Does SBI accept dollars check?

[blackpearl]

I received an adbrite check which is in dollar, and I have an SBI account. Can I deposit the check to SBI? How much will they charge for conversion?

thanks

[ashu888ashu888]

well, u cannot deposit an overseas cheque in an Indian bank afaik./. (i may be wrong)
if the cheque amt was converted to dollars (cash) and then to RUpees (cash) it is far easier..

and the exchange rate wud be USD $1=Rs.45.30 (as the exchange rate is always abit lower wen u giv Dollars to the bank./.) and it also depends on the daily Rs. VS USD rates (as given in newspapers)
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Cheers n e-peace...

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If they (the company from where u got the ceque) can deposit via online transfer then it is far better.. but then there isa risk of forgery and misplaced identity (if u are not aware of who the ppl are) if its a Rogue organisation, u can be a victim of phishing attack.. hope u understand the pros and cons of this..
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[din]

Yes, almost all banks including SBI will accept USD cheques. No problem.

Banks which will accept it for sure - Federal Bank, SBI, SBT (form my personal experience).

Actually these banks will accept all major currency cheques.

[gurujee]

my father is in bank..according to him, all banks are accepting it. and conversion price/cheque clearance price wont be too high as these are being done online now-a-days..

[blackpearl]

Ok. thanks.