Remittances to and from abroad
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Demand Drafts
Demand Draft can be issued at the request of remittor to transfer funds to overseas in specified currency.
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Overview
The remittor is to submit a request to issue Demand Draft. Exchange control regulations are applied in overseas remittances.
| Foreign Remittacne Outward | |
|---|---|
| Draft Upto $5000.00 | $7.50 + Stamp Duty per instrument |
| Draft above $5000.00 | $10.00 + Stamp Duty per instrument |
| Advice of Fate (Placing Stop Payment) | $15.00 + Stamp Duty per instrument |
| Repurchase of Draft | |
|---|---|
| Draft repurchase / replacement / refund |
$15.00 per instrument |
