International draft is a convenient mode of payment when the beneficiary abroad prefers the payment in a non-electronic mode. We issue FCY drafts in all major currencies within 1 working day of receipt of complete documentation as per bank guidelines at competitive rates.
Drafts issued by us are drawn on our own international correspondent banks world-wide thus providing a rapid and easy access of funds to your beneficiary.
We also provide collection facilities for foreign currency cheques/Drafts or Travelers Cheques of different currencies.
You can avail of our FCY DD facility to make payments for various purposes like:
Payment of University fees abroad
Making a gift remittance to a friend or relative
Payment of application fees.
Payment for medical treatment abroad
And all other permitted purposes as per the RBI guidelines.