Hdfc bank nostro account number
The timeframe specified above for collection will be treated as the outer limit and credit will be afforded earlier if the process of collection gets completed earlier. For cheques in foreign currencies payable in Foreign Countries, the services of our Correspondent Banks will be used, with instructions to credit the proceeds of the cheque to our Nostro Account maintained with the Correspondent Banks.
Cheques drawn on foreign banks at centres where the bank or its correspondents do not have direct presence, will be sent direct to the drawee bank with instructions to credit proceeds to the respective Nostro Account of the bank maintained with one of the correspondent banks. The Exchange Rate Telegraphic transfer Buying Rate prevailing as on the date of application of fund and credit to customer account will be applied. Presently, this service is not offered by the Bank in their usual course of business, but will be considered for review on case to case basis.
Such interest will be paid without any demand from customers in all types of accounts. The Bank will give interest for delayed collection proceeds only for instruments sent for collection within India. The rate applicable would be the rate of interest prevailing on the date of the deposit of cheque. The bank will provide assistance to the customer to obtain a duplicate instrument from the drawer of the cheque.
The Bank would reimburse the account holder related expenses for obtaining duplicate instruments and also interest for reasonable delay occurred in obtaining the same. This would be applicable only to instruments drawn in INR payable within India.
To send money to India the traditional way, all you need to do is write out a local currency cheque and mail it your beneficiary. Non-Resident Indian NRI deposits are under the Reserve Bank of India programme for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programmes, are subject to the sovereign risk arising from and governed by the laws of, or any changes to the laws of India. NR deposits are offered under the Reserve Bank of India programme for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programmes, are subject to the sovereign risk arising from, and governed by the laws of, or any changes to the laws of India.
Under current US tax laws, US citizens and residents are subject to tax on their worldwide income. You should consult your tax advisor for the US treatment of income from these deposits. You should consult your tax advisor for the Canada treatment of income from these deposits. Important information on PIS. Demo for Online Funds Transfer. In the destination country, where will the money be received?
How would you like the money to be received? Cash sent via account. Bank Account sent via cash. Bank Account sent online. Bank Account sent from bank branch. Credit Card sent via cash.