Time in Moscow
6:46 AM
Advance payout
Get up to 100% of the LC value in advance
Flexible terms
Competitive rates, tenure up to 15 months (as per RBI recent notification)
Risk-free
Guaranteed by Sberbank India
Hassle-free setup
Quick approval with minimal paperwork
LC discounting procedure
LC issuance
The Russian buyer opens an irrevocable Letter of Credit with Sberbank Russia, denominated in INR.
Advising
Sberbank India advises the LC of your company.
Shipment
You ship the goods and submit the documents to Sberbank India as per LC terms.
Discounting
You receive up to 100% of the LC value immediately upon document verification and acceptance received from LC issuing bank.
Final settlement
Sberbank receives full payment from LC issuing bank upon it’s maturity.
Who is it for?
Indian exporters to Russia
Companies transacting under LC mechanism
Businesses in need of working capital financing
FAQs
Which LCs are eligible?
What documents do I need?
When will I receive the funds?
Getting started
Check the offer — review our LC discounting terms
Send your enquiry — fill out the short online form
Get a callback — our specialist will contact you to discuss your needs
Submit your documents — we’ll guide you through what’s needed
Receive your funds — up to 100% of the LC value post acceptance