Can I encash US cheque in India?

One can encash the cheque by depositing it in an Indian Bank. For realization the cheque will be sent to the country concerned for realization of proceeds. As per RBI, US Dollars (USD cheques) denominated cheques constitute a major share of foreign currency cheques deposited by customers for realisation.

Do Indian banks accept foreign cheque?

Foreign currency cheques include demand drafts, personal cheques, banker’s cheques, cashier’s cheques, traveller’s cheques, etc. Since such cheques are not payable in India they are, therefore, required to be sent to the country concerned for realization of proceeds. 2.

How do I cash a US cheque in USD at HDFC Bank in India?

1. Walk into an HDFC Bank branch.
2. Accurately fill in the pay-in slip and submit along with the foreign currency cheque and Demand Draft.
3. The cheque, DD will get credited in Indian rupees after processing. *Time taken can be from 12 days to 8 weeks depending on the currency and other factors.

How do you deposit a US check from India?

How To Deposit USD Check In Indian Bank Account in 2021

1. The Process to Deposit USD Check to Indian Bank. Local check issued to you from any bank in India, the process is the check should be sent for clearance to the issuing bank.
2. The Charges for USD Check Deposit.
3. Time for Clearance of USD Check.

Does SBI accept international cheque?

1 Authorised branches of the Bank will offer immediate credit of cheques drawn in foreign currency for satisfactorily conducted accounts complying with KYC norms where they are satisfied with the scope for recourse, if required, and the customers are willing to pay the cheque purchase charges.

How do I deposit a foreign check?

Sign and endorse the foreign check. When depositing the foreign check, write the check number on the back of the deposit slip. The bank will cash the check at the current exchange rate. A processing fee may also be applied at this time depending on bank policy and the value of the foreign check.