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Baroda Money Express Remittance Facility

Business relations get strengthened and add to the trust when financial dealings happen on time. The Baroda Money Express remittance facility ensure instant payments and transfer of funds, saving you and your associates from waiting endlessly for funds to get credited.

This facility is available for both retail and corporate customers enabling efficient and easy transfer of money. So no more delays in transfer of funds typical of Banker's Cheque, Demand Drafts, Mail Transfers and Telegraphic Transfers.

Banker's Cheque

  • Issued by the Bank to customers for making local payments like payment of telephone / electricity bills, payments to other accounts in other banks etc.
  • Banker's Cheques are negotiable instruments payable to order and attract all provisions applicable to an order cheque and are valid for six months from the date of issue and in genuine cases may be revalidated.

Demand Draft

  • The most common paper based mode of funds transfer.
  • A DD is a negotiable instrument and is made payable to order of the beneficiary.
  • The DD is valid for six months from the date of issue and in genuine cases may be revalidated (only once not more than one year from the date of issue).
  • The draft issued by the Bank is equivalent to its promissory note.

The facility is available at 345 branches across 53 centres in India inclusive of all branches in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Mumbai, and Pune.

Key Benefits

  • Can be used to transfer money to the beneficiary's account in the same bank, or another bank or even to their residential/office address, thus offering convenient options.
  • This electronic remittance is the fastest way of transferring money from one place to another, at no additional cost.
  • Added convenience of hassle free and quick customer service.

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