Advance Import Payment | IDFC FIRST Bank

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Overview

Send payment before shipment when your supplier requires it. Initiate the outward remittance online, upload supporting documents, and track completion messages while we route funds through our correspondent network efficiently.

Features & Benefits

Online initiation and document upload for faster processing

Email and SMS alerts on completion of remittance

Book foreign exchange rates seamlessly

Submit Bill of Entry details online after goods are received

How it works

Here is how advance import payment works for seamless transactions:

1

Buyer and Seller agree to conduct business on advance payment terms.
2

Buyer applies to his bank to make an advance payment against impending imports.

3

Buyer makes advance payment to the Seller through the Bank.
4

After receipt of payment, the seller ships goods and forwards the documents directly to the buyer.
5

On receipt of goods the buyer will submit Bill of entry details to the Bank.

Schedule of Charges

Click here to view all charges

Advance
Import Payment

Overview

Features & Benefits

How it works

Schedule of Charges

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