Within the total validity of the Revolving Letter of Credit, a specific amount is replenished each time soon after it is used by the recipient. For instance, a Revolving LC is granted INR 120,000 over six months for products costing INR 20,000 each month.
How long will it take me to get a letter of credit from the bank? The duration of getting a credit letter from a bank depends on the issuing bank. Usually, the approval process takes around 10-15 days.