Import Bills Under Collection (DA/DP) | DBS SME Banking India

Import Bills Under Collection (DA/DP)

Facilitate trade activities with our documentary collection service

Facilitate trade activities with our documentary collection service

At a Glance

Save time and collect your goods quickly with our Import Bills Under Collection. We can help you in the following ways:

We release the import documents to you upon acceptance of the bills of exchange/drafts. You promise to pay the seller on a fixed date

We release the import document to you upon your payment

Ask DBS to finance your purchase of goods to turn your business around faster

Features & Benefits

Submit and collect your documents easily at our branches

Subscribe to DBS IDEAL to be informed of status

Apply for Import Bills Under Collection without the need for a credit facility

Submit forms before 1:30 pm (on working days) to enjoy same-day process

How it Works

Fees

Schedule a callback via this online form.

Alternatively, you can reach us at 1800 103 6500 / 1800 419 9500

FAQs

What are the pricing details?

Import bill under collection	0.25% flat + cable with min of INR 2,000
Import bill - direct collection	0.125% flat + cable with min of INR 1,250
Advance remittances	0.125% Flat + Cable with min of INR 1,250
Cable - payment/ retirement/ advise of acceptance/ refusal	INR 750

	Do I need a credit facility for this product?
	No, you do not need a credit facility to utilise this product.

	How do I know the documents have arrived with DBS?
	Our trade operations officer will inform you by phone or fax when your documents have arrived. However, if you are using IDEAL, we will notify you through the system.

	How long does it take DBS to process the documents?
	If we receive the documents by 1.30 pm on a working day, we can process them on the same day. If we receive the documents after 1.30 pm, we will process them within the next working day.

	How do I instruct DBS to accept or reject the document?
	We will send you a payment instruction letter via courier. Simply select “accept” or “do not accept” in the letter and return it to our trade operations team by courier. Alternatively, you can provide payment instructions through IDEAL.

	Where do I collect the documents?
	Our trade operations officer will contact you to arrange delivery at your preferred collection point.