Bill Discounting

What’s in store for you

Bill Discounting

Benefits of Bill Discounting

  • Customized Solutions: Get tailored bill discounting options to meet your short-term finance needs from the date of sale to the date of payment receipt.
  • Save on Costs: Save on interest rate costs and avoid the need for collateral on loans.
  • Efficient Processing: Simplified processing, short turnaround times, and a single window contact to minimize delays in short-term and working capital funding.
  • Get more information on bill discounting services at corporatebanking@hdfc.bank.in and
    information on bill discounting under local letters of credit at drul@hdfc.bank.in

More About Bill Discounting

Large Corporates Bill Discounting is a financial service that allows companies to improve their cash flow by selling unpaid invoices to a financial institution at a discount. This process provides immediate access to working capital, enabling businesses to manage expenses, invest in growth, and avoid delays caused by waiting for invoice payments.

*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

Discounting a Commercial Bill involves selling a bill to a financial institution at a discount before its maturity date. This allows you to obtain funds immediately while the institution collects the full amount later.

This short-term financing is also termed invoice discounting. 

Large Corporates Bill Discounting online provides short-term finance to business owners. It improves cash flow, requires no collateral, and involves discounting charges. The Negotiable Instruments Act governs the process to ensure credit protection and prompt payments, enhancing working capital management.

HDFC Bank's Large Corporates Bill Discounting online in India offers quick access to funds with tailored solutions, competitive rates, and no need for collateral. It minimises delays in the short-term and working capital funding with simplified processing and short turnaround times.

To apply for Large Corporates Bill Discounting with HDFC Bank, you need to:

  • Visit the bank's official website or contact the bank's corporate banking division.
  • Fill out the application form, providing details about your company and the bills to be discounted.
  • Submit the required documents, including financial statements and KYC documents. 
  • HDFC Bank will review your application and, upon approval, provide the discounted funds.

For assistance, contact HDFC Bank's customer service or write to corporatebanking@hdfcbank.com.