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DCB Remit, powered by DCB Bank, is an online platform which allows you to send money abroad to a foreign bank account, completely online.
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DCB Remit is an easy and convenient way to remit money from India. This is a service offered by DCB Bank to resident Indians who want to transfer money online from India.
The remittance facility is available for over 20 countries including USA, Australia, United Kingdom, UAE, Singapore, Canada, Germany, Austria, France, Italy, Malta, Netherlands, Belgium, Cyprus, Finland, Estonia, Ireland, Greece, Portugal, Slovakia, Slovenia, and Spain. On DCB Remit, you can transfer funds from India (INR) to 7 currencies (USD, CAD, SGD, AUD, GBP, EURO and AED).
Remit funds in just a few clicks online without a visit to any bank branch or money changer, no physical submission of documents is required. It's completely digital to quickly carry out online remittance from India.
You can use this money transfer remit service without maintaining an account with DCB Bank. There are different payment options you can use to transfer funds from your resident Indian bank account to DCB Remit, such as NEFT, RTGS, IMPS or UPI. Send money from anywhere in India without having to visit any bank branch or submit any documents. Users can also track the transaction status of their online remittance from India, online on DCB Remit.
DCB Remit offers superior exchange rates, it is cost effective money transfer remit service. Moreover, there is also the transparency of zero transfer fees, with no commission or hidden charges.
DCB Remit users can remit money from India up to USD 25,000 equivalent per annum and DCB Bank account holders can send up to USD 100,000 equivalent, towards family maintenance and for payment of tuition/college and university fees abroad.
Other than a higher remittance limit for DCB Bank account holders, all other facilities and benefits are available to all DCB Remit users, whether or not they have a resident Indian bank account with DCB Bank. Because, DCB Remit is a bank neutral platform, therefore a customer holding any bank's savings account can remit money abroad via DCB Bank's money transfer remit service, DCB Remit.
Permissible purposes for remittances via DCB Remit are: Overseas Education, Family Maintenance, Gifting, Private Visit, Business Travel, Medical Expenses or Emigration.
Users can send money abroad in 3 simple steps on DCB Remit:
*Subject to fulfilment of compliance due diligence and complete online submission of all details and information as required by DCB Remit.
Dear customer,
As per the amended section 206C(1G) of the Income Tax Act 1961, Tax Collected at Source (TCS) rate will be revised with effect from 1st October 2023. Also, non-linking of Aadhaar with Permanent Account Number (PAN) will attract higher TCS with effect from 1st July 2023. Therefore, please link your PAN with your Aadhaar by 30th June 2023. To check the status of the linkage of your PAN with Aadhaar, visit https://eportal.incometax.gov.in/iec/foservices/#/pre-login/link-aadhaar-status
For details on the procedure to link PAN with Aadhaar, visit https://eportal.incometax.gov.in/iec/foservices/#/pre-login/bl-link-aadhaar.
To understand the applicable TCS rates with effect from 1st October 2023. Please click here TCS CALCULATION