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