We offer competitive rates for discounting of Bills under Letters of Credit for a Tenor up to 180 days. Bills of even longer period tenors could be considered subject to RBI approval.
Benefits of discounting the Bills with us:
- State Bank of India's expansive reach, stretching across continents and time zones translates into faster communication, quicker realization of proceeds etc.
- Effective and personalized service.
- Discounting Facility at competitive LIBOR linked Interest rates.
- The availability of the LC, acceptability of the LC, exposure angle clearance etc.