Transfer money abroad via DCB Remit. Get real time updates when you send money from India to USA, and transact from anywhere. Quick and safe remittance, powered by the security of DCB Bank.
It's really easy to transfer money to USA. With DCB Remit, you can do this in just 4 easy steps!
DCB Remit is an easier way to remit money overseas. All residents of India holding an Indian bank account can avail this service, irrespective of whether they bank with DCB Bank. There are many attractive features you can make use of when you transfer money from India to US:
DCB Bank offers competitive exchange rate on DCB Remit. Simply register on the DCB Remit online portal and take advantage of the best remittance exchange rates.
The following are the permissible purposes to transfer money abroad through DCB Remit:
Maintenance of close relative abroad
Medical treatment abroad
Now sending money abroad is a breeze with DCB Remit. Send money to your loved ones globally from the comfort of your home. In just a few clicks, DCB Remit helps you remit funds to your beneficiaries abroad.
The transfer limit - both per transaction as well as annually - is USD 25,000, or its equivalent in the corresponding currency. This is valid as long as the aggregate amount of your outward remittances (retail) through an authorized dealer in a given financial year (a 12-month period from 1st April to 31st March of the following year) is within USD 250,000 total.
When you send money through DCB Remit, the money reaches the beneficiary's overseas account within 24 hours. Subject to compliance clearance and money being received by the bank within the stipulated cut offs
There is no limit on the number of transactions you can carry out in a financial year on DCB Remit. You only need to follow the transfer limit of up to USD 25,000 or its corresponding currency equivalent.
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
Through DCB Remit, you can send up to USD 25,000 or its corresponding currency equivalent in any given financial year.
No documentation is required in order to carry out a remittance transaction. You only need to enter your PAN at the time of registration on the DCB Remit website portal.
To add a beneficiary on the DCB Remit website, just follow these simple steps:
Yes, absolutely! DCB Remit exercises due care and precaution, and has the advantage of bank-level security, as it is powered by DCB Bank. It is just as simple as sending money from a bank branch. In fact, it is actually more efficient and convenient, as there is no need to step out - you can send money in just a few clicks from the comfort of your couch.
DCB Remit validates transaction details and sends real time updates via email. Please follow all regular precautions for operating your accounts, including never sharing your private passwords or OTPs with anyone.