Overview

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

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Features &
Benefits

Features & Benefits

  • imgQuick processing of documents
  • imgHassle-free collection of export proceeds through our correspondent network.
  • imgWe have tie-up with internationally reputed courier agencies to ensure prompt, efficient and timely dispatch of your documents
  • imgFollow up with the collecting bank on non-receipt of payment

How it works?

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The seller and the buyer agree to conduct business and agree that payment be made based on a documentary collection.
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The seller ships the goods and tenders the documents to Axis Bank (Remitting Bank) along with the collection instructions.
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Axis Bank sends the documents to the Buyer's Bank (Collecting bank) mentioning the collection instructions.
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Buyer's Bank notifies the buyer of arrival of documents, for its payment/acceptance.
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The Buyer pays the amount due or accepts the draft and in turn receives the documents
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Buyer's Bank remits the amount to Axis Bank.
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Axis Bank credits the amount to the seller’s account.
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Fee &
Charges

Fee & Charges

Trade –SOC

 

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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