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Cheque

Write out a cheque or demand draft favouring your Kotak Mahindra Bank Account and leave the money transfer to us.

 

How to make a Cheque Transfer?

  • Make out your cheque out with necessary details
  • Enclose your pay-in-slip (with the name of beneficiary and 14 digit account number)
  • Send via first class mail / regular mail only* to any of our branches and we will have your funds collected.

*Cheques sent by courier will not be accepted.

 

NOTE: Kotak Mahindra Bank will not be responsible for any postal delays, or a delay caused due to incorrect address and any other such error.

Remember! Check if the demand draft is valid and not endorsed

Currency Turn Around Time for Transfer to beneficiary Account*
USD 6 working ** days for USD instruments drawn on banks in New York City.
14 working ** days otherwise.
Euro 10 working ** days
GBP 10 working ** days
SGD 21 working ** days

* From the date of credit to Kotak Mahindra Bank's nostro account.
** Excluding Saturdays, Sundays and Public Holidays

Convert Currency

  • Use our currency calculator to convert your transfer amount

Why use Cheques?

  • Need not courier to India
  • Faster transfer
  • Track Status
  • Secure
  • Minimum Charges*

FCC Charges Apply

  • The transaction fee will be waived off during the offer period
Status Tracker
Foreign Exchange Rates -
  • USD $
  • Euro
  • GBP £
  • AUD $
  • CAD $
  • SGD $

*Indicative Bank sell rate -TeleTransfer

View all Forex Rates

Interest Rates -

Maturity Period: 1-2 Years

  • NRE/NRO SB 4% pa
  • NRO TD
  • NRE TD
  • FCNR (USD)
  • FCNR (GBP)
  • FCNR (EUR)
  • FCNR (YEN)

*Interest rates subject to change

View all Interest Rates


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