Imports

Letter of credit issuance

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.


Services

  • Initiate an LC and Amendment requests on IDFC Bank BXP - Business eXperience Platform, our comprehensive Internet banking platform
  • 24x7 repository of the LC copy and advises
  • Flexibility to provide online acceptance/payment instructions
  • Book FX rates/forward contracts seamlessly

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