Tag Archives: Payment

USA Visa – How to schedule your appointment in the shortest possible time


Indians now pay your USA visa fee electronically. IMPS enabled

One of the basic steps in obtaining US Visa is payment of visa processing fee. Like all payments now-a-days, visa fee can be paid electronically.

Just log on to the USA governments official travel website, create your Profile and proceed to pay the fee electronically.

At present, payment of credit card/debit card option is not enabled.

However, IMPS (Immediate Payment Service) option has been enabled.

Electronic – National Electronic Funds Transfer (NEFT) * New

Electronic – Mobile Payments – IMPS * New

Traditional – Cash – Over the Counter at DRUK Bank

Traditional – Cash – Over the Counter (AXIS Bank and Citibank)


In most cases, each visa applicant, including children, is required to pay a non-refundable, non-transferable Machine Readable Visa (MRV) application fee, whether a visa is issued or not.

The visa application fee is determined by the type of visa for which you wish to apply.  Remember, the MRV fee is non-refundable.

Payment of the Visa Fees electronically is beneficial and also adds value to your Visa application.

Applicants who pay via the IMPS system during regular business hours (9AM – 5PM) will be able to schedule their appointment within 3 hours. Applicants who make their payment after 6PM will be able to schedule their appointment after 9AM the next business day. Yes, you can schedule your interview within 3 hours, the shortest gap possible.


Issue of Demand Drafts for Rs. 20,000/- and above

To minimize the risk arising out of Open Demand Drafts, being used in lieu of Cash, RBI, DBOD, vide its Notification NO RBI/2011-12/250 DBOD.BP.BC. No. 49/21.01.001/2011-12, dt November 4, 2011, has advised banks to ensure that demand drafts of Rs. 20,000/- and above are issued invariably with account payee crossing.

It is to be noted that, instruments with account payee crossing are required to be credited to the payee’s account and not paid in cash over the counter.

Demand drafts include Pay Orders too.

99% of the Demand Drafts/Pay Orders are machine printed, hence, a small modification in the DD/PO printing program of the Banks’ CBS, to ensure that ‘account payee’, is printed by default for DD/PO above 20,000/- will eliminate the risks of missing the ‘account payee’, crossing.

Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques – Validity period reduced to 3 months from 6 months.

Today RBI vide its Notification No.RBI/2011-12/251,DBOD.AML BC.No.47/14.01.001/2011-12 dt.

November 4, 2011, has announced a major change in the validity period of Cheques/Drafts/Pay Orders/Banker’s Cheques.

The current practices is that the Cheques/Drafts/Pay Orders/Banker’s Cheques, are valid for a period of 6 months from the date of the instrument.

In practice, these instruments were being circulated in the market like cash for six months, by some persons taking undue advantage of the of the said practice of banks of making payment of cheques/drafts/pay orders/banker’s cheques presented within a period of six months from the date of the instrument.

This was brought to the notice of Reserve Bank of India, by Government of India.

Hence in public interest,  Reserve Bank has reduced the period  within which cheques/drafts/pay orders/banker’s cheques are presented for payment from six months to three months from the date of such instrument.

Accordingly, Reserve Bank hereby has directed that with effect from April 1, 2012, banks should not make payment of cheques/drafts/pay orders/banker’s cheques bearing that date or any subsequent date, if they are presented beyond the period of three months from the date of such instrument.

As there are 5 months, before this notification is effective, all the participants in the banking channel, have sufficient time to get familiarised with it.

To me, this is one more step to migrate folks from paper-based to electronic-based payment modes.  

Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts – Clarification.

Collection of third party account payee cheques – Prohibition on
crediting proceeds to third party accounts – Clarification.

Reserve Bank of India, Department of Banking Operations and Development (DBOD), today issued a Notification, indicating slight alterations to the Notification No.RBI/2009-10/130, DBOD.BP.BC No. 32 / 21.01.001/ 2009-10, dt.August 27, 2009 on Collection of account payee cheque – Prohibition on crediting proceeds to third party account

The Notification No is RBI/2010-11/ 222, DBOD.BP.BC.No.47/ 21.01.001/2010-11 dt.October 1, 2010.

The Circular can be accessed @



The highlights of today’s circular are : –

01)  Slight modifications have been made to the Notification dt.27/08/2009

02)  Account Payee cheques upto Rs.50,000/- can be collected to the account of  co-operative credit societies, for final credit to the co-operative credit society account holders.

However the above freedom is subject to :

01)  The banks should have a clear representation in writing given by the co-operative credit societies concerned that, upon realization, the proceeds of the cheques will be credited only to the account of the member of the co-operative credit society who is the payee named in the cheque.

02)  This shall, however, be subject to the fulfillment of the requirements of the provisions of Negotiable Instruments Act, 1881, including Section 131 thereof.

03)   The collecting bank shall also carry out proper due diligence with respect to such co-operative credit societies and ensure that KYC documents of the customers are preserved in the society’s records and are available to the bank for scrutiny.

The underlying caveat is: –


The collecting banks should, however, be aware that in the event of a claim by the true owner of the cheque, the rights of the true owner of the cheque are not in any manner affected by this circular and banks will have to establish that they acted in good faith and without negligence while collecting the cheque in question.



The above clarification will make life easier for Collecting Bankers, Co-operative credit societies and customers of Co-operative credit societies