Legal Question in Banking Law in India
International Bank Draft
I have an International Bank Draft of nation wide Bank in UK. I want to ask you how can i encash that draft in (Mumbai)India. How many Days it will take to encash that Draft.
Asked on 12/27/07, 10:02 am
2 Answers from Attorneys
Vijay Chandavale
Advocate Vijay Chandavale & Associates
Re: International Bank Draft
You can use your foreign exchange account as like that of ordinary savings account. The DD once is confirmed for its genuineness will be sent to such banker who has issued it by properly insuring it. If you are in hurry ask your bank to purchase it you can encahs the same instantanously
Answered on 1/07/08, 9:02 am
G. M. Gupta
gmguptaandassociates
Re: International Bank Draft
ask bank concerned
Answered on 1/06/08, 12:59 pm
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