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Bill Discounting

A solution to your
business need

While discounting a bill, the Bank buys the bill (i.e. Bill of Exchange or Promissory Note) before it is due and credits the value of the bill after a discount charge to the customer's account

 

The transaction is practically an advance against the security of the bill and the discount represents the interest on the advance from the date of purchase of the bill until it is due for payment.

 

The Essentials

  • Discount the customer's bill.

  • Facilitates imports and exports

  • Brings in revenue

 

Terms & Conditions apply

Details and terms & conditions mentioned in this page may change from time to time
Please contact the nearest branch for prevailing details and terms & conditions