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How do I transfer money to India through Indian Rupee Draft and when would the beneficiary receive the funds in India?

April 26, 2017Beneficiary draft funds India indian money rupee transfer

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How do I transfer money to India through Indian Rupee Draft and when would the beneficiary receive the funds in India?

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You can purchase Indian Rupee draft from any of the branches in Canada and send it to your beneficiary by either post or by delivering it personally if you are traveling to India. Once the draft is deposited by the beneficiary in his account with any bank in India, it usually takes 3-5 business days to clear the draft. If the beneficiary has an account with ICICI Bank Limited India, the funds will be credited to the account immediately.