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National Toll Free No1800 425 00 000

Xpress Money – Inward Remittance – Money Transfer Service Scheme

Xpress Money – Inward Remittance – Money Transfer Service Scheme

Amount of remittance permitted
  • Single remittance limited to USD 2500 or its equivalent.
  • Payments made in Indian Rupees only.
  • Payment upto and inclusive of Rs. 50000/- can be made to residents in cash on proper identification.
  • Payments exceeding Rs. 50000/- can be made in cash on proper identification only to foreign tourists visiting India.
Restrictions on remittances
  • Only 12 remittances are permitted to a single recipient through “Xpress Money” in a year.
  • Only one transaction is allowed to be made by the same sender favouring the same beneficiary through the same Send Agent on the same day.
  • Outward remittances from India are not permitted.
Other important details
  • Only personal remittances are permitted.
  • Remittances favoring foreign tourists visiting India are permitted.
  • No trade related payments are permitted.
  • No remittances towards purchase of (immovable) properties, investments are permitted.
  • No credit to NRE / FCNR accounts.
  • Remittances in the nature of donations / contributions to charitable organizations are not permitted under the arrangement.
Salient Features
  • “Xpress Money” service is offered in arrangement with M/s. UAE Exchange Financial Services Ltd for remitting money to India.
  • The scheme is operative from 15.02.2006.
  • The remittance facility is available to receive the money through all our branches.
Facilities
  • Under the arrangement, money transfers to India can be made at any overseas agent location of UAE Exchange across the world.
  • Money can be remitted from 180 countries across the globe.
  • Around 35000 outlets are available outside India for remittance.