International Check

I won a contest for $ 300. The owner says he will pay via international check only. Now, I reside in India[Bangalore].

1. Can I encash the international check at any bank or only where I have an account ?

2. How much charge is levied for encashing the international check ?

3. How long will it take to reach Bangalore ?

 

1. Well you can deposite it any bank of India in which you have account. You must need a account to cashout money.

2. Charges are depends on your banks. Also money curruncy too. Please request him INR check.

3. Well in express service you will get in within 5 days and normal post can take more than 15 days.

 

if not INR then request him the cheque in $ because that is generally accepted currecny for international transaction

also, has anybody ever recieved any check in HDFC? i would be interested in knowing their fees structure

 

Could try for bank transfer maybe?

 

All private banks have a very high minimum fee - more than Rs 250 per check

 

No. ICICI has a minimum of 105 INR

State Bank Of India has minimum - 1% subject to minimum of INR 85

 

ICICI bank must have reduced fees, earlier they were very high

 

i checked with ICICI bank in mumbai last week they said the fees would be 0.25% of the amount. or the minimum amt is Rs250 for a $ check. It would be cashed in 25 days

 

I am thinking of asking him to send them check to a person in the US as he is from US too. Then the US guy can send the 300 $ to my Paypal a/c, so there won't be any fees.

Isnt this a better idea?