Access your funds quicker with our convenient cheque collection service
Save the time spent visiting the bank and focus on running your business with DBS Cheque Pick Up. Simply submit your cheques to our designated vendor resource for added convenience. We collect both domestic and international cheques from your business and client premises and deposit the cheques directly to DBS for clearance. Our secure and timely pick up service will ensure your cheque deposits are processed promptly. If your business involves collecting cheques from your customers regularly, you will find this secure and convenient collection service particularly beneficial.
Why choose DBS Cheque Pick Up?
We collect both local and outstation cheques*, and our collection facility is serviced through our branches and partner banks in India.
* Outstation cheques refer to cheques that are cleared in a different location from where the cheque was presented.
We offer to collect foreign currency cheques in our pick up service and process the cheques which can be drawn from overseas banks through our international collections banking network. For example, we can process a USD cheque deposited in an Indian city but payable in New York.
You can submit both domestic and international cheques for our cheque pick up service. Domestic cheques include local and outstation cheques.
You will receive a daily cheque collection status report via IDEAL™, our online banking platform, where you can view the latest update on the cheques deposited into your account. You can also sign up for IDEAL™ eReports, where we will provide you with real-time email/SMS alerts at each stage of the cheque collection process and inform you when the cheque has cleared and the funds are credited into your account.
Yes, the fees apply to your account type:
For Business Entrepreneur’s Account holders, the fee is INR 500 per location per month
For Business Edge Account holders, the fee is INR 300 per location per month
The above charges are for pickup locations within the city area. Additional charges will apply for any specific location or outside city area pickups.
How do I apply?Please call any of our Branches or your existing Relationship Manager to apply.