Digital Solution

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ENet™: Smarter Trade Services

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Digital Solution

Benefits and Features of TradeonNet

24 X7 Convenience and Accessibility

  • 24x7 access via NetBanking

  • Initiate and track trade transactions from anywhere without visiting the branch.

  • Upload documents directly through the portal.

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Customizable Dashboards and Reports

  • Tailor-made MIS reports and dashboards for better decision-making.

  • Helps businesses monitor trade volumes, outstanding exposures, and key deadlines.

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Faster Turnaround Time

  • Digitized processes reduce the time taken for approvals and execution.

  • Automated workflows accelerate issuance of Letters of Credit (LCs), Bank Guarantees (BGs), and remittances.

Smart EMI

Cost Efficiency

  • Reduced need for physical documentation leads to savings on courier/postage and printing.

  • Lower administrative costs due to streamlined digital processes.

Contacless Payment

Real-Time Tracking and Status Updates

  • Track the status of trade transactions (e.g., LC issuance, bill acceptance) in real time.

  • Receive SMS/email notifications for critical transaction updates.

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Document Management

  • Secure and organized digital storage of trade documents.

  • Easy retrieval and sharing of trade-related files when needed.

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Regulatory Compliance and Audit Trail

  • Ensures adherence to RBI and FEMA regulations

  • Complete audit trail of all digital transactions for transparency and compliance.

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Enhanced Accuracy and Reduced Errors

  • Automation minimizes manual data entry and reduces chances of human error.

  • Pre-filled templates for frequently used trade documents.

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Key Features

  • Initiate and authorise remittances using a Maker & Checker process.

  • Access real-time reviews of pending shipping bills and inward remittances via a dedicated dashboard.

  • Update shipping bills with freight, insurance, and bank charges to streamline export procedures.

  • Generate detailed reports for BG, DRUL, Export Bills (Collection & Discounted), Export Loans, FX Contracts, LC, Bills Under LC, Import Bills (Collections), andSCM Loans.

  • Reassign transactions to another authoriser with the revoke functionality.

  • Efficiently manage transactions by authorising remittances in bulk.

  • Efficiently close multiple shipping bills by linking them with corresponding inward remittances for regularisation. Process multiple bills with the samecurrency code and overseas buyer.

  • Access real-time reviews of pending shipping bills and inward remittances via a dedicated dashboard.

  • Process transactions with minimal documentation. Upload EP copy or summary of SB, invoice, and Bill of Lading/Airway Bill for streamlined processing.

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Other Digital Services

Fees & Charges

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Frequently Asked Questions

A Digital Trade Solution is a range of digital tools that allow you to manage, regularise, and settle trade transactions efficiently from anywhere. It provides curated intelligence and expertise to govern and grow your trade business.

Yes, Small and Medium-sized Enterprises can significantly benefit from Digital Trade Solutions. These solutions streamline processes such as online transactions, logistics management, and market access, enhancing efficiency and reducing costs. They also provide SMEs access to global markets and real-time data insights, fostering growth and competitiveness.

Yes, digital trade platforms can help mitigate the risk of fraud in international transactions. HDFC Bank’s digital trade solutions provide a secure platform for managing, regularising, and settling trade transactions. They also offer curated intelligence and expertise to govern and grow your trade business.

Yes, a trade digitalisation solution can provide real-time tracking of shipments by integrating with logistics providers' tracking systems, offering visibility into shipment status and location updates.