Safest mode for money transfer

Experience seamless flow of transfer at BoB

  • Import Facilitation
  • Export Facilitation

Handling of Import Bills on Collection Basis, Import letters of Credit Establishment, Bid/ performance/ Financial guarantee Issuance, Remittance for Trade and Advance payments and providing expert advice on international Trade Practices.

Collection of Export Bills non LC and under LC advising of Export LCs etc.

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Frequently Asked Questions (FAQs)

  • What is Telegraphic Transfer?

    Telegraphic Transfer (TT) or Wire Transfer is a secure and efficient method of electronically transferring funds between banks or financial institutions, allowing quick and easy money transfers across different locations or countries.

  • How does a Telegraphic Transfer work?

    Telegraphic Transfer is a secure electronic method for international fund transfers. The sender instructs their bank with a specific code, and the recipient's bank verifies and transfers the funds, typically within 1-2 business days.

  • What information do I need to provide to initiate a Telegraphic Transfer?

    To initiate a Telegraphic Transfer, you will need:

    • Recipient's bank details (name, address, and account number)
    • Transfer amount and purpose
    • Your own bank details
    • Any other required information from your bank.
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