Foreign Exchange Remittances

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Amit (Querist)
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02 January 2009 Hi Everyone,

When we get a foreign exchange remittance from oversea the banks usually provide a credit note stating the total amount (in Rupees) less bank charges. This amount is credited in the customer's account.

But being a customer of the bank, How can we verify that the amount credited was actually realized by the bank? They may credit less amount although they may have realized higher amount due to foreign exchange fluctuation.

ravi

ravi (Expert)
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03 January 2009 Sir,

in this regard, the moment u receive the payment in INR you have to take the statement of bank for further details

regards
k.ravi