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 | |
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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 | |
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Draft repurchase / replacement / refund |
$15.00 per instrument |