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Export Bill for Collection
Facilitating Smooth Documentary collections and payments for your exports
Just present your documents to us and ICICI Bank will send them to your buyer’s bank in a timely manner. Documents will be released to your buyer on payment or against acceptance.
ICICI Bank’s export Bill
- Get increased control over export receivables
- Make your international banking more uniform
- Face fewer delays in receiving payment
If you are interested to apply for ICICI Bank Business Banking services, please fill the form given below and we will call you within 24 hours.
Apply now for Export Bill
- Step 1 - The seller and the buyer enter into a contract and agree that payment will be made on basis of a documentary collection
- Step 2 - The seller ships the goods and tenders the documents to ICICI Bank (remitting bank) together with a corresponding collection order
- Step 3 - ICICI Bank sends the documents along with its collection instructions to the buyer’s bank (Collecting bank)
- Step 4 - The Collecting bank notifies the buyer on the arrival of documents for payment/acceptance
- Step 5 - The buyer pays the amount due or accepts the draft and in turn receives the documents
- Step 6 - The Collecting bank remits the amount to ICICI Bank
- Step 7 - ICICI Bank credits the amount to the seller’s account
- Quick Turnaround time
- Convenience - Handover bills at any nearest ICICI Bank Branch.
- Personalized service - Dedicated Relationship Manager offering doorstep services.
