|
Collection of Foreign Currency Instruments
We have strong tie-ups with some of the leading overseas banks which enable us to handle collection of cheques / Drafts / TCs / Money Orders of different currencies drawn on various countries which in turn provides faster realisation of the instruments.
The pricing will be as per the FEDAI rules. The above credits are with recourse to the client's account. Any cheque returned subsequent to the above credit period, will be recovered by way of a debit to the client's account maintained with us at the prevailing exchange rate. An additional cheque return charge of Rs. 100/- will also be levied.
|