| Remittance Service Customers may remit funds from one centre
to another centre by Demand Draft or Telegraphic Transfer (TT), etc. by paying specified
charges as per the Bank's rules.
The customers can utilize the facility of Electronic Funds Transfer (EFT) System
operated through RBI for transferring funds to and from Kolkata, Chennai, Delhi and Mumbai
upto Rs. 5 Lacs.
Demand drafts, telegraphic transfers and travelers' cheques for As. Rs. 50,000 and
above will be issued by the banks only by debit to the customer's account or against
cheques or other instruments tendered by the purchaser and not against cash payment.
Similarly, such payments for As. 50,000 and above will be made through banking channels
and not in cash.
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