Boost your cash flow with LC discounting
Export from India to Russia with immediate payment — no need to wait for A from the buyer upon LC maturity
Advance payout
Get up to 100% of the LC value in advance
Hassle-free setup
Flexible terms
Risk-free
Guaranteed by Sberbank India
Quick approval with minimal paperwork
Competitive rates, tenure up to 15 months (as per RBI recent notification)
LC issuance
Shipment
Sberbank India notifies your company of the LC
Advising
You ship the goods and submit the documents to Sberbank India
Discounting
You receive up to 100% of the LC value immediately upon document verification and acceptance
LC discounting procedure
The Russian buyer opens an irrevocable LC with Sberbank Russia, payable in INR
Final settlement
Sberbank receives full payment from LC issuing bank upon it’s maturity
Indian exporters to Russia
Companies transacting under LC mechanism
Businesses in need of working capital financing
Who is it for
Frequently Asked Questions
Which LCs are eligible?
What documents do I need?
When will I receive the funds?