Indian Overseas Bank — Refusal o[censored]s check

Address:

600094

Ours is a fcra account. We have been depositing us checks since 1996.

We have submitted fcra recognition also.

Now they are refusing to accept us checks.

Also they are telling their nostro account is blocked and they have to unblock it through some other way. It takes 25$ per instrument and courier charges 1000 rs etc., etc. We have give an undertaking for each instument also.

Checks are returned after two months. It was kept idle at the bank and returned without assuming any reason in writing.


What is happening in iob? Or is it a hidden attack against the us remittance.

Please clarify.