Legal Question in Banking Law in India

Authenticity of Certified International Bank Draft

Please sugest me whether the Certified International Bank Draft is valid for transaction in INDIA and any nationalised banks in INDIA.the procedure of transection and the rate of enterest chargeable on the amount of such draft. What would be the legal sanctions on the amount of suchBank Drafts. Please be specific.


Asked on 5/26/09, 9:14 am

5 Answers from Attorneys
Pranav Desai PD Legal & Associates

Re: Authenticity of Certified International Bank Draft

Yes it is valid. Though, it is likely that you may be a proposed victim of the scam which is now days tap you through emails. If that's the case we suggest you to beware. In any other case you should consult a local bank which would be in the dealing.

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Answered on 5/28/09, 5:20 am
KAMAL GROVER

Re: Authenticity of Certified International Bank Draft

Yes it is valid

For further assistance plz contact at

adv.kamal.grover.gmail.com

We deal cases in the courts all over India.

M: 09814110005

Chandigarh Office

We strive for your rights.

Good Luck

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Answered on 5/26/09, 9:22 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Authenticity of Certified International Bank Draft

Yes it is valid.

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Answered on 5/26/09, 10:03 am
J. Radhakrishnan independent Practice

Re: Authenticity of Certified International Bank Draft

certified international draft is valid can be collected by your bank nationalized or private to your account. No interest accrues on the said draft as such. You have to make a term deposit with your bank for suitable period after the amount of draft is credited in your account.

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Answered on 5/26/09, 10:18 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Authenticity of Certified International Bank Draft

I agree with the above opinion of Mr. Radhakrishnan.

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Answered on 5/26/09, 8:33 pm


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