IndusInd Bank offers a wide range of export services designed to assist you in building on your strengths, so that your company can seize new business opportunities around the world. Exporters can face significant risks when they undertake international trade, not least the fear of delay or non-payment. Whether you are a new or long-established exporter, IndusInd Trade Services can help you to reduce risks, and allow you to focus on growing your export business.
Export Bill Collection Services
For exporters, export bill collections is a more secure option than trading on open account terms because the shipping document will be delivered to the importer only against payment or an acceptance to pay on due date. Routing your bills through us ensures that you realise your export proceeds with fewer delays gaining increased control over export receivables and efficient cash flow management. We ensure prompt efficient and timely dispatch of your documents through our tie-up with internationally reputed courier agencies.
Export LC Advising
A Documentary Credit ("DC") opened by the overseas importer's bank, will be checked for authenticity and couriered across to your doorstep. With our specialist team, we can explain complex LC terms and assist you in preparing your documents besides advising LC for you.
Export LC Confirmation
When you are not comfortable with the credit standing of an LC opening bank or if you are worried about the political climate or credit risk of the buyer's country, we are there to assist you with our L/C confirmation services. Once we add our confirmation, you are assured of payment, subject to documents being as per L/C terms & conditions, even in the case of non-payment by the L/C opening bank.
LC backed Export Bill Discounting
We can discount your export bills at competitive rates upon receipt of acceptance from the L/C issuing or confirming bank. The discounting would be subject to compliance with the bank’s internal process and policy requirements.
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