Home - Loans & Advances - What is Trust Receipt (TR) ?

What is Trust Receipt (TR) ?

Goods pledged as security or covered under a bill purchased, can be given to the borrower against a TR for enabling him to sell & deposit sale proceed to the Bank & return unsold goods to Bank. This TR finance is a clean advance.

Get Daily Updates On Banking, Enter your email address:

For the latest Banking updates, follow AskBankings on Twitter, Facebook, and subscribe to our YouTube channel

Do You Want To Say Something :