ACH stands for Automated Clearing House. In the United States, the ACH Network is a highly reliable and efficient nationwide electronic funds transfer system used for inter-bank clearances of electronic payments. National Automated Clearing House Association (NACHA) governs this system. It's a great way to transfer money because the amount is directly debited from your account after you book a transaction. Clearly, that saves you time and effort.
Apart from the reliability and stability of a nationwide system, ACH transfer gives you many other advantages: You can schedule your regular payments like loan EMIs and insurance premiums You can send money from not just one but many US bank accounts It's totally online. There's no need to visit your bank at all A one-time verification of your bank account makes sure that your details are safe and secure
ACH operates only in the US; so you can send money only in USD
You need to provide us with the following details: Your name as it appears on your bank statement Your Social Security Number Your US bank account number Name of your US bank The type of bank account you have US bank's 9-digit ABA Routing Number
You need to provide us with the following details: Your name as it appears on your bank statement. Your Social Security Number Your US bank account number. Name of your US bank. The type of bank account you have. US bank's 9-digit ABA Routing Number.
It's very easy to add your bank account information on Remit2India. To do that: 1.Sign-up with Remit2India 2. Provide us with the bank account details 3. We will then verify and activate your account and notify you about it via email. Or, you can find out about it from our Status Tracker 4. Once your account is activated, you can start sending money. Note: Book your transaction by 1800 GMT so that we can process it faster.
We verify your account just to be sure that it is you who have added the account. We do this through a simple and a one-time process. 1. We credit and then debit a very nominal and random amount in cents to and from your bank account. The amounts are the same so the net impact on your bank account is zero 2. We then let you know about this transaction by email 3.When you receive the email, you need to refer to your bank statement for the exact amount that has been credited and debited 4.When you log in to Remit2India, your transaction status will show, ‘Click to Verify' 5.Now enter the exact amount in the space provided 6.If the details match the actual transaction you see in your bank statement, your account is activated and you can start sending money
The exchange rate prevalent on the day your money is converted to Indian rupees is the rate that will apply to your remittance.
Our online calculator will let you know the prevailing exchange rate whenever you book your remittance so that you have a fair idea of how much amount you can expect in INR.Click here to know today's exchange rate.
You can either use your checking or saving account with any US Bank affiliated with the ACH network.
The ABA or American Bankers Association number or Routing number is also called a Routing Transit number. It is an identification number assigned to each financial institution and each branch office of that financial institution. The ABA/Routing number is required to transfer money.
As money gets directly deposited in the bank
account, your recipient doesn't have to wait for
the courier or postal service to deliver the
money. And here are a few more advantages:
- You don't have to pay any charges to your bank.
- Your recipient doesn't have to visit the bank because your money goes directly into the receiver's account.
- You don't wait for the deposited demand draft to clear.
- Your family doesn't have to visit agents or handle cash, which could be risky.
Remit2India has joined hands with around 89
reputed banks across India. If your recipients
have an account with any of the banks listed
below, you can send money directly into their
- Abhyudaya Co-Op Bank Ltd.
- ABN AMRO Bank (does not exist anymore)
- Abu Dhabi Commercial Bank
- Ahmedabad Mercantile Co-Op Bank Ltd.
- Allahabad Bank
- Andhra Bank
- Axis Bank Ltd
- Bank of America
- Bank of Baharain and Kuwait BSC
- Bank of Baroda
- Bank of Ceylon
- Bank of India
- Bank of Maharashtra
- Bank of Nova Scotia
- Bank of Rajasthan Ltd.
- Bank of Tokyo Mitsubishi Ltd.
- Barclays Bank
- Bharat Co-Op Bank Ltd.
- BNP Paribas
- Calyon Bank
- Canara Bank
- Catholic Syrian Bank Ltd.
- Central Bank Of India
- Centurion Bank of Punjab
- Citizen Credit Co-op Bank Ltd.
- City Union Bank Limited
- Corporation Bank
- Cosmos Co-operative Bank Ltd.
- DBS Bank Ltd.
- Dena Bank
- Deutsche Bank
- Development Credit Bank
- Dhanlaxmi Bank Ltd.
- Dombivli Nagari Sahakari Bank Ltd.
- Federal Bank Ltd.
- Greater Bombay Co-op. Bank Ltd.
- HDFC Bank
- HSBC Bank
- ICICI Banking Corporation Ltd.
- IDBI Bank
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- ING Vysya Bank
- J P Morgan Chase Bank
- Jammu And Kashmir Bank Ltd.
- Janakalyan Sahakari Bank Ltd.
- Kalupur Commercial Co-op Bank Ltd.
- Kapol Co-Op Bank Ltd.
- Karnataka Bank Ltd.
- Karur Vysya Bank Ltd.
- Kotak Mahindra Bank Ltd.
- Lakshmi Vilas Bank
- Maharashtra Co-Op Bank Ltd.
- Mashreq Bank
- New India Co-op Bank Ltd
- North Kanara G.S.B. Co-op. Bank Ltd.
- Nutan Nagrik Sah Bank Ltd
- Oman International Bank
- Oriental Bank of Commerce
- Parsik Janata Sahakari Bank Ltd.
- Punjab and Maharashtra Co-Op Bank
- Punjab And Sind Bank
- Punjab National Bank
- Saraswat Co-operative Bank Ltd.
- Shamrao Vithal Co-Operative bank Ltd.
- Shinhan Bank
- Societe Generale
- South Indian Bank Ltd.
- Standard Chartered Bank
- State Bank of Bikaner And Jaipur
- State Bank of Hyderabad
- State Bank of India
- State Bank of Indore
- State Bank of Mauritius
- State Bank of Mysore
- State Bank of Patiala
- State Bank of Travancore
- Syndicate Bank
- Tamilnad Mercantile Bank Ltd.
- Thane Janata Sahkari Bank Ltd.
- The Mahanagar Co-Op Bank Ltd.
- The Ratnakar Bank Ltd
- UCO Bank
- Union Bank Of India
- United Bank Of India
- Vijaya Bank
- Yes Bank Ltd.
Your name on Remit2India profile should match with the KYC documents, which are issued by government or concerned authority. Also it should be same as per the name appear in your bank records.
Yes. Date of Birth is one of the mandatory information as a part of KYC process. Sharing your correct KYC details with Remit2India, helps us to prevent any kind of fraud happening on our Customer Accounts and thus ensure safety and security to transactions made by you.
It is recommended to update your current Residential address with Remit2India for successful KYC check. Address mention by you should match with your KYC documents.
No. Profile information consists your identity. Sharing correct profile information is mandatory as a part of KYC process. This is to safeguard the interest of our customers and ours as well.
You can enter your middle name along with the first name in the ‘First Name’ field without using a space.
In order to update your Name in Remit2India profile, you need to send us a soft copy of your passport under "HELP" on "Contact US" page. Based on the document validation, your name will be updated in profile.
In order to update your Date of Birth in Remit2India profile, you need to send us a soft copy of your passport under "HELP" on "Contact US" page. Based on the document validation, your Date of Birth will be updated in profile.
In order to update your Address in Remit2India profile, you need to send us a soft copy of your latest Address proof under "HELP" on "Contact US" page. Based on the document validation, your Address will be updated in profile. You may share below documents (any one) as an Address proof: • Utility Bills (example: Telephone bills / Electricity Bills / Gas bills) • Credit Card statement • Bank Statement
You can simply login into your Remit2India account and update/modify your contact number under the ‘Profile Settings’ option. Once you update/modify your contact number, click on “Continue” tab to save the details.
Change OR modification of Registered E-mail Id for your Remit2India account is a sensitive issue, as all future transactions or Remit2India account related information will be sent on new e-mail Id. Therefore, to update your Registered E-mail Id with Remit2India, you need to provide 2 documents mentioned below (both the documents are mandatory): • Internet Bank statement OR screen shot of the page of your Internet banking account mentioning your new e-mail Id • Screen shot of a communication from your bank to your new e-mail Id.
Remittance Reference Transaction Number or RTRN is a unique number displayed on your screen at the time of booking your remittance. You need to refer to the RTRN in different situations: You get to know the exact status of your transfer by simply clicking on your RTRN on our Status Tracker Whenever you write mails to us or call us about your transfer, you can just specify the RTRN to know everything about your transaction If you send a wire transfer to the bank via your local bank, you need to fill in your RTRN on the Remittance Confirmation page. You then need to take a printout of this page after you complete your transaction through Remit2India, in order to submit to your bank
After you send money to India with Remit2India, we keep you informed of the status through regular email updates and reminders.
We give you updates on all stages of your transactions. They are: Money Awaited: This means that the money has not reached the bank. This status also shows up when your wire transfer has not reached our bank account Money Delivered: This means that the amount is directly deposited in the recipient's bank account. You can view the delivery details against your Remittance Reference Number Money in Clearing: This means that the bank has received your fund transfer instruction and it is in the banking channels for clearance Money Dispatched: This means that your funds or funds transfer instruction is cleared; or your wire transfer money is realized and dispatched to the recipient Dead Letter: This appears if, one month after booking your remittance with us, the bank has not received your wire transfer instruction. If you would still like to send money to your beneficiary, you will now need to book it as a new transaction Apart from regular email updates from Remit2India, you can get latest updates by clicking on your RTRN under Status Tracker after logging in to Remit2india website.
No. You can send money to as many people as you want. Remit2India Money Transfers has an Address Book feature where you can enter and store your receivers' details for quick access the next time you want to send money to them.
Most money transfers are available for your recipient in minutes, while some can take up to a few days. In every case, we try to get your money where it needs to go as quickly as possible.
We’ll send status updates by email or text You can also check your Transaction status on Track Transactions page any time.
The country where your money is being sent Whether you choose bank deposit Whether you choose to pay with a bank account, net banking or credit card.
Prepare any information and documentation that might be required by Remit2India or your recipient’s bank or financial institution Plan enough time to verify your bank account and process your payment Remember that banks have their own business hours and holidays Check that your recipient details are accurate
Your transfer is important to us, so we provide status updates that allow you to easily track your transfer. When you first submit your transfer, you’ll receive a receipt with your reference number. We will send you an update if you make any changes to the transfer, or if it is delayed for any reason. After the transfer completes, both you and your recipient will receive a notification that the money has arrived. At any time you can sign into your account and select “Track Transactions” under "Dashboard" to view all of your status updates.
On the last step of setting up your transfer, there will be a couple of different ways you can pay. Please note that you can find the most accurate payment instructions for your currency on this step. For most of our supported currencies, we offer the bank transfer option. Debit and credit card payments are also possible in several currencies. For some Euro payments, we offer a SOFORT option, too. Transfers from USD and CAD offer a direct debit option. You can read more about Canadian Dollar transfers here, and US Dollar transfers here. You can find out the different ways that you can send money for your transfer by clicking on the currency on the article about Supported Currencies.
All you need to do as our registered customer is refer your NRI friends, relatives and acquaintances and spread the word. Once you refer a friend, we will send your referral an email to Sign-up for our services and your MOR account will be credited with Rs. 500/- when your friend Signs-up with us That's not all. You will get an additional Rs. 2,000 in your MOR account when your friend makes the first transaction So, we credit a total of Rs. 2,500 to your MOR account, which you can redeem whenever you like. You can refer as many friends you like. So if you refer 10 friends, you can make Rs.25,000, which is approximately US $400. After the first transaction, your friend also gets Rs. 500/- in her/his account. Simply put, the more you refer, the more you earn
It is important that your friend signs-up for our service by clicking on the link in the email that is sent by Remit2India. This is the only way we can link him or her back to you In case you want to remind your friend on the phone or Facebook or chat, s/he has the option of entering your customer ID in the 'How did you hear about us' field while signing-up with us. This number is the first seven digits of any transaction reference number (RTRN) that you would have got for any transaction done through us. For example, if your RTRN is 1111111001, then '1111111' is your customer ID You need to have a minimum balance of Rs. 500 in your MOR account for you to be able to redeem it against your next remittance transaction with us If you do have a balance of over Rs. 500, you would need to select the redeem MOR benefits option while completing your next transaction with us. It would be visible on the last page of your transaction The redeemed amount would be added in Indian Rupees & sent along as a separate transaction
All registered users of Remit2India are eligible for our referral program. If you haven't registered yet – Sign-up now. To start earning, make sure that your friends: Belong to a country that we service Are not our existing users Complete at least their first transaction with us
Yes. As we credit your Remit2India account for valid referrals, you have to be our registered user.
When you refer your friends for our services, we will immediately send them an email. Ask them to click on the registration link in the email we sent. This will help us give you the due credit for each friend you refer. This is important because we create a customized link just for you
There is no limit on the number of people you can refer and the amount you can earn
To redeem your MOR credit you can choose to send the MOR credit as an additional amount along with your remittance amount to your recipient in India. Note: You will be able to redeem your MOR balance only when the NRI friend you refer has completed the first transaction with us. If your friend has just registered and not transacted, your MOR credit will be Rs. 500/-. When your friend completes the first transaction, you get an additional Rs. 2,000/- and the entire amount of Rs. 2,500/- instantly becomes redeemable
Before you finalize the amount you want to send to
India, please take a look at the fees that apply.
Guaranteed Exchange Rate is the exact same rate you get that you see. In other types of transfers, the exchange rate applied is that which is valid on the day when your money is converted to Indian rupees. But when you choose Guaranteed Exchange Rate, you know exactly what rate you will get. This is a useful option if you have a fixed rupee commitment in India like a loan EMI, property purchase, etc.
As the name suggests, this exchange rate is indicative. It means that it is the current exchange rate.For your transaction though, the exchange rate applied will be the exchange rate on the day your money is converted to Indian rupees. That rate may be a little different from the current or indicative exchange rate because the market keeps fluctuating. Depending on the market, you could get a slightly higher or marginally lower rate from the one you saw when you booked a transaction
You can view the exchange rate for the day by using the Online Exchange Rate Calculator.
We keep updating the exchange rate during the day so that you always know the latest rate as per the market. Market rates fluctuate as per the Indian markets and time. For you, it may reflect at different points of time on our website based on the location from which you access it. Remit2India does not control or determine the market rate. This means that your actual rate applied could end up being more than the one you saw when you booked a transaction, if the market rate is favorable when your transaction is processed
Remit2India's money transfer service secure online way of sending money to India from different countries across the world. You just need to follow 3 steps to send money to India with us. Register on the Remit2India Money Transfer site by entering basic details Select your sending option Provide details of the receiver in India and send.
Only Non-Resident Indians, Persons of Indian Origin (collectively, "non-residents") shall access, use and avail the Website and the facilities only to the extent the domestic laws of India and such other countries permit them to access, use and avail of the Website and the Facilities.
Currently, you can transfer money to India in 5 currencies such as U.S Dollar, Canadian Dollar, Pound Sterling, Australian Dollar, and Ireland Euro.
With Remit2India, you can currently transfer money from 5 countries to India. These countries are: United States United Kingdom Australia Canada Ireland
We are a part of UAE exchange. We believe in providing value, convenience and more importantly, transparency and security to users. More importantly, unlike banks, our only focus is on online money transfers to India. So we are able to provide cutting-edge solutions with focused support.
Definitely, yes. We use the best technology available for your transactions. All our servers and firewalls have gone through extensive security tests and they are constantly monitored for suspicious activities. Plus, in none of our payment modes does any debit appear in your bank account unless you have personally authorized it.
You can send money for family maintenance, Credit to NRE/ NRO account and saving purposes only.
Yes, you can send money to any NRE account in India. If you have an NRE account with any of Remit2India Money Transfer's partner banks, money is directly credited into that account.
No. You can continue to use your existing bank accounts
No. Since you have paid your taxes overseas on income that you have earned, your recipient does not need to pay taxes on the money that they receive
There are many reasons why Remit2India is better than conventional methods: Online remittances with Remit2India mean less legwork for you We offer you multiple sending options Our transaction fees are extremely affordable; and the exchange rates are among the very best; you can select a booking exchange rate or even opt for a Guaranteed Exchange Rate Our entire process is cashless and online With us you can also deposit directly into receiver accounts across 89 banks and around 87,000 of their branches across India Our excellent customer support is available for you 24x7 We ensure that you can track your money online all the way to India We provide security and safety for your money transfers. Our systems are protected by the latest technology and are constantly monitored for suspicious activities We give you the facility to set payment alerts for your regular transfers such as EMIs for home, education loans and insurance premiums