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Forex

International Fund Transfer

Remit money abroad in a quick and secure manner

Efficient Transfers

Enjoy secure, speedy, hassle-free remittances

Remit 100+ Currencies

Make outward remittances in over 100 currencies across 150 countries

Competitive Rates

Avail competitive exchange rates on transfers

Additional Benefits

500 eDGE loyalty points and Zero Documentation

Features and Benefits

Liberalised Remittance Scheme

The following purposes of remittance have been subsumed under the Liberalised Remittance Scheme for a limit of USD 250,000 per Financial Year.

  • Private visits to any country except Nepal and Bhutan
  • Gifts or Donations
  • Employment abroad
  • Emigration
  • Family Maintenance
  • Travel for business, conference, etc.
  • Medical Expenses
  • Studies abroad
  • Any other current account transaction
  • This scheme is applicable for all Resident Individuals including minors
  • It is mandatory for all Resident Individuals to register their PAN with the bank for successful Outward Remittance transactions
  • Remittances under the scheme can be consolidated in respect of family members subject to individual family members complying with its terms and conditions
  • Remittances under the scheme are allowed only in respect of permissible current or capital account or a combination of both
  • Resident Individuals are free to acquire and hold shares or debt instruments or any other asset including immovable property outside India without prior approval from RBI
  • This limit is also applicable for Current Account transactions available to Resident Individuals
  • Remittances under the scheme can be used for purchasing objects of art subject to the provisions of other applicable laws
  • The scheme can also be used for Remittance as Funds for acquisition of ESOPS
  • A resident individual can also invest in Mutual Funds, Capital Funds, unrated debt securities, promissory notes etc. under this scheme. He can also invest in securities out of the bank account opened abroad under the same
  • This scheme also includes repayment of loans that has been availed abroad while as a non-resident upon return to India under this scheme
  • The scheme can be used for Outward Remittance in the form of a Demand Draft in the resident individual’s own name or in the name of the beneficiary with whom he intends putting through the permissible transactions at the time of private visit abroad, against self-declaration of the remitter in the prescribed format
  • With effect from August 2013, this scheme can be used by Resident individuals to set up Joint Ventures or wholly owned subsidiaries outside India for bonafides business activities subject to applicable laws
  • Individuals can open, maintain and hold foreign currency accounts with a bank outside India for making remittances under the scheme without prior approval from RBI
  • This scheme is not available for capital account remittances to countries identified by Financial Action Task force
  • Investor who has remitted funds under LRS can retain and reinvest the income earned on the investments
  • Resident Individual can also lend to a Non-Resident/Person of Indian Origin/Close Relatives upon filling certain conditions

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