Andhra Bank provides Bill finance facility to its corporate / non corporate clients in reducing the mismatches in cash flows and facilitates smooth running of business. Besides the fund based bill finance, agency services for collection of documentary bills/cheques will be provided.
In our fund based bill finance facilities, we offer post-sale credit against bills as follows,
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Purchase of bills drawn under L/C or confirmed order.
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Discounting of usance bills drawn under L/C or confirmed order.
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Negotiation of documents under L/C.
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Purchase of cheques.
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