Letter of credit issuance
For any business, a reliable payment/settlement mechanism is always a comforting factor. A Letter of Credit (LC) is just that!
An LC is a written undertaking issued by a bank on behalf of its customer, which assures timely payment to the beneficiary, thereby allowing the customer to negotiate on better terms..
With IDFC Bank, you can enjoy a range of options — from efficient management of paper-based requests for LCs, to a comprehensive, fully-automated online service.