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Bill Discounting

Want to know how bill discounting can aid your business? Well, here it goes, Suppose you had a transaction with your client for a sum of Rs 10,000 on a credit basis. Now, Your client wants to clear your payment right now but doesn't have the funds to complete that transaction, but he is certain to pay you the amount, the forthcoming month, rather than the trading day. However, you can't wait for two months, thereby you can discount this bill with the bank/Bill discounting company two months before its due date @ 15% PA rate of discount. Now the bank pays the drawer an amount of Rs 9750 after deducting an applicable commission of Rs 250. Get your bill discounted with FinancialPower and get immediate access to your funds. You can avail of this feature right now if you are an existing customer of Financial Power.

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