Remittance Services

Remittance Services are an efficient way to receive /transfer money to India and other overseas centres. We offer rupee remittances to India as well as remittances to other countries.

Rupee Remittance to India
  • Telegraphic transfer
  • A Telegraphic Transfer is the fastest means of transferring funds to your Business partners or your relatives.. With our wide network of branches in India we can handle transfers to virtually any part of the country . If the beneficiary has an account with our Branch in India we can ensure funds reach the beneficiary on the same day of application. (subject to non disruption of communication lines)

  • Demand Draft
  • A Demand Draft is a cheaper alternative to Telegraphic Transfer. It is a Cheque issued by our bank drawn on our branches in India favoring the specified beneficiary . You can forward the Demand Draft to the beneficiary or we can help you send it at no extra cost (i.e. Mail Transfer – applicable only where beneficiary maintains account with our Branch in India. )The time will vary depending on the destination and postal delivery schedules.)

  • What are the charges?
  • Telegraphic Transfers HKD 50
    Demand Drafts/Mail Transfers HKD 50

Remittances to Countries other than India
  • Foreign Cheque Collections
  • Overseas cheques are forwarded to foreign banks through our correspondents for the collection of proceeds. The time of collection would vary depending on the currency, location of the paying bank and banks involved.

  • Inward Remittances
  • Automated processing of incoming payments Prompt notification of your credits and/or payment of your remittances. Outgoing payments that are customer-initiated can be instantaneously transmitted, using telex or the SWIFT network, to a beneficiary with another bank located anywhere in the world.

  • Outward remittances can be sent by Telegraphic Transfer or Demand Drafts
  • What are the charges ?
  • Inward : Cheques For Collection : 0.125 %
    Inward : Telegraphic Transfers : USD 10/-
    Outward :Telegraphic Transfer : USD 25/-
    Outward :Demand Draft : USD 15/-
  • Please note that for transactions involving cash conditions apply