Discounting a bill of exchange issued by the drawer and accepted by the drawee by advancing money to the drawer/seller. A self-liquidating loan which is paid by the drawee on the due date.
We offer following bill discountings:
Bill discounting facilities are customized to suit the client’s requirement for short term finance at competitive rates, which enables them to have improved liquidity, accuracy and visibility of cash flow. We provide financing for bills drawn on documents against acceptance terms, to the extent of sanctioned credit limits to help improve cash flows. Competitive rates, Online/Physical options available, Seamless execution
Customers of Kotak Mahindra Bank with credit facility extended.
Fees & Charges
For detailed fees and charges please contact with your relationship manager or visit our nearest branch