Collection Charges For Outstation Cheque Sbi
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FAQ
Outstation Cheque Collection Up to Rs. 10,000not exceeding Rs. 50 per instrumentRs. 10,000 to Rs. 1,00,000not exceeding Rs. 100 per instrumentRs.1,00,001 and abovenot exceeding Rs. 150 per instrument
Cheque Collection - Inward / Outward. Up to & Including Rs. 5,000/- Rs. 25/-
Cheques can be issued to a person holding a bank account in a bank branch in the same city or outside. When the cheque is issued to a person outside the same city then it becomes an outstation cheque. Speed Clearing is a process that makes it possible to clear such cheques, locally.
Cheques drawn on other banks at outstation centres will normally be collected through bank's branches at those centres. Where the bank does not have a branch of its own, the instrument would be directly sent for collection to the drawee bank or collected through a correspondent bank.
Collection of cheques, deposited by its customers, is a basic service undertaken by the banks. While most of the cheques would be drawn on local bank branches, some could also be drawn on non-local bank branches.