How to Register on the TReDS Portal Step-by-Step Instructions
                     How to Register on the TReDS Portal: Step-
by-Step Instructions
To overcome major obstacles in traditional trade financing, 
especially for micro, small and medium enterprises (MSMEs), a bill 
or invoice discounting platform.
The RBI launched the TReDS (Trade Receivables Discounting 
System), a digital bill discounting platform, to help micro, small, 
and medium-sized businesses (MSMEs) finance their trade 
receivables. In essence, it's an online marketplace where MSME 
sellers can submit invoices that have been raised against corporate 
buyers and use an auction mechanism to get them discounted by 
a number of financiers (banks, NBFCs).
To register on the TReDS Portal, businesses need to follow the below 
steps:
Step 1: Access the TReDS Portal
• Navigate to the website: Businesses need to open their preferred 
web browser and go to the official websites of the TReDS platforms, 
including M1xchange (which will be discussed later).
• Locate the registration/sign up button: Look for prominent buttons 
or links such as "Register," "Sign Up," "New User," or "Enroll Now." 
These are usually located on the homepage or in the navigation 
menu.
Step 2: Start the Registration Procedure by Entering Basic Information
Enter basic information that will be requested on the first registration 
form. Typically, this comprises
• Companies Name (as stated in the official registration documents).
• Constitution of company (such as a private limited company, 
partnership, or proprietorship).
• Email address and mobile number.
• The Permanent Account Number (PAN)
• Registered Address and other business locations (if applicable).
  
•  Industry or sector of operation.
• GST Identification Number (GSTIN).
• Name, designation, PAN, date of birth, and contact details of directors, 
partners, or the proprietor.
Step 3: Input Banking Details
Business details: Carefully enter official business bank account details 
where transaction funds will be credited or debited. This includes:
o   Bank Name and Branch
o   Account Number
o   IFSC Code
• Upload cancelled cheque: Businesses will be required to upload a 
scanned copy or photograph of a cancelled cheque from the bank 
account they provided for verification.
Step 4: Upload Required Documents (KYC and Business Proof):
• Section for uploading documents: The platform will have a specific area 
where businesses can upload the documents they created during the pre-
registration stage. Scanned copies of PAN card, GST certificate, proof of 
business registration, KYC documents for the promoters and the entity, 
and possibly financial statements or letters of authorisation are all 
included in this.
•   File Format and size: Take special note of the document's designated 
file formats (such as PDF and JPG) and size restrictions.
Step 5: Review and Submit Application
• Check all information: To ensure accuracy, carefully check all of the data 
that have been entered and the documents that were uploaded before 
submitting. The verification process may be delayed as a result of any 
mistakes or inconsistencies.
• Accept terms and conditions: Businesses will probably need to read and 
agree to the platform's privacy policy and terms and conditions.
•  Submit application: Businesses submit applications to the TReDS 
platform for verification by clicking the "Submit," "Register," or a 
comparable button.
Step 6: Verification and Approval Process
•   Platform review: The submitted data and documents will be examined 
by the TReDS platform team. Internal checks and possibly external 
database verification may be part of this process.
• Communication: Usually, businesses will receive updates on the status 
of the application via email and/or SMS. Keep an eye on registered 
contact information.
  
•  Possibility of additional information: If there are any inconsistencies or 
missing details, the platform may occasionally ask for more information or 
clarification. Answer such requests as soon as possible.
Step 7: Agreement and Onboarding Completion
•   Master agreement: Upon approval of the application, business owners 
may be required to digitally sign a master agreement or other onboarding 
documents that outline the conditions of the TReDS platform participation.
•  Final onboarding steps: To finish the onboarding, businesses may need to 
link their account with their current accounting or ERP systems (if 
applicable) or set up digital signatures for transactions.
• Activation of account: TReDS account of businesses will be activated 
after all procedures are finished, allowing them to use the platform as 
a financier or buyer or to start discounting invoices. 
So here are the TReDS registration steps. Now it’s time to discuss 
M1xchange.
Thanks to M1xchange, a digital marketplace approved by the RBI, MSMEs 
can now discount invoices and bills of exchange nationwide through 
banks and NBFCs. M1xchange was established by Mynd Solutions Pvt Ltd 
in accordance with the PSS Act of 2007 and was one of three companies 
to obtain RBI "in-principle" clearance on November 24, 2015. On April 7, 
2017, it was introduced. 
It meets MSME financing needs by allowing them to convert trade 
receivables into liquid funds without recourse through a competitive 
bidding process with numerous banks.
Conclusion
TReDS full form is Trade Receivables Discounting System, is a well-
known platform. This platform is an online digital marketplace that has 
been approved by the Reserve Bank of India (RBI) and is intended to help 
micro, small and medium enterprises (MSMEs) finance and discount 
their trade receivables. MSMEs are aware of this platform, which can 
help them avoid the challenges that invoice factoring may present. In 
this blog post, it has been discussed how to register on the TReDS 
portal.
Through banks and NBFCs, MSMEs may now discount invoices and bills 
of exchange nationally thanks to M1xchange, a digital marketplace that 
has been authorised by the RBI. On November 24, 2015, M1xchange, 
one of three businesses to receive RBI "in-principle" clearance, was 
founded by Mynd Solutions Pvt Ltd in compliance with the PSS Act of 
2007. It was first released on April 7, 2017. By enabling them to turn 
trade receivables into liquid money through a competitive bidding 
procedure with many banks, it satisfies MSME financing needs.
1800-103-7261
[email protected]
https://www.m1xchange.com/
https://www.facebook.com/M1xchange/
https://www.youtube.com/channel/UCX1gcr9cD9HAQ3Q-pzFBn9g
https://www.linkedin.com/company/mynd-online-national-exchange/
https://x.com/M1xchange