Funds can be remitted to branches of State Bank of India/Associate Banks, Standard Chartered Bank, Nepal bank Limited, UTI Bank and Centurion Bank by means of drafts and telex transfers. Such drawings can also be made on our branches by these correspondent banks.
Remittance of funds from one branch to another can be made by means of Cash Warrants, Telephonic Transfers and Drafts.
Drafts are issued at the instance of our customers and parties who desire to make payment to others through Bank or to obtain payment at some other office and obviate the need for carrying cash. For more details –
In order to cut down the time taken in sending money through Post (Drafts), urgent fund transfers can be effected through Telephonic Transfers (T.Ts). A customer/person desiring to remit funds through T.Ts would be charged our usual exchange charges on drafts in addition to the Telephone charges. For more details -
Cash Warrants are issued when the amount is payable at the office of issue. Unlike a draft, they are not drawn on a specified banker or office and are payable at the office of issue and negotiable at all other branches of the bank. For more details -
In order to cut down the time taken in sending money outside country, urgent fund transfers can be effected through the SWIFT.