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What are the features of a Telegraphic Transfer?

  • Transfers of funds by telegraph, telex, cable or SWIFT from a bank to its branch or another bank authorising the payment of funds to a specified person or account
  • Types of Telegraphic Transfer:-
    1. Local Telegraphic Transfer (between CIMB Bank branches and Rentas interbank)
    2. Foreign Telegraphic Transfer (foreign currency)

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