Overview

Bill discounting is a facility that enables the organisation to get immediate release of funds even though the credit period for the bills or the due date for the payment of the bills or the invoices is at a later date.

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Features &
Benefits

Features & Benefits

  • imgImmediate availability of funds to the extent of your sanctioned credit limits
  • imgAddress funding gaps in your cash flow cycle
  • imgQuick processing and hassle-free documentation

How it works?

 

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Seller and buyer enter into a contract for the sale of goods or services.
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Seller raises the invoice on the buyer for the goods sold.
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Buyer accepts the invoice raised, which entails the acceptance of payment of the dues mentioned in the invoice.
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Seller will then approach Axis Bank for Bill discounting.
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The bank, upon assuring the authenticity of the transaction and the creditworthiness of the buyer, will release the funds to the seller after deducting the agreed margin, fees and discount.
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At the time of maturity of the bill, the bank will duly present the bill and collect the dues from the buyer.
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Fee &
Charges

Fee & Charges

Trade –SOC

Disclaimer:

Product offering is subject to certain eligibility criteria as per Bank's internal policy and is subject to Bank's discretion