Can I deposit a cheque in US Dollars in State Bank of India?
You are depositing a cheque drawn on a bank situated in foreign countryThe bank will accept the cheque for collection and it will be sent to the drawee bank through their branch at that centre.Once the cheque is collected, the amount will be credited in Indian rupeesThe bank will deduct appropriate commission and other charges for the service extended to youThe time taken for collection may extend upto 21 days in some casesSince you are getting the amount in Indian rupees, you can discuss with the branch manager in order to get a better exchange rate and normally for huge amount, banks used to provide better conversion ratesYou should be in a position to declare the source of funds and have to provide copies of documents for the same
Do Indian banks accept cheques in USD denomination?
Yes, they accept. Processing takes time. Prefer online transfer if you have an option.One of the services rendered by banks as part of their normal banking operations is collection of cheques deposited by their customers, some of which could also be drawn or payable on banks that are outside the country. Such cheques are called foreign currency cheques and, presently, a significant part of these cheques are US-Dollar denominated payable by banks in the United States of America. RBI has advised banks to refine their USD cheque collection procedures and frame their own USD Cheque Collection Policy covering aspects like mode of collection, collection period, charges for collection, etc. This policy shall be made part of their regular Cheque Collection Policy.Timeframe for collection of USD cheques will vary depending on the collection mode. The charges levied by banks for collection of such USD denominated cheques are dependent on the type of collection arrangement chosen by customers and the number of intermediaries (correspondent banks) involved in the collection process. Each of the central banks will levy their own charges for facilitating the process of collection. All these charges will be in turn levied by the collecting banks in India from the customers. The customer’s account is credited net of collection charges (proceeds minus collection charges)Read Reserve Bank of India for more details.So?Just visit the branch and deposit the cheque like any other cheque. But, there will be cheque handling charges and process takes time. I handed over few $100 notes in HDFC Bank and they took 3 days to credit to my account. Guessing it will be more duration in the case of a cheque.Alternative better solution:Please read How do I receive money to India from US?Go online. Ask your client or the person paying you to link their bank account on Xoom after creating an account. They can transfer up to $6000 per month from one account.Advantages:Better exchange rates than the bank where your cheque is deposited.Zero charges for transactions above $1000.Zero processing time for HDFC and ICICI Banks in India. Yes, Instant transfers.Max. 4 business working hours in India from the moment he transferred the money for all other bank accounts.Dollars(currently $25) to the person for first transaction.
Can a bank in India cash a cheque before the date mentioned on the cheque?
The cheque acquires its value only from the date as mentioned in the cheque.Before the date, it is mere slip of paper as far as the bank is concerned. Nobody can encash the chequeThe validity period of cheque is three months onlyFor example the date of the cheque is 01.01.2017 and the cheque can be encashed between 01.01.2017 to 31.03.2017 only and it is not possible to encash the cheque on 31.12.2016 and also on 01.04.2017
Can you use old bank checks after the bank has changed names?
It shouldn't be a problem but it would be better to destroy them and have the bank replace them with current ones. I believe that (provided all the relevant information is there) it is still legal to write a cheque on the back of a pig!
Can I deposit a cheque in a non-home branch of the state Bank of India?
Yes you can subject to endorsing the cheque as account payee or payment to self because third party cheques are not payable in non-home branch and will be refused.If you endorse the cheque as account payee then that will be deposited to the persons account mentioned in the cheque.If you do not want to deposit in account then you should write “Self” in the cheque for self payment. Upto Rs. 50000 will be paid in non-home branch, so you will have to set an amount less than Rs. 50000 for payment.If the cheque itself is of another commercial bank /Co-operative Bank which you want to deposit, then these should always be account payee. For commercial banks it would take less time for clearing while it would take more time for Co-opeeative Banks. Here clearing charges would be levied according to the amount in the cheque.Also Remember cheque should not be tampered in any way since it would be rejected.
Can a different bank cheque be withdrawn at another bank?
If you are asking whether a cheque of Bank A can be withdrawn across the counter at Bank B, then the answer is no.If you have an account with Bank B, then you will have to deposit the cheque for collection in your Bank B account. Bank B will then send the cheque to Bank A for collection.Bank A on receiving the cheque will validate the cheque and check if there is enough balance in the account of the cheque issuer. If the cheque is valid and if there is enough balance, then Bank A will debit the cheque issuer’s account and transfer the amount to Bank B.Bank B will then credit (deposit) the cheque amount in your account with Bank B. Then you may withdraw the money from your Bank B account.
My cheque expired today. How can I get money in India?
As explained in other answer if your cheque issuance date has crossed 90 days then it is said to be expired. But still you can get the money at revalidation it's date. For this you have to get it signed by the issuer. As per RBI guidelines no alternation is allowed in cheque except for revalidation or date extention. So your cheque is as good as new cheque if it you get it signed by issuer after rewriting the date and sign just below that date.
Can you change the name of the payee on a check after anther name has been written?
If your landlord accepts 3rd party checks, just have the person that the check is made out to sign the back of the check. Check with your landlord and explain what happened and he may accept a 3rd party check this one time. If you filled in a signed blank check from your mother, you can just cross out the name, put in the new name, and initial the change. If your mother completely wrote out the check, then legally you are not allowed to do that.