Send a Foreign Currency Check/Draft in your name to the nearest Citibank NRI Business Center. The Instrument should be payable/endorsed to: Citibank NRI BUSINESS A/C Name & Number ________________.

 

We accept Foreign Currency checks in the following currencies - USD, GBP, CAD, SGD, EUR, JPY, AUD.

 

	Currency	Location
	US Dollar	New York
	Pound Sterling/Euro	London
	Japanese Yen	Tokyo
	Canadian Dollar	Canada
	Australian Dollar	Australia
	Singapore Dollar	Singapore
	Indian Rupee	India

 

Please follow the simple guidelines below to enable faster processing of your checks:

 

a) Ensure that your

• Account Number and Name are correct and clear on the Check/Draft
• Signature matches with the one you provided to your bank at the time of account opening

 

b) Make sure the Check/Draft is countersigned, in case of an alteration

• In the payee's name
• In the date
• In the amount
• Or over-writing on the signature

 

c) Ensure that the amount entered in words and the amount entered in numerals is correct.

 

Check/Draft Clearing Timelines are as follows:

 

	Currency/Location		Expected Processing Time1
	USD checks deposited in USA	For all checks < USD 5,000	After 4 days from receipt of check
		For all checks > USD 5,000	After 11 days from receipt of check
	GBP checks deposited in UK	For all checks < GBP 7,500	After 4 days from receipt of check
		For all checks > GBP 7,500	After 11 days from receipt of check
	CAD checks deposited in Canada	For all checks submitted above CAD 10,000 the customer has to submit a copy of his Passport/Driver's License and provide current address	After 24 hours from receipt of check
	AUD checks deposited in Australia	For all AUD personal checks	After 7 working days from receipt of check
		For all AUD bank checks/drafts	After 7 working days from receipt of check
	NZD checks sent to Australia	For all NZD checks	After 21 working days from receipt of check
	EUR checks sent to London Service Center	For all EUR checks	After 7 working days from receipt of check
	SGD checks deposited in Singapore	For all SGD checks (check clearing letter to be enclosed)	After 3 working days from receipt of check
	1 Processing time includes location-clearing time.

 

• All Checks/Drafts received in non-home currencies will go in for International Clearing. On an average it takes 7-10 days for funds to be received from the time check is deposited. After receipt of funds, the customer will be able to utilise the funds within a maximum of 21 working days. This is applicable for USD check. For SGD check, it takes about 3 working days for the customer to utilise the funds after receipt of funds. For other currency instruments, it takes anywhere between 14-49 days for the customer to utilise the funds
• All Checks/Drafts payable in currencies which are not drawn at the Home Country will be sent for collection directly to the drawee bank. We can credit your account only upon receipt of check proceeds from the other bank. The clearing time will be a minimum of 30 working days from the date of credit of funds. For example: a USD check, payable at UK, deposited in India
• In case a check deposited into your account bounces, the processing time for subsequent checks credited into your account may be increased by up to 21 working days

• You can transfer funds online from your US Savings/Checking Account to your Citibank Rupee Checking Account in India using the Automated Clearing House (ACH) facility
• ACH is a unique, paperless and online transfer facility in the US. It saves a person from the hassle of going to a bank or posting a check for affecting a transfer. Using the ACH facility, you can transfer funds online into the Rupee Checking Account from your local US account, provided your bank in the US participates in the ACH network
• To use this facility, log on to your account at www.citinri.com and click on the "remittance" option, on the left hand side of the screen and register your local US Bank Account
• 
  Click to Zoom
• To validate the above account details, Citibank will process a sub-dollar credit & debit to your local US account, which you need to validate at our branch after 3 banking days
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  Click to Zoom
• Once your account is validated, you can remit funds anytime from your U.S. bank account into the Rupee Checking Account by clicking on the "Remit Now" option. The transferred funds will reflect in your Rupee Checking Account within 5 banking days.

 

Allows you to transfer funds from your local Citibank Account to your Citibank Rupee Checking Account instantaneously.

 

This facility is available via your local Citibank Account at countries below:

 

• AUSTRALIA
• KOREA
• SPAIN
• BELGIUM
• GERMANY
• TURKEY
• EGYPT
• GREECE
• UAE
• BRITAIN
• SINGAPORE
• USA
• INDONESIA
• POLAND
• BAHRAIN
• GUAM
• INDONESIA
• COLOMBIA
• PHILIPPINES
• HONG KONG

 

For all these countries, you need to login to your local Citibank Account online and click on "Transfers" option in the sub-menu. Under the transfers heading, choose "Transfer to a Citibank Client Abroad" and fill in the details of your Rupee Checking Account to make the transfer.

 

For NRIs residing in USA / UK, the CGT facility is also available through all Citibank ATMs. (7/11 ATMs in USA do not support this service)

 

Transfer funds online from your Rupee Checking Account to any local account in India to over 41,000 branches. Click here to view the list of branches. Log on to your account on www.citinri.com and request for a transfer online. No charges from Citibank for this facility.

 

Please note: RBI has withdrawn the Electronic Fund Transfer (EFT) facility with effect from 31st January 2008. You will not be able to transfer funds to some branches, which were previously supported through this payment option starting 29th January 2008.

 

In future, if you encounter a failure message during the fund transfer process for any of your existing payees, please go through the registration process once again to check if your payee bank branch is supported by the National Electronic Fund Transfer (NEFT) process.

 

Click here to view Demo on NEFT / RTGS.