COD Remittance — The cycle by which a courier transfers collected COD cash to your account — quoted as T+N where N is days after delivery or remittance-run.
Why it matters to your store
Remittance speed is a working-capital number, not a convenience. At 500 COD orders/month averaging ₹700, a T+7 cycle versus T+2 parks roughly ₹80,000 of your cash in the courier's account at any time.
This is the vocabulary every courier invoice, NDR report and rate card is written in — learn it once, save money forever.
See how →Worked example
Delivered Monday on a T+2 cycle → money hits Wednesday. On T+7 → next Monday. Same order, five extra days of your cash locked.
The bottom line
Shipping jargon is really just the billing manual in disguise — every term on this list maps to a line on an invoice or a lever on your margins. Pure Parcel is built so you rarely have to think about it: statuses normalise, bills reconcile, and quotes already include the surcharges.
