Process of Currency Conversion in Banks

Discussion in 'Payment Processing' started by Digital_shubhi, Jun 13, 2009.

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  1. #1
    Well, I wanna know that whats the process of currency conversion in Indian Banks.:rolleyes:
    How much time do they take?
    For example-- If I have a check of $500, How will they give it to me in INR? :confused:


    - Digital -
     
    Digital_shubhi, Jun 13, 2009 IP
  2. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #2
    Not sure but as far as i know you'll get funds in your bank account in INR after 20-25 days after 250 to 400 INR their charges. You can check this with your bank for current charges and time for this process.

    DON.
     
    deluxdon, Jun 13, 2009 IP
  3. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #3
    And what if I have cash ??
    Will they directly exchange and give it to me??

    - Digital -
     
    Digital_shubhi, Jun 13, 2009 IP
  4. Feizar

    Feizar Prominent Member

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    #4
    first thing how u got cash in $$ ??
    you are indian right ?

    and yes they will give u according to the current foreign exchange rates, they take dollars and all currency for less and sell for more, bank monopoly:mad:
     
    Feizar, Jun 13, 2009 IP