Local Remittances in KRW
The customers can make local remittances in KRW through our bank.
For remittance procedure click here Remittance Seoul
For Seoul Branch
Name of customer:- (Your Name)
Account No. (Your account number with our bank)
Name of Bank: State Bank of India, Seoul branch.
Our KRW Correspondent: Korea Exchange Bank Sogong-dong branch
Account No. : 113-890043-66804
Collection of Clean Bill(s) / Cheque(s) payable at foreign centres
We can collect cheques and clean bills denominated in foreign currencies, through our correspondents in New York, London, Frankfurt etc. The rules governing the collection transaction are given on the back of the Application for Collection of Clean Bill(s) Payable in Foreign Countries / and Notice". The customers are required to declare the required particulars pursuant to Article 3 of the "Law on reporting requirements on cross border payments and receipt for the tax law compliance".