Which bank in India encashes dollar checks the fastest?

Discussion in 'Payment Processing' started by Ali A, Apr 28, 2011.

  1. #1
    I have an account in ICICI and they tell me it'll take a minimum of 21 days and waiting for so long is too much for me. I need money urgently. Is there any bank that can process it much faster than ICICI?
     
    Ali A, Apr 28, 2011 IP
  2. deluxdon

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

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    #2
    Nope. Almost all banks taking that much time for clearing USD checks.

    DON.
     
    deluxdon, Apr 29, 2011 IP
  3. krishmk

    krishmk Well-Known Member

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    #3
    No thats the typical time frame for processing foreign currency checks by Banks in India.
     
    krishmk, Apr 29, 2011 IP
  4. david.michael

    david.michael Active Member

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    #4
    21 working days minimum and 45 days maximum
     
    david.michael, May 3, 2011 IP
  5. steffi16

    steffi16 Peon

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    #5
    That's great. 21-45 is totally acceptable.
     
    steffi16, May 3, 2011 IP
  6. Bohra

    Bohra Prominent Member

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    #6
    Since its necessary to actually send thee check back to the US Bank to get it cleared it takes almost same time for any bank
     
    Bohra, May 3, 2011 IP
  7. Card

    Card Well-Known Member

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    #7
    Normally,all banks take 15-21 days to encash dollars checks in India :)
     
    Card, May 4, 2011 IP
  8. evaadams

    evaadams Peon

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    #8
    I recently had a clearance for in 16 years through HDFC; USD fund transfer takes only 3-4 working days.
     
    evaadams, May 4, 2011 IP