Various products and services offered under this head are:

FOREIGN CURRENCY TRAVELERS CHEQUES
Traveler’s cheques (TCs) are a convenient risk free form of carrying money and TCs are encashable at a number of locations across the world. You can en-cash them only when you need to, and only against your signature, unlike cash which can be stolen and misused by anybody, immediately. Loss of Travelers Cheque can be reported anywhere in the world by making a single phone and the pre-fixed amount on the cheques are made refundable.
Travelers Cheques are offered in all the major currencies like USD, GBP, Euro, CAD, AUD or JPY. These are available in various denominations to suit your needs. Our branch is involved in buying and selling of these cheques.

FOREIGN CURRENCY CASH
Foreign Currency Cash is a convenient way of meeting personal expenses along your journey, paying for taxis / internal travel, food expenses etc.
You could avail of Foreign Currency Cash in USD, GBP, EURO or JPY from our branches offering Foreign Exchange facilities.

FOREIGN CURRENCY DEMAND DRAFTS
You can now avail of our FCY DD facility to make payments for various purposes like:

  • Payment of University fees abroad
  • Making a gift remittance to a friend or relative
  • Payment for medical treatment abroad
  • And all other permitted purposes as per the RBI guidelines.
FCY Demand Drafts are issued in all the five major currencies like USD, GBP, Euro, JPY and Canadian dollars

FOREIGN CURRENCY CHEQUE DEPOSITS

You can directly deposit your foreign currency cheques in to your saving or current account. Chinatrust Commercial Bank will then have the cheques sent for collection and the funds will be credited to your account in Indian Rupees. We accept cheques of various currencies like USD, GBP, Euro, JPY, Australian Dollars, Canadian Dollars, UAE Dirham’s, Hong Kong Dollars and Swiss Francs.

REMITTANCES
Chinatrust Commercial Bank offers you the following remittance facilities
    1. Inward Remittances:
      With our vast correspondent-banking network across the world, we can assure you an efficient and fast mechanism for crediting your receipts in various foreign currencies, to your account with us. List of our correspondent banks abroad is available on request, and you can advise your trading partners abroad to route the remittances through these banks abroad.

    2. Outward Remittances:

      Examples of such payments are:
      • Business Travel
      • Travel for Medical purpose
      • Travel for education
      • Basic Travel Quota (BTQ)
      • Travel for pilgrimage
      • Other travel payments (including credit card)
      • Life insurance premium
      • General insurance premium
      • Subscription to periodicals, Correspondence courses
      • Royalty, License fees
      • Professional service, Technical fees 
Trade Finance Services-
Chinatrust Commercial Bank offers trade related information. The Products and Services offered are as listed below:

Imports
  • Issuing Documentary Credits/Guarantees
  • Loan against Import Bills
  • Arranging discount of Import Bills overseas
  • Import Bills for collection
  • Foreign remittances relating to Import, using SWIFT
  • Shipping Guarantee/Delivery Orders

Exports

  • Packing Credit
  • Export Bill Negotiations
  • Export Bill discounting
  • Advising and confirmation of Documentary Credits
  • Transfers of Documentary Credits
  • Export Bills for Collection

Other Trade Related Services
  • Foreign Exchange forward contracts
  • Taiwan related trade information
  • Credit enquiries of overseas parties
  • Forex advisory services