Transferring money anywhere across the globe is now easier than ever with the Remittance facility by Ujjivan SFB. Ujjivan SFB provides a safe and secure Outward Remittance facility for all Resident and Non Resident Indians who can transfer funds to any country and the currency of their choice.
Contact your nearest Ujjivan SFB branch for more details.
All Resident & Non Resident Indians holding individual accounts are eligible to avail our Outward Remittance facilities.
We also provide Inward Remittance solutions for those seeking to receive funds from outside the country.
Simply walk into your nearest Ujjivan SFB branch or contact your Relationship Team for further information and relevant forms to begin.
Sending and receiving money from abroad is now as simple as performing Money Transfers. However, Foreign Exchange Services is a highly regulated business and customers should strictly adhere to the regulations published and updated by the RBI from time-to-time.
As part of the Non Resident product enhancement, FCY Transactions are introduced. Charges for the same are mentioned below:
|FCY Outward Transactions ( SWIFT/TT/Wire Transfer )||( Rs 500 for remittance below 1 lacs INR , 1500 Rs for all other value ) + 500 INR|
|Foreign Currency Demand Draft Issuance||Rs 2000 + 500 - All values|
|Foreign Currency Inward Remittance||Rs 250 per Transaction|
|Foreign Currency Cheque/DD Collection||0.30% of the INR Min 350 INR + 50 INR|
|Foreign Currency Cheque/DD Returns||INR 350 + Correspondent bank charges ( 10 Dollar for USD & 25 GBP for Pound )|
*Exclusive of GST
Eligibility USD 250,000 or equivalent per Resident Individual per financial year Purposes LRS Transactions under Schedule III
Purposes LRS Transactions under Schedule III
Exceptions: For the purposes Emigration, Expenses in connection with medical treatment abroad and Studies abroad, the individual may avail of exchange facility for an amount in excess of the limit prescribed under the Liberalized Remittance Scheme if it is so required by a medical institute offering treatment or the university or country of emigration, respectively.