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Export Bill for Collection

Export Bill for Collection

Apply now for Export Bill

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
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How Export Bill Collection Works

  • 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

The ICICI Bank edge

  • Quick Turnaround time
  • Convenience - Handover bills at any nearest ICICI Bank Branch.
  • Personalized service - Dedicated Relationship Manager offering doorstep services.

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