Forex Outward Remittance. For convenience, specialist services such as Wise, and some banks, allow you to send your outward remittance online. Outward remittance in India can be described as a transfer of money in foreign exchange by a resident in India to a beneficiary situated outside the country (except Nepal and Bhutan) for a purpose as approved under FEMA (Foreign Exchange Management Act).
However, some traditional banks will require customers to go into a branch in person to complete the paperwork associated with an outward remittance wire. No cash, cheque, or card payment is permitted. Savings Accounts Online Trading & Demat Account Salary Account PayLater by ICICI Bank Pension Accounts Defence Salary.
Best exchange rates: Get the lowest rates on your outward remittance from India.
Time for Process Completion : In how much time bank will complete the remittance processes.
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International Fund Transfer – Send money abroad in a secure and convenient way. For convenience, specialist services such as Wise, and some banks, allow you to send your outward remittance online. RemitNow is a secure online Foreign Outward Remittance platform provided by HDFC Bank, which enables you to transfer money globally from the comfort of your home and office.