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• The seller & buyer enter into a contract for the sale of goods or services.

• The seller raises the invoice on the buyer for the goods sold and submits the entire sets of documents to their bank for onward submission to the buyer bank.

• The seller will then approach Bandhan Bank for bill discounting.

• The Bank, upon assuring the authenticity of the transaction & the creditworthiness of the buyer, will route the documents to buyer’s bank, release the funds to the seller after deducting the agreed margin, fees & discount.

• The Bank will duly present the bill to the buyer’s bank and at the time of maturity of the bill, the seller’s Bank realised the dues from the buyer’s bank.

T&C apply