US Dollar Cheques clearance with Indian Banks ?

Discussion in 'Payment Processing' started by Red_Virus, May 7, 2009.

  1. #1
    Hey Guys,

    I have finally got my $$$'s cheque from this affiliate company(payable at an International Bank in U.S) and Now I want to ask is how long does it takes for these American cheques for clearance in Indian banks & how much is the fees charged since it is an International cheque !

    I spoke with HDFC in morning & they told me it will take over 21 working days and 500RS fees, so can someone please share their experience on the same.
     
    Red_Virus, May 7, 2009 IP
  2. deluxdon

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

    Messages:
    25,482
    Likes Received:
    1,943
    Best Answers:
    32
    Trophy Points:
    480
    #2
    I have deposited one check in USD one year back of Bank of America and i got credited in my ICICI bank account after 26 days. They deduct around 250 Rs. that time. Not sure how much time currently taking for that procedure and how much they deduct. BTW you need to fillup one form for that too as far as i remember (due to foreign currency). Ask this to your bank.

    DON.
     
    deluxdon, May 7, 2009 IP
  3. bordello

    bordello Notable Member

    Messages:
    3,204
    Likes Received:
    141
    Best Answers:
    0
    Trophy Points:
    290
    #3
    It normally take 21-22 days ... but if you have account in any international bank then it takes 5-7 days

    thanks
     
    bordello, May 7, 2009 IP
  4. rupeshkumarpune

    rupeshkumarpune Guest

    Messages:
    17
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #4
    perhaps it may take 4-5 weeks
     
    rupeshkumarpune, May 7, 2009 IP