About Letter Of Credit - AU Small Finance Bank
AU Bank

Letter of Credit
Utilize the creditworthiness of your bank

Apply For Letter Of Credit
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About Letter of Credit

    Letter of Credit (LC) is a written undertaking issued by a bank on behalf of its customer in the favour of the beneficiary. It promises to pay a certain sum of money against presentation of stipulated set of documents that comply with the terms of the LC. Under an LC, the creditworthiness of the bank replaces that of the customer.


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Features

  • AU Bank issues, amends and pays sight and usance Letter of Credit
  • Deals in both Domestic Letter of Credit and Import Letter of Credit
  • Dedicated professional Trade Finance desk


Fees and Charges

  • Competitive interest rates
  • Competitive commission fee
  • Transparency in other charges


Benefits

  • Efficient management of paper-based requests for LC
  • Comprehensive, fully automated online services
  • Quick turnaround time


List of Documents

  • Know Your Customer (KYC) documents
    1. Firm’s registration copy
    2. PAN Card copy
    3. Incorporation Certificate, if any
    4. GST Certificate
  • Financial documents
  • LC application
  • Performa Invoice (PI)/ Purchase Order (PO)/ Sales Contract underlying documents
  • Insurance, if applicable


Empowering Customers