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Write a local cheque in the US and remit funds to India with Cheque LockBox. Avail of this facility to credit funds directly to the beneficiary's account in HDFC Bank.
Cheque LockBox is more economical than a SWIFT remittance and a safe and efficient means to remit funds to India.
All you need to do is fill in a Cheque Box deposit slip, attach a US dollar denominated cheque and post it to a local mailbox. Through a central cheque collection system, our Correspondent Bank collects it, sends it to for local clearing on the following working day and on receiving the funds, we credit the beneficiary's account.
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Mailing address for US$ cheques/drafts
HDFC Bank Ltd
P O Box 8500-53383
Philadelphia, PA 19178-3383
PA 19178-3383
USA
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Duration for clearance
Approximately 6 international working days for a cheque payable in New York and approximately 16 international working days for a non-New York cheque from the date it is lodged with the clearing house.
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Benefits |
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Convenient - Post the cheques from the comfort of your home |
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No Limits - Remit as much as you need to |
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Superior Exchange Rates - Get more rupees on your Remittances |
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