Experience Faster Receivable Turnaround
Experienced Enhanced Control Over Export Receivables
Get Financing On Better Terms
Avail financing on better terms, as compared to regular working capital limits
Competitive Rates In Multiple Currencies
Enjoy competitive rates in Indian and multiple foreign currencies
Things to know
Fees and charges
- Competitive commission fee
- Competitive margins
- Transparency in other charges
Documents required
- Request letter
- FEMA declaration
- IEC copy
- Commercial invoice
- Transport documents - Bill of Lading/Airway Bill
- Shipping Bill/Softex
- Bill of exchange (If applicable)
- Original LC in case documents are under LC
Why AU
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National presence
Bank with us across 1042 branches & ATMs.
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Get a bit more
Enjoy quality services at competitive rates.
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Visit branches without the wait
Our ample touchpoints ensure all our customers are conveniently served.
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Superfast app
Manage and track all your transactions on the AU 0101 Business App.
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Sustained growth
Expanding by every quarter, with a balance sheet of over ₹1 lakh crore.
Simplify business banking with AU 0101 Business App
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Apply and Manage Current Account
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Access AU QR and Soundbox
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Request Cheque Book
Need assistance?
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Personal assistance
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No spam
Customer support
24x7 help
Questions? Answers.
Import bill collections & letter of credit
Documentary collections & negotiation are a common and flexible mode of payment for goods purchased from domestic or overseas suppliers. It involves handling of documents by a bank in accordance with the collection & negotiation instruction received from remitting bank.
Export Bill under collection & letter of credit
Export bill collection & negotiation means sending export bills to overseas banks/buyers through exporter's bank to collect payment under export bills and under letter of credit.
