Home >> NRI Banking >> REMITTANCE FACILITIES/ARRANGEMENTS FOR MONEY TRANSFER >> Through agencies with which our bank has arrangements >> Remittance under EXPRESS MONEY SCHEME’
If the account holder is in Gulf
Organisation through whom
M/s UAE Exchange Centre LLC, Abu Dhabi
Their Agent in India
M/s UAE Exchange and Financial Services Ltd, (M/s UEFSL), Kochi.
Maximum amount that can be paid
Ceiling fixed by the company is Rs.50,000/-(Rs. Fifty Thousand Only)
Is amount paid in cash
Yes, amount up to Rs.50,000/- paid in Cash.
Restrictions on number of transactions
Thirty in one Calendar Year per receiver for personal, family maintenance purposes.
Do bank charge any commission to receiver?
No. Bank will not charge anything to the receiver of the remittance
Is reference number must
16 digit numerical reference numbers to be given by the receiver is not mandatory.
If this remittance can be credited to NRE / NRO account of the NRI?
No. This cash remittance is not eligible to be credited to any of the account of the NRI.
What are the documents to be produced by the beneficiary to the bank at the time payment
Beneficiary (receiver of the remittance) must produce any one of the following photo identity to the satisfaction of the bank:
Passport, PAN Card, Voter ID, Driving Licence or Employee ID.