Transfer money overseas from India to UK on DCB Remit. Get real time updates, and transact from the comfort of your home. Quick and safe remittance, backed with the security of DCB Bank.
You can now transfer money overseas to UK in just four easy steps with DCB Remit. All you need to do is:
DCB Remit is a platform open to all Indian residents who need easy and secure remittance services to send money abroad. Here, you can get the best, competitive exchange rates with zero hidden fees. Backed by DCB Bank and its superior security, your transaction can be done seamlessly at superior exchange rates.
DCB Remit is an online outward remittance service. It is an easy-to-use platform offered by DCB Bank to all Indian residents. It is a convenient and secure way to send money from India to UK. Some features and benefits of the DCB Remit platform are:
Available for any resident Indian, holding an account with any bank in India
Transfer funds from any bank in India
No need to visit the branch - transact from the comfort of your homes
Registration process is fully online in order to transfer money abroad
Attractive and competitive exchange rates
Transact on the go â easily place a money transfer request from your smartphone
Available in multiple currencies and for multiple countries
Track the transaction process online - all the way to when funds have reached your beneficiary's bank account abroad
Sending money overseas can be done easily with a service like DCB Remit. Experience hassle-free transactions and effortless money transfer services. With a process that is fully online, you can transact without having to visit a bank branch. Do it on the go from your smartphone, or from the comfort of your home.
The per transaction limit and the annual limit for outward remittance is USD 25,000 or its equivalent in any other currency - as long as the aggregate amount of all your retail outward remittances through any authorized dealer in a Financial Year (12 months' period ranging from 1st April to 31st March of the following year) is within USD 250,000.
When you send money through the DCB Remit platform, the money reaches the beneficiary overseas account within 24 hours.
Subject to compliance clearance and the money being received by the bank within the stipulated cut offs
As stipulated by the Government of India, any conversion from one currency to another - sale, encashment & remittance will be charged GST on the gross amount of currency exchanged as per the following slabs:
1% of the gross amount of currency exchanged for amount up to INR 100,000 subject to the minimum amount of INR 250 i.e. minimum GST payable is INR 45
INR 1000 plus 0.5% of the gross amount of currency exchanged for an amount of rupees exceeding INR 100,000 and upto INR 10,00,000 and
INR 5,500 plus 0.1% of the gross amount of currency exchanged for amount of rupees exceeding INR 10, 00,000, subject to maximum amount of INR 60,000 which caps GST Payable at Rs. 10,800
No documents are required for the transfer process. However, you will need to enter your PAN details - only at the time of registration - on the DCB Remit online platform.
Rest assured that you can transfer money to Europe worry-free on DCB Remit. Backed with the security of DCB Bank, the platform provides the same ease you would get sending money directly from a bank branch. In fact, the process is even quicker and more convenient since you needn't visit a bank at all - send money overseas from the comfort of your home and get real time updates straight to your inbox. Please follow all regular precautions for operating your accounts, including never sharing your banking passwords or OTPs with anyone.