Discount Bills drawn under  Letter of Credit issued by Nationalized and reputed Private Sector Banks or reputed Co-op. Banks  and  foreign banks
The Bills drawn should in strict conformity with the terms of the LC & should have arisen out of bona fide commercial or trade transactions.

​Documents to be submitted

• Bill of exchange: In respect of Bills to be discounted drawn under L/C, all the documents mentioned in the Letter of Credit should be submitted by the party alongwith the original L/C.
• Receipted Challan being proof of delivery of goods/ Documents of title to goods evidencing despatch of goods (RR/ LR/ shipping) documents.
• Any other documents as required by the bank at a later stage.
• Service charges as applicable.

 

​