Outward Remittances can be made by an account holder subject to prevailing regulatory and operational procedures. The outward remittances could be done for the below purposes.
- Payments related to Education
- Service related payments
- Repatriation of Migration allowances
- Imports
- Repatriation of investments and earnings
- Any other, as permitted by the regulator.
Currency
Remittances could be effected in any designated foreign currency and in currencies specified by the bank.
How to get started ?
A Remittance application form should be completed and submitted to the bank for processing.
Transmission Notification
Once the transmission is done, the applicant would be notified via email with all the details of the remittance.
