Suppliers credit

We offer competitive rates for discounting of Bills under Letters of Credit for a Tenor up to 180 days. Bills of even longer period tenors could be considered subject to RBI approval.

Benefits of discounting the Bills with us:

  • State Bank of India's expansive reach, stretching across continents and time zones translates into faster communication, quicker realization of proceeds etc.
  • Effective and personalized service.
  • Discounting Facility at competitive LIBOR linked Interest rates.

Subject to:
 

  • The availability of the LC, acceptability of the LC, exposure angle clearance etc.
  • FATCA W-8BEN-E Form of SBI Wholesale Bank Branch, Bahrain