Collect your payments easily and efficiently
Facilitate the flow of payment with our Outward Bill Collection. DBS acts as a professional agent to collect payments from the buyer on your behalf. Your transport documents are only released to the buyer once we’ve received either payment or an accepted Bill Of Exchange promising payment at a later date.
Documents against Acceptance (DA)
With DA, once the buyer has accepted the bills of exchange/draft, he has promised to pay at a later date. Your export documents will be released to him by his bank.
Documents against Payment (DP)
With DP, once the buyer has paid, his bank will release your export documents to him.
How does Outward Bill Collection work?
Why choose DBS Outward Bill Collection (DA/DP)?
Examination of documents
15 bps, min of INR 2000
Exports bill on collection
6.25 bps flat as commission, min of INR 1,000
Exports bill on collection - under Letter of Credit
6.25 bps flat as commission, min of INR 1,500
If we receive the documents by 6pm on a working day, we can process them on the same day. If we receive the documents after 6pm, we will process them within the next working day.
You can track the status of your documents through DHL, however you can also monitor payments through IDEAL™.
No, you do not need a credit facility to apply for this service.
How do I apply?
Simply visit us at any of our Branches and our Relationship Manager will be glad to assist you.