Cash an Indian Rupees bank draft in Toronto!


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ashwini   
Member since: Oct 10
Posts: 4
Location:

Post ID: #PID Posted on: 17-12-10 15:52:51

Name a bank in Toronto that will cash an Indian rupees bank draft (Standard chartered bank draft) ? Do I have to open a new Indian rupees account to deposit the draft and then convert to CD $ ?



chekram_04   
Member since: Nov 06
Posts: 427
Location: Mississauga

Post ID: #PID Posted on: 17-12-10 19:11:53

It is amazing:) to know that Standard Chartered Bank issued an Indian Rupee bank Draft payable at Toronto . I think you should take chances with ICICI or State Bank of India Canada may be they can help you out.



rajcanada   
Member since: Jul 03
Posts: 2713
Location: Kitchener, ON

Post ID: #PID Posted on: 17-12-10 21:48:39

Quote:
Originally posted by chekram_04

It is amazing:) to know that Standard Chartered Bank issued an Indian Rupee bank Draft payable at Toronto . I think you should take chances with ICICI or State Bank of India Canada may be they can help you out.



I don't think OP meant that it is issued in Toronto, OP wants to know whether it is cashable in Toronto. India does not allow INR to be taken outside India, so I do not think it would be possible to cash it outside India.


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