Bill Discount Service is a financial solution that allows businesses to receive immediate funds by discounting their bills or invoices before the due date. By selling bills to a bank or financial institution at a discounted value, companies can improve cash flow, manage working capital efficiently, and maintain smooth business operations.
Inland traders can avail the discounting of the bill of exchanges on inland L/cs: we can assist you in finding the optimum cost options with the banks which are providing the better rates.
Bills discounting is an effective solution to short-term fund problems arising on account of blockage of funds in receivables. We act as a broker where we Discount the Bill backed by ILC to smooth operations of business.The Letter of Credit is issued by the clients against their Working Capital limits from their Banks. We offer to arrange for the Negotiation of the Usance LC documents @ best possible rates from a wide choice of nationalized banks, linked with short term money market. The said service offers the client to have the pricing in their control, be it from Sales or Purchase perspective.
Bill Discountinga. Immediate payment of receivables at discounted prices, offer high levels of liquidity b. We offer two types of BDs Sales Bill Discounting and Purchase Bill Discounting
he Scheme covers purchase / discounting of bills arising out of genuine trade transactions i.e. purchase of supplies made by small scale units to reputed Public Limited Companies / State and Central Govt. Departments / Undertakings.
SELLERSSmall Scale UnitsBUYERS i) State and Central Govt. Departments / Undertakingsii) Public Limited CompaniesGRANT OF PURCHASER-WISE LIMITSBills drawn by small-scale units for the supplies made by them and duly accepted by the Purchaser will be financed against security of Bank Guarantee in favour of NSIC.Purchaser unit(s) may approach NSIC for sanction of annual limits by furnishing information as per the prescribed application form.
Working capital is one of the essentials for smooth running of your business. Our constant endeavor is to provide you with innovative solutions designed to meet your working capital needs. Our Invoice Discounting facility includes finance against your domestic receivables by discounting invoices. It helps you to convert your receivables into instant cash which improves liquidity resulting into healthy and continuous cash flow of your business.JRLFS arranges for discounting of Bills of Exchange accepted by good credit worthy Companies and also under Letters of Credit opened by reputed banks. We offer best rates at any point of time supported by excellent services.