Can I deposit USD check in Indian bank?

One can encash the cheque by depositing it in an Indian Bank. As per RBI, US Dollars (USD cheques) denominated cheques constitute a major share of foreign currency cheques deposited by customers for realisation.

Does SBI accept foreign cheques?

For Foreign Currency Cheque return, SBI charges Rs 500. It will also have the add-on amount to be paid for postage, courier, SWIFT charges and Foreign bank Charges are levied in accordance to respective currencies.

Can I deposit a foreign currency cheque in India?

Customers can deposit foreign currency denominated cheque/DD issued by overseas bank to any Axis Bank branch in India to credit the beneficiary account by the equivalent amount. In this scheme, the FCY cheque/other instruments are directly sent to drawee Bank without any intermediary for collection.

Is US cheque valid in India?

Since such cheques are not payable in India they are, therefore, required to be sent to the country concerned for realization of proceeds. 2.

Can I deposit a cheque in dollars?

Yes, it can be possible to cash a foreign cheque. Some UK banks will allow you to cash the cheque depending on where the cheque comes from, what bank it is drawn on, which currency it’s in – and how long you are willing to wait.

Can I deposit an international check?

Can I deposit a check from a foreign bank or issued in foreign currency? Yes, you can.

Can I deposit U.S. dollars in Canadian bank?

Some Canadian banks will accept checks in U.S. dollars through in-person deposit with a teller or an automated teller machine, or ATM. Or your institution may require that you speak with a representative to cash a U.S. dollar check while in Canada.

Can you deposit a US Cheque online?

With Mobile Deposit, there’s no need to go to the branch or ABM. Instead, you use your smartphone or tablet to take a picture of your cheque and deposit it into your chequing or savings account.

How can I deposit foreign currency cheques in India?

If you are receiving foreign currency cheques from abroad, you can directly deposit your foreign currency cheques into your bank account in India. Once your bank receives your foreign currency cheque, it is sent to the corresponding countries for collection of funds, after this process amount is deposited in your account in Indian rupees.

How much can I deposit through cheque in SBI savings account?

You can deposit and withdraw any amount through cheques in a savings bank account from sbi or any bank there is no restriction. In a SBI Savings Account, at home branch there is no maximum limit on amount of transaction through cheque but at non-home branch it is limited to ₹10,00,000/- .

Can I deposit a cheque in United Bank of India Chennai branch?

Yes. If you are having an account with New Delhi branch of United Bank of India, you can deposit a cheque with Chennai branch of United Bank of India for collection. However, it should be multicity cheque payable at Mumbai or any branches of the bank in India.

Can I deposit a cheque into a different branch of bank?

Of course you can amd if the branch is same then it is easier and safer to deposit. Cheque deposits can be made because they are legally informed. No risk if the branch is same. But just be informed about rules regulations etc. Thank you Yes you can .. no one should say no to that and it’s under banking regulations to accept that cheque