The validity of a transaction is 24 hours from the time transaction is booked on DCB Remit. Transaction will be cancelled if the funds are not received within the defined time period. Transactions for which the funds are received within the validity period will be processed on the rate applicable at the time of conversion.
The indicative rate is a tentative rate which is displayed in the exchange rate table and on the transaction booking page which helps you in arriving at an approximate rupee value of your transfer. However, the transaction will be processed on the exchange rate applicable at the time of conversion of funds.