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Introduction

Import services facilitate the seamless acquisition of goods and services from international markets. By leveraging them, businesses can access the best products and resources worldwide.

Features tailored for you

Types of BGs

Import Collection

  • Your exporter or their bank sends export documents directly to HDFC Bank for payment upon sight or acceptance. 

  • Upon their arrival, we will notify you immediately. Simply authorise us to debit your account or accept the bill of exchange, and the documents will be promptly released to you.

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Import Advances

  • When your exporter requires payment in advance before shipping the goods, you can utilise our Import Advance service to transfer funds to them.

  • Advance import remittance is widely used in international trade settlements.

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Import Letters of Credit

  • A Letter of Credit (LC) is a commitment from a buyer's or importer's bank (the issuing bank) to the seller's or exporter's bank (the accepting, negotiating, or paying bank).

  • LC guarantees payment to the exporter for a specified amount in a designated currency, provided the seller meets specific conditions and submits required documents within a defined timeframe.

  • LCs help SMEs manage cash flow efficiently and offer operational flexibility.

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Import Direct Payment

  • If you receive documents directly from your overseas supplier and need to make payment against them, visit HDFC Bank with the documents to arrange prompt remittance for your imports.
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Frequently Asked Questions

Yes, you can track the status of your import transaction online using HDFC Bank’s TradeOnNet portal. It allows you to manage import and export services, including bill collections, advances, and direct payments.

To apply for HDFC Bank’s Import Trade Services, visit the nearest HDFC Bank branch or apply online.  You can choose from a range of services, including Import Collection, Import Advances, Import Letters of Credit, and Import Direct Payment.

The processing time for an import transaction varies depending on factors like documentation completeness, bank processes, and customs clearance.

More about Import Services

  • Services
  • Import Collection
  • Your exporter or their bank sends export documents directly to HDFC Bank for payment upon sight or acceptance. Upon their arrival, we will notify you immediately. Simply authorise us to debit your account or accept the bill of exchange., The documents will be promptly released to you.
  • Import Advances
  • When your exporter requires payment in advance before shipping the goods, you can utilise our Import Advance service to transfer the funds to them.
  • Advance import remittance is widely used in international trade settlements.
  • Import Letters of Credit
  • A Letter of Credit (LC) is a commitment from a buyer's or importer's bank (the issuing bank) to the seller's or exporter's bank (the accepting, negotiating, or paying bank).
  • LC guarantees payment to the exporter for a specified amount in a designated currency, provided the seller meets specific conditions and submits required documents within a defined timeframe.
  • LCs help SMEs manage cash flow efficiently and offer operational flexibility.
  • Import Direct Payment
  • If you receive documents directly from your overseas supplier and need to make payment against them, visit HDFC Bank with the documents to arrange remittance for your imports. We ensure your exporter receives prompt payment.