Cost to deposit US$ Check in Indian bank?

Discussion in 'Payment Processing' started by mitnitwer, Aug 13, 2009.

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  1. #1
    What does it costs on average to deposit US$ Check in SBI bank(Najafgar Road, Delhi) or cash such an check through a Private agent?
     
    mitnitwer, Aug 13, 2009 IP
  2. admin3633

    admin3633 Well-Known Member

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    #2
    It will cost you around 300-400 rupees.
    It also depends on the check amount and of course on bank also.
     
    admin3633, Aug 13, 2009 IP
  3. mitnitwer

    mitnitwer Peon

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    #3
    How much will a 500$ check will cost for SBI or any other service you know rates of?
     
    mitnitwer, Aug 13, 2009 IP
  4. admin3633

    admin3633 Well-Known Member

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    #4

    It may be around 400-500 rupees.
    It will at least 15-20 working days to cash it out.
     
    admin3633, Aug 13, 2009 IP
  5. gsv13

    gsv13 Well-Known Member

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    #5
    nothing in psu bank incuding SBI while 300-400Rs in pvt banks.
    I have a spare psu bank account to encash these cheques ;)
     
    gsv13, Aug 13, 2009 IP
  6. technoguy

    technoguy Notable Member

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    #6
    It depends on the bank to bank i have deposited check in ICICI and they have charged me 250 INR , but it was an year ago you can ask bank for the charges.
     
    technoguy, Aug 13, 2009 IP