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Other Modes of Remittance
Remittance On Collection Basis
Sending Remittance for Immediate Credit
We handle following instruments on collection basis from our customers:
- A demand draft/cashier’s check/official check drawn in foreign currency such as US Dollar/Great Britain Pound/Euro/Japanese Yen/Australian Dollar/Canadian Dollar, etc. purchased from your banker abroad.
- International money orders in foreign currency.
- Your personal cheque in foreign currency, drawn on your account abroad.
- Demand draft/mail transfer/cable transfer purchased from any of our foreign branches and drawn on our Indian branches either in Rupees or foreign currency.
Cash & Traveller’s Cheque
During your personal visit you may tender foreign currency cash and/or traveller’s cheques. As per Reserve Bank of India guidelines, you are allowed to carry without customs declaration amounts in Cash component up to USD 5000 (or equivalent in other foreign currencies) along with traveller’s cheques with the sum total of the two aggregating USD 10,000 or equivalent in other foreign currencies. These limits are for each NRI visiting India. However, you may bring in any amount after declaring at the customs counter in currency declaration form (CDF) signed by customs official.
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