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Outward Bills for Collection (OBC) is the handling of domestic sales and export documents, which are presented to the Bank by the seller to collect payment from the buyer through the buyer's bank.

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14y ago

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What is odbc in banking?

Outward Documentary Bills for Collection


What is outward bills for collection?

Outward bills for collection is a process in domestic sales where the bank collects payments. Export documents are presented by the seller of goods to the buyer's bank for payment.


What is the meaning of inward and outward in banking services for example transaction charges for RTGS to inward and outward?

"Inward" refers to receiving funds, while "outward" refers to sending funds. So, in banking services, transaction charges for RTGS would vary based on whether you are sending money outward (making a payment) or receiving money inward (receiving a payment) through the RTGS system.


What allows users to pay bills from their computer?

online banking


What are unmarked bills?

Unmarked bills are paper currency that does not have any external markings to denote which bank they came from. Unmarked bills are common in the banking industry.


What are the Advantages of e-banking?

you don't have to leave your house to pay the bills


What is an accessing account that balances and pays bills from a computer?

Online Banking


What is the idea behind net banking?

Net banking is a system of banking in which customers can view their accounts, pay their bills and transfer their funds all online. Many people use this method banking today.


Why is using checks to pay bills becomeing less popular?

People are using electronic banking.


What is net banking?

banking transactions carried over net such as payment of bills, transfering funds from one account to other etc


What is bad credit history?

is when a consumer does not pay thier bills on time or have unpaid collection bills


A collection agency is suing you what do you need to do?

Pay your bills.