Benefits

Benefits of Letter of Credit

  • Turnaround Time
  • Broader correspondent bank network ensuring Swift LC Receipt, Advising, and Transmission.
  • Compliant & Secure
  • We ensure payment security for both parties, adhering to international standards set out in UCP 600.
  • Certified Assistance
  • Certified Trade Experts for interpretation and clarification of the LC terms. 
  • Dedicated Service
  • 100% branches equipped to manage LC, supported by dedicated Trade Helpdesks. 
  • Specialised
  • Get insights from and leverage the expertise of Certified Trade Specialists
  • Digital
  • Apply for your LC online via the dedicated TradeOnNet portal.

Frequently Asked Questions

A Letter of Credit (LC) is a financial document issued by a bank that guarantees payment to a seller on behalf of a buyer, provided that specific conditions are met. It's commonly used in international trade.

HDFC Bank’s secure and reliable Letter of Credit services can help businesses enhance their international trade operations, while boosting the business’ credibility across Global Trade Markets. Our certified Trade specialists are committed to assisting businesses at every step of their LC journey, ensuring compliance with UCP 600 international standards.