A Wire Transfer through Remit2India allows you to transfer money to India from any of your existing bank accounts overseas in just 2 working days.
There is no need to pay the high fees of an international wire as this is a local wire transfer for you. Wire transfer can be done from any bank. Money usually reaches within 2 days of transfer.
Currently wire transfer can be done in U.S. Dollar only.
Once you have completed your transaction, your screen displays the Remittance Confirmation Page. Print this page and submit it to your local bank with your signature.
The rate applied for wire transfer is the Guaranteed rate. The exchange rate is fixed at the time of booking your transaction and the exact amount that will be credited to the beneficiary will be displayed on our website. This rate is valid only for 2 working days.
Any wire transaction booked using guaranteed rate will be valid for 2 working days. Post booking the transaction, you need to submit a transfer request to your local bank and instruct them to initiate a same day transfer before 1 PM EST. In case this is not possible, the fund transfer will take one additional day. You may also be asked to provide few verification documents such as bank statements for last three months, recent W-2 or your identification document to support your transaction. Please keep these documents handy and share when requested.
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.
Instant Transfers offers you to transfer money almost instantly to the receiver’s bank account in India. Almost instantly does not mean days, but hours. Processing of your Instant Transfers starts after the expiry of 30 minutes from booking of the transaction and money shall be credited to your receiver’s account after the expiry of 30 minutes or in few hours (subject to Indian banking hours). So by the time you take a small nap money is credited to your receiver’s bank account in India.Click here for criteria’s
The turnaround time for your receiver to receive the money is based on the final remittance amount and subject to no additional verification required by our compliance team. Under Instant Transfers, the processing of your transaction shall be initiated after the expiry of 30 minutes from booking of the transaction. If the final remittance amount is less than or equal to INR 200,000, the funds shall be credited after the expiry of 30 minutes from booking of the transaction subject to recipient bank being operational for foreign inward remittances for IMPS or else the funds shall be made available to the recipient account - same day from Monday to Friday 10:00 AM to 4:00 PM (IST) excluding bank holidays. In case of bank holidays, the funds shall be made available on the next working day (Monday to Friday). If the final remittance amount is greater than INR 200,000, the funds shall be credited to the recipient bank account - same day from Monday to Friday 10:00 AM to 4:00 PM (IST) excluding bank holidays. In case of bank holidays, the funds shall be made available on the next working day (Monday to Friday).
Once the money is credited to your receiver’s bank account the money can be withdrawn.
There is no cut-off time for transaction booked as Instant Transfers, subject to no additional verification required by our compliance team, the transaction shall be processed after the expiry of 30 minutes from booking of the transaction. The TAT for processing the transaction shall vary depending on the final value that the receiver is about to receive. If the final remittance amount is less than or equal to INR 200,000, the funds shall be credited after the expiry of 30 minutes from booking of the transaction subject to recipient bank being operational for foreign inward remittances for IMPS or else the funds shall be made available to the recipient account - same day from Monday to Friday 10:00 AM to 4:00 PM (IST) excluding bank holidays. In case of bank holidays, the funds shall be made available on the next working day (Monday to Friday). If the final remittance amount is greater than INR 200,000, the funds shall be credited to the recipient bank account - same day from Monday to Friday 10:00 AM to 4:00 PM (IST) excluding bank holidays. In case of bank holidays, the funds shall be made available on the next working day (Monday to Friday).
If you are qualified for Instant Transfers then the same shall be offered to you as default. You can currently send maximum of USD 3500 per transaction under Instant Transfers offering.
Any cancellation request will not be entertained after the expiry of 30 minutes from booking of Instant Transfers transaction. Transaction cancellation request can only be done by logging in to your Remit2India account and initiating the cancellation by clicking the cancel link in the transaction details page of the respective 10 digit remittance reference number in the "Track Transaction" section. On receiving the cancellation request from you, if we have not disbursed it to the recipient, only then the funds shall be refunded back to your source bank account.
All seven days of the week shall be applicable for transaction booked as Instant Transfers. Subject to no additional verification required by our compliance team, the transaction shall be processed after the expiry of 30 minutes from booking of the transaction. The TAT for processing the transaction shall vary depending on the final value that the receiver is about to receive. If the remittance amount is less than or equal to INR 200,000, the funds shall be credited after the expiry of 30 minutes from the booking of the transaction subject to recipient bank being operational for foreign inward remittances for IMPS or else the funds shall be made available to the recipient account - same day from Monday to Friday 10:00 AM to 4:00 PM (IST) excluding bank holidays. In case of bank holidays, the funds shall be made available on the next working day (Monday to Friday). If the remittance amount is greater than INR 200,000, the funds shall be credited to the recipient bank account - same day from Monday to Friday 10:00 AM to 4:00 PM (IST) excluding bank holidays. In case of bank holidays, the funds shall be made available on the next working day (Monday to Friday).
The rate at which you book the remittance transfer is guaranteed and the same shall be applied on the Instant Transfers transaction.
Applicable fees and charges if any will always be displayed to you while you book your transaction.
Our compliance team may ask for additional documentation on need basis only. Once you submit such additional documents and verification is done by our compliance team, your transaction shall be processed.
Yes, it is mandatory for you to complete the verification of your bank account for Instant Transfers. You need to login to your internet banking account through our gateway for instant verification. The process is safe and secure and will just take minutes to complete.
In case you do not complete the instant account verification process than your remittance transfer shall be processed in 4 working days subject to receipt of clear funds and compliance clearance
In case your instant account verification is not successful than your remittance transfer shall be processed in 4 working days subject to receipt of clear funds and compliance clearance.
Ensure that the bank account details your have registered on Remit2India website is exactly as per your internet banking details for the ACH account. Always ensure you have sufficient funds and good history of your bank account. You need to successfully login by entering correct login credentials. Do not share your internet banking login credentials with anybody if you are not the registered person on our website. It is important you cross-check and confirm the following details: You are the primary account holder of the account First name and last name of the account holder Account number and its length. In case of any prefix values like zero ensure you add the same. Account type Routing number is serviceable for ACH Transfer. In case of multi factor authentication enabled against your bank account ensure you provide the correct details as per your bank’s process. If you feel that all your credentials are correct and the verification result is a fail. You may write to us at email@example.com. In case we require your bank statement, we shall request the same and you can upload the copy in a secured manner by logging in to your registered Remit2India account.
Is there any chance of my transaction getting delayed even after successful verification of bank account while booking Instant Transfers?
Under Instant Transfers, transferring funds faster to your receiver’s bank account is our primary objective. However, this shall be subject to transaction successfully meeting the compliance policies and procedures of our remittance facility. The processing of your transaction may get delayed if it does not meet our compliance procedure. As a healthy practice we expect that all the information provided by you during the process of registration, KYC, ACH bank account addition, receiver addition, transaction and instant account verification are correct and that there has been no history of negative event against any details provided. We expect that you maintain sufficient balance in your bank account before booking the transaction.
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. It should also match the name that appears 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 contains your identity. Sharing correct profile information is mandatory as a part of the 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 or 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.
Modification of registered e-mail Id of your Remit2India account is a sensitive issue as all future transactions and Remit2India account related information will be sent to your new e-mail Id. Therefore, to update your registered e-mail Id with Remit2India, you need to provide two mandatory documents - First: Internet Bank statement OR screenshot of the page of your Internet bank account mentioning your new e-mail Id and screenshot 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 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.
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.
Transfer time depends on the payment method you will be using. If you are using ACH, transfer time is 6 working days where as wire transfers may take up to 2 working days. In every case, we try to get your money where it needs to go as quickly as possible.
We'll send transaction status updates by email. You can also check your transaction status on track transaction page any time.(Track your Transaction)
List of holidays of sending and receiving country, transfer method, pending KYC document or additional verification.
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. Ensure 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. Transfers from USD offer a direct debit option.
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.
|USD 50 - USD 500||USD 501 - USD 999||USD 1,000- USD 10,000||USD 10,001 -USD 25,000||USD 25,001 - USD 50,000||USD 50,001 & Above|
|USD 2.99||USD 2.99||Free||Free||Free||Free|
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
The final exchange rate applied to your transaction can be viewed on the day of processing your transaction. You will need to download the final transaction confirmation receipt mentioned under transaction tracker on your dashboard.
In the ongoing scenario where market conditions are quite volatile and currency fluctuations are given, indicative rate may work to your advantage.
Due to the volatility, exchange rates may increase in the coming days. If you select indicative rate while booking your transfer, you may get the benefit of this fluctuation. You will book your transaction at a particular rate, but when your transaction is actually processed, the rate may be higher and the same would be applied to your 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 is a 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 website or app by entering basic details, select your sending option, provide details of the receiver in India and tap 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 3 currencies such as U.S Dollar, Pound Sterling and Australian Dollar..
With Remit2India, you can currently transfer money from 3 countries to India. These countries are: United States, United Kingdom and Australia.
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