COD Remittance

COD or cash on delivery option is available at popular courier companies. With this option, sellers can ship their products to their customers and collect payments from them via the cash on delivery mode. The payments that are collected by the courier companies from the customers are then transferred to the seller, through a process called remittance. The amount is first collected by the delivery agent and deposited in the head office against the AWB/LR number of the shipment.