Early COD remittance in India: a 2026 guide for D2C founders
How D+1 COD remittance unlocks working capital, when banks settle, and what to look for in a logistics partner.
The COD lock problem
India is still a COD-heavy market — 55–70% of D2C orders are paid in cash on delivery. The catch: most logistics aggregators take 5–9 days to remit COD back to your bank. For a brand doing ₹1 crore of monthly COD GMV at a 7-day cycle, that is ₹23 lakh of permanently-locked working capital.
What is early COD remittance?
Early COD remittance is a service where the logistics partner pays out your COD collections in D+1 or even D+0 instead of the industry-standard 5–9 days. ShipyBox offers D+1 remittance for all merchants and D+0 for select growth plans.
How it works
- Courier collects cash on delivery.
- Courier reconciles to ShipyBox the next morning.
- ShipyBox remits to your bank account by 5pm on D+1.
Working capital unlock — quick math
If you ship ₹50L of COD GMV per month, moving from D+7 to D+1 unlocks roughly ₹10L of working capital that you can immediately reinvest in ads or inventory.
Use our COD calculator to compute the exact unlock for your business.