Inland Trade Through Bank: Indian Domestic Trade Procedures

Explore the complexities of inland trade transactions and how banks facilitate smooth operations from documentation.

What you'll learn

The essential documentation involved in inland trade and their functions.

How banks facilitate payments, collections, and risk management in inland trade.

The process of dealing with unpaid bills and overdue payments.

How working capital loans are used and repaid in the context of inland trade.

Requirements

This course is suitable for beginners, with no prior experience required. However, basic knowledge of business transactions and financial terminology would be beneficial.

Description

Course Introduction:Inland trade, the exchange of goods and services within a country, plays a crucial role in domestic commerce. This course will introduce you to the intricacies of inland trade transactions and the role banks play in facilitating payments, documentation, and financing. From understanding the importance of timeframes to the processes of bill collection and loan repayment, this course covers everything you need to know about handling inland trade through banking channels.Section-wise Write-up:Section 1: Inland Trade Through BankThis section provides an introduction to inland trade and the essential role banks play in the transaction process. Students will gain a comprehensive understanding of how various documents and systems facilitate trade within a country.Lecture 1: What is Inland Trade: This lecture defines inland trade, its significance in domestic commerce, and how it differs from international trade.Lecture 2: Documents Involved in Inland Trade: A deep dive into the key documents involved in inland trade, including invoices, bills of exchange, and delivery receipts.Lecture 3: Why Time Frame Is Important: Understanding why timeframes are crucial in inland trade transactions and how they affect payment and delivery schedules.Lecture 4: Inland Trade Through Banks: Learn how banks play a pivotal role in facilitating inland trade by providing secure transaction methods, ensuring payments, and managing risks.Lecture 5: What is Inward Bill Collections: An explanation of inward bill collections and their importance in the collection of payments for goods sold.Lecture 6: Documents Against Acceptance: Students will learn how documents are exchanged against acceptance of bills, ensuring that sellers and buyers fulfill their contractual obligations.Lecture 7: How is Payment Made: A breakdown of the various payment methods used in inland trade, including cash payments, bank transfers, and cheques.Lecture 8: Funds Collected Credited to Seller Account: This lecture covers the process by which the seller receives the payment through their bank account after collection.Lecture 9: Bills Remain Unpaid: Learn about the challenges faced when bills remain unpaid, and the steps involved in dealing with overdue payments.Lecture 10: How Working Capital Loans Are Repaid: Understand how banks handle the repayment of working capital loans used to finance inland trade.Lecture 11: Detailed in Document Acceptance: A detailed explanation of the process of document acceptance in trade, ensuring that both parties comply with the terms set in the contract.Conclusion:By the end of this course, students will have a comprehensive understanding of inland trade and the critical role that banks play in facilitating smooth and secure transactions. From document handling and payment collection to loan repayment, this course will equip you with the knowledge to navigate the complex world of domestic trade.

Overview

Section 1: Inland Trade Through Bank

Lecture 1 What is an Inland Trade

Lecture 2 Documents Involved in Inland Trade

Lecture 3 Why Time Frame Is IMP

Lecture 4 Inland Trade Through Banks

Lecture 5 What is Inward Bill Collections

Lecture 6 Documents Against Acceptance

Lecture 7 How is Payment Made

Lecture 8 Funds Collected Credited to Seller Account

Lecture 9 Bills Remain Unpaid

Lecture 10 How Working Capital Loans Repaid

Lecture 11 Detailed in Document Acceptance

Business owners and professionals involved in domestic trade.,Bankers and financial professionals looking to deepen their understanding of inland trade processes.,Anyone interested in understanding the banking procedures that support domestic commerce and trade transactions.