Submit a ticket My Tickets

How to Request for an Inward Bills for Collection (IBC) Closure Through Telex Transfer (TT)? Print

To submit a request to close IBC after a successful settlement, through telex transfer (TT), follow these steps:

Step 1: Click on "Trade Services" >> "Export Collection"  >> "Message to Bank" >> "From Existing IC"

  • Click on "Search" and select the "System ID" required

Step 2: Send instructions for IBC closure to the bank

  • Select Message Type as Correspondence
  • Under Settlement Instructions, Select Reject from the "Disposal Instructions" in the drop-down menu
  • Fill out all the required information and use Add a File if required (justification documents like swift)
  • Under Free Format Message in Customer Instructions, write instructions and details of closing the IBC
  • Click "Submit" 

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.