We remit/ transfer funds via Demand Draft/Mail Transfer/Express Mail Transfer/Wire Transfer

Below are the frequently asked questions (FAQ)

1. What documents do you need ?

a. Application for remittance - duly filled in
b. Your Social Security Number and Driver's Licence with Photo / Photo ID.

2. How much cash can you accept?

Upto USD 2500

3. Do you accept Personal Check?

Yes

4. How long it would take to clear?

Depends upon area and amount- normally 2/5 working days.

5. To whom should the remittance check be payable ?

Check or Official Check should be payable to Bank of India.

6. Do we get confirmation from the branch in India ?

No. However, you would get confirmation for transfer of the fund from us.

7. What information you need for funds transfer ?

Beneficiary's Name, Account No., Bank & Branch Name and Location

8. How do I transfer from local bank to Bank of india, New York ?

Your remittance should be to ABA No. 02100021 to the credit of our A/c No. 544774311 with clear details of beneficiary's name, A/c No., Branch Name.The remittance should be followed by your fax to us ( Fax No.212 319 6347) with all the details of beneficiary, the Branch Name, A/c Number etc.

DEMAND DRAFT

1. What are the charges for Demand Draft/remittance?

1.USD 10 irrespective of mode and amount of transfer for Indian Rupee Draft and USD 20 for all other currencies.
2.Postage charges - USD 5.00 if you want us to mail the draft. (by certified mail – within USA)
3.Cancellation of Draft USD 10.00 plus actual out of pocket expenses.

2. Is it possible to send DD in USD ?

Yes

3. If Rupee, what would be the exchange rate ?

Competitive exchange rate

MAIL TRANSFER/ WIRE TRANSFER

1. What is Mail Transfer ?

If the Beneficiary has account with Bank of India branch in India, we mail transfer/wire transfer funds to Beneficiary's account.

2. How long would it take to credit the account in India in case of wire transfer ?

Normally 2/3 working days