank in order to collect payment from the importer on your behalf.
Features & Benefits
Efficient document processing
Experience quick and streamlined handling of your export documents.
Seamless export proceeds collection
Simplify your collections with our extensive correspondent banking network.
Reliable courier partnerships
Benefit from timely and secure dispatch of documents through trusted international courier services.
Proactive payment follow-ups
Ensuring timely updates and follow-ups with collecting banks for outstanding payments.
How it works?
The process of export bill collection is a breeze with Axis Bank.
- 01
The seller and the buyer agree to conduct business and agree that payment be made based on a documentary collection.
- 02
The seller ships the goods and tenders the documents to Axis Bank (Remitting Bank) along with the collection instructions.
- 03
Axis Bank sends the documents to the Buyer's Bank (Collecting bank) mentioning the collection instructions.
- 04
Buyer's Bank notifies the buyer of arrival of documents, for its payment/acceptance.
- 05
The Buyer pays the amount due or accepts the draft and in turn receives the documents
- 06
Buyer's Bank remits the amount to Axis Bank.
- 07
Axis Bank credits the amount to the seller’s account.
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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