| Foreign Currency Draft Issuance |
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A draft is a written order by a Bank irrevocably undertaking to pay on demand a specified sum of money to the order of a specified person. Presently our foreign currency drafts are drawn on Citibank New York for US Dollar drafts and Citibank London for Pound Sterling and Euro drafts. Requirements
Foreign currency drafts from all of our branches are processed at the Head Office and forwarded to the branches after processing. |