Home >> NRI Banking >> REMITTANCE FACILITIES/ARRANGEMENTS FOR MONEY TRANSFER >> Through agencies with which our bank has arrangements >> Speed remittance through Exchange Houses
Wall Street Exchange Centre LLC/UAE Exchange Centre LLC
Direct credit to beneficiary's account with Central Bank only
Maximum amount that can be credited
Rs.25 lakhs per day per customer
Is amount paid in cash
No cash payment
Restrictions on number of transactions
No restrictions for personal remittances.
Does the bank charge any commission to receiver?
Time taken for crediting beneficiary's account
Credited normally in one day
What are the documents the receiver to produce
Since the amount is directly credited to the beneficiary's account, no documentary proof required. Beneficiary need not visit our Branch.
Whether this remittance facility can be used for trade payments
Subject to RBI directives.
Maximum Rs.2 lakhs per day per customer