Our Service Offerings
Features and Benefits of Letter of Credit
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Types of LC issued
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Export LC Advising & LC Confirmation
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Key Benefits
More About Letter of Credit
A Letter of Credit (LC) from HDFC Bank provides a secure payment method in international trade. It assures sellers of payment upon fulfilling specified conditions. Key features include:
To apply for a Letter of Credit with HDFC Bank:
Pay applicable fees and charges as per Bank's schedule
| Description | Charges | Commission | SWIFT/Courier |
|---|---|---|---|
| Letter of Credit FCY issuance (FCY/LCY) | Documentation charge - ₹ 1,500 (if applicable) |
Fedai charges * / IBA ** Min ₹ 2,000. |
FCY - ₹ 2,000 SFMS / LCY - ₹ 1,000 |
| SBLC Issuance (FCY/LCY) | Documentation charge - ₹ 1,500 (if applicable) |
1.8% Per Annum, min ₹ 2,000 |
FCY - ₹ 2,000 SFMS / LCY - ₹ 1,000 |
| Guarantee issuance (Financial,Performance) |
Documentation charge - ₹ 1,500 (if applicable) |
1.8% Per Annum, min ₹ 2,000 |
₹ 1,000 |
*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Frequently Asked Questions
An export-import LC is a financial document issued by a bank on behalf of a buyer, promising payment to a seller upon presentation of specified documents, ensuring security of a transaction.
Yes, a Letter of Credit for export can be revoked or cancelled. A Revocable LC allows the issuing bank to change or cancel the terms and conditions without prior notice to the beneficiary.
Yes, HDFC Bank offers transferable Letters of Credit for import and export. This type of Bank LC has a provision that allows the bank to transfer the sum specified by the LC to another party at the request of the original beneficiary.
Yes, HDFC Bank’s Letter of Credit can be used for domestic and international transactions.