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How to get Bank Draft made?

US Bank Draft is a requirement by most of the universities to submit all the fees. Now there are several ways of getting this done, firstly you can get a US Bank draft made from directly a US bank if possible. If not, then you need to have an International Account in any International Bank e.g Citibank that allows you to do transactions of multiple currencies, it takes about few dollars per draft/cheque as an extra cost of getting a US bank draft/cheque made.

never take a draft out at

never take a draft out at PNB.
Its the costliest.
1200 Rs extra and weird requirements for a draft.
Dont think of it
bad idea

getting USD draft

ICICI bank charges Rs. 200 extra, if you hold a saaving aaccount with them.

thank you for such a great

thank you for such a great resource.

i have a question if my uncle is in the u.s, can he make the drafts himself and pay through his name, the procedure will be much more simple.

also if i fedex him an entire package containing 10 university applications and he posts them for me along with the bank drafts will that be acceptable?

thank you!

Yes this shouldn't be a

ayaz's picture

Yes this shouldn't be a problem from where and how you send in your applications.

reg Money order services for application fees

hello umar bhai n all the forum members.


could u pls guide me as to where from could i get a money order drawn on a U.S. bank made payable to univs like Case western and UT-HSC.


enquired at SBI and India Post Office......but they say its not possible.can someone help me with this issue soon...Demand draft is not acceptable to the above Univs also.


thanking u.

check out various posts of

umar's picture

check out various posts of electives guidance by indian medical students, on this website! I am sure you would get some idea!

I am very busy these days and won't be replying to anymore queries. Apologies for any inconvenience and thank you for your understanding. All the best.

purpose of draft?

is the draft an artificial dollar -like paper ,  we are supposed to keep it in the envelope and  send it along with the applicaton papers 

we are supposed to pay sometimes for the application   and then   after acceptance    for the tuition fee 

suppose we get accepted , how and when do we send the draft .. again the same way ,, separately in an envelope 

you mail the draft.....

umar's picture

you mail the draft..... either with the application or separately later via courier or mail......

I am very busy these days and won't be replying to anymore queries. Apologies for any inconvenience and thank you for your understanding. All the best.

@ viraat

jus went thru ur post sbt foreign draft makin... i got a fc draft made from HDFC (drawn on JP morgan) a few days back... they charged me 300rs.... but if SBI charges rs 160, dats really cheap...sum previous posts here mentioned that sbi charges Rs. 675 per draft... could u throw sum light on SBI process of makin a draft??

yeah i got 3 drafts made with

yeah i got 3 drafts made with SBI itself, two of $100 each and one of $300 and paid only extra of Rs. 160. and i m talking of some 10 days back. I had enquired HDFC people and they said I will be charged Rs. 1000 per draft extra. I dont know how these bank people charge differently at different places or from different people. huh.

and process is same-

1. take copy/print out of your elective rules page where the draft amount is mentioned and also where it is mentioned that it should be payable to 'XYZ...ABC'

2. take along a photocopy of PAN card and also original so they can verify its the same

3. Fill up the forms, (4 in number if i remember right)

4. write them a cheque (my branch insisted that I should pay in cheque and not cash)

5. say thank you

6. collect the draft next day (may b same day if u coax the officer a little)

7. check that its correct

8. again say thank you. :P

abt SBI

I got it made thru SBI.

Its the same process, goto SBI main branch in ur city which has foreign exchange counter. Show them prrof of why you need the draft, like webpage prinout of the elective fees. fill up the forms and pay the amount either cash or check. I PAID 625 Rs commission for every draft. I dont know how they can charge 160 Rs........

better confirm it with SBI, must be due to new rules n budget etc.

Best Wishes

cheque

Please explain what does a fee of $100 'drawn on a US bank' mean?

It means a draft or cheque of

umar's picture

It means a draft or cheque of $ 100 which can be drawn from a US bank e.g bank of america, wells fargo etc.

I am very busy these days and won't be replying to anymore queries. Apologies for any inconvenience and thank you for your understanding. All the best.

by US bank they mean a bank

by US bank they mean a bank from which check can be encashed in the US. U can get a bank draft made from State Bank of India, there its the cheapest. HDFC, ICICI are costlier. HDFC charges Rs. 1000 extra for a foreign bank draft.. SBI charges only Rs. 160 which is very nominal. Just go to an SBI brach which has a foreign exchange counter. (Most of the big branches have it). They will guide you and ur draft will be made in one day. good luck.

thanks

Thank you!

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