Paying by cheque to another city

Cayle · Dec 1st, 2008, 14:59

I seem to have a head scratcher of a problem. I finally got around to opening a bank account in India, with ICICI. Now, want to send a cheque to a firm in Delhi and another to an NGO in Chennai as a donation. I can’t log into my online banking account at the moment (waiting the 8 working days for a new password tom come in the mail - arrggghhh), so I can’t pay them electronically. Physically showing up at SBI (the bank that the company in Delhi uses) and depositing my cheque on their account limits me to RS 25,000 and I need to pay more than that, plus my local SBI branch seems to have a policy of only allowing non-home transactions in Blue Moon Tuesdays when Venus and Jupiter are in conjunction.

Presumably, I’d have to have something (cheque? demand draft?) sent via courier. How is this typically done? What are the dangers and pitfalls?

shashank.aggarwal · Dec 1st, 2008, 15:05

Just make a crossed cheque and courier it.

The only danger is the cheque getting lost in transit, you can always put a stop payment in that. But it has never happened to me.

nayan · Dec 1st, 2008, 15:07

Go to your ICICI branch(or any other branch). tell them you want to get a demand draft.

you will need the account name, account number and branch code of the firm in delhi.

the DD should be done in 10-15 mins. you may or maynot be charged for it(depends on the kind of account you have).

Courier the DD through a reliable company like blue dart or DTDC.

Blue dart is about 2-3 times as expensive as DTDC but they will get it delivered the next day from bangalore to delhi.
DTDC may take 3 days.

Cayle · Dec 2nd, 2008, 15:59

Thanks all!

I went ahead and made up a DD. It was a relatively painless experience. As far as DTDC goes, in my experience, the delivery time seems to be independent of distance. I've seen them take longer (based on tracking info) to take a parcel across town than to Delhi. Go figure!

capt_mahajan · Dec 2nd, 2008, 16:07

Just saw this thread: For future reference

Many bank cheques are payable at par across the country, certainly in cities. I vaguely recall SBI promising this, too. Many private and other banks certainly do, don't know about ICICI

Any cheque is payable anywhere in india, it may take a few days at the other end and there may be bank charges- quite low. This is, of course, if a bank does not pay at par across India.
One can always add the bank charges to the cheque amount and mail it (a/c payee only) so the recipient does not lose any money.

Dec 1st, 2008, 14:59	#1
Cayle Ex-Expat, but still around Join Date: Jun 2008 Location: Back in Germany Posts: 236	Paying by cheque to another city I seem to have a head scratcher of a problem. I finally got around to opening a bank account in India, with ICICI. Now, want to send a cheque to a firm in Delhi and another to an NGO in Chennai as a donation. I can’t log into my online banking account at the moment (waiting the 8 working days for a new password tom come in the mail - arrggghhh), so I can’t pay them electronically. Physically showing up at SBI (the bank that the company in Delhi uses) and depositing my cheque on their account limits me to RS 25,000 and I need to pay more than that, plus my local SBI branch seems to have a policy of only allowing non-home transactions in Blue Moon Tuesdays when Venus and Jupiter are in conjunction. Presumably, I’d have to have something (cheque? demand draft?) sent via courier. How is this typically done? What are the dangers and pitfalls? __________________ Blog - http://ayearinindia.wordpress.com/ Panoramo Photos - http://www.panoramio.com/user/1275355

Dec 1st, 2008, 15:05	#2
shashank.aggarwal The Fortunate One Join Date: May 2007 Location: Road Posts: 6,820	Just make a crossed cheque and courier it. The only danger is the cheque getting lost in transit, you can always put a stop payment in that. But it has never happened to me. __________________ Spineless Travelogue - Around India

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Dec 1st, 2008, 15:07	#3
nayan Forum Leader Join Date: Aug 2006 Location: hyderabad/tokyo Posts: 1,930	Go to your ICICI branch(or any other branch). tell them you want to get a demand draft. you will need the account name, account number and branch code of the firm in delhi. the DD should be done in 10-15 mins. you may or maynot be charged for it(depends on the kind of account you have). Courier the DD through a reliable company like blue dart or DTDC. Blue dart is about 2-3 times as expensive as DTDC but they will get it delivered the next day from bangalore to delhi. DTDC may take 3 days.

Dec 2nd, 2008, 15:59	#4
Cayle Ex-Expat, but still around Join Date: Jun 2008 Location: Back in Germany Posts: 236	Thanks all! I went ahead and made up a DD. It was a relatively painless experience. As far as DTDC goes, in my experience, the delivery time seems to be independent of distance. I've seen them take longer (based on tracking info) to take a parcel across town than to Delhi. Go figure!

Dec 2nd, 2008, 16:07	#5
capt_mahajan Infidel Sufi Join Date: Sep 2005 Location: styx Posts: 13,606	Just saw this thread: For future reference Many bank cheques are payable at par across the country, certainly in cities. I vaguely recall SBI promising this, too. Many private and other banks certainly do, don't know about ICICI Any cheque is payable anywhere in india, it may take a few days at the other end and there may be bank charges- quite low. This is, of course, if a bank does not pay at par across India. One can always add the bank charges to the cheque amount and mail it (a/c payee only) so the recipient does not lose any money.