When you're transferring money to your loved ones abroad, you also transfer joy.

With digibank Remit, you can now transfer money to Europe and across 40 other countries, including SingaporeHong Kong, the UK, the USAAustralia, and Canada at zero fees. What's more? It's quick & paperless with same day transfers.

 

Benefits

Key benefits of online overseas transfer:

Same Day Delivery

Your money will be delivered on the same day if transfer initiated before cut-off time

Zero Fees*

We will not charge you any fees. No fees imposed on your recipient either

Preferential Exchange Rates

 

Guaranteed delivery of full credit to your recipient in following corridors

  • Sending USD to USA
  • Sending GBP to the United Kingdom
  • Sending AUD to Australia
  • Sending EUR to the Eurozone
  • Sending SGD to Singapore
  • Sending CAD to Canada
 
 

Cut-Off Time

For the countries listed below, initiate transfer successfully before the cut-off time and your money will reach your recipient within the same day. If your transfer was funded after the cut-off time, your money will reach the recipient on the next working day (from the time your transfer was initiated).

CountryIN (IST) Time for same day transfer
USA (in USD)11:30 AM
Australia (in AUD)9:00 AM
UK (in GBP)11:30 AM
Eurozone (in EUR)11:30 AM
Hong Kong (in HKD)11:30 AM
Singapore (in SGD)11:30 AM
Canada (CAD)11:30 AM

For all other countries or if your transfer to the above countries is in a non-local currency, your transfer will reach the recipient within 1-3 working days from the time your transfer was initiated successfully before cut-off time.

 

*Fees and Charges

For the following currency and country combinations, there are no fees charged by digibank:

Currency and CountryBank FeeAgent FeesGST
  • USD to USA
  • GBP to United Kingdom
  • AUD to Australia
  • EUR to Eurozone
  • HKD to Hong Kong
  • SGD to Singapore
  • CAD to Canada
FreeNot applicableAs applicable from time to time, will also be applied to your transaction
Any other currency / country combinationINR 500Agent fees, if applicable, will be charged

GST Charges

Amount of Currency Exchanged (ACE)GST ratesMinimum GSTMaximum GST
Upto Rs. 1 lakh0.18% of ACERs. 45Rs. 180
Between Rs. 1 lakh and up to Rs. 10 lakhINR 180 + 0.09% of ACERs. 180Rs. 990
Above Rs. 10 lakhINR 990 + 0.018% of ACERs. 990Rs. 10,800

Our product benefits have got your attention, right? Now click here to view the Demo Video to get you started.

*The Bank reserves the right to add, alter, vary and modify any or all of the above Fees & Charges at any time at its discretion without any notice.

 

How to Use digibank Remit Services

To send money abroad follow these steps:

For digibank users

  • Using the digibank ibanking website
  • Log in and click on "Overseas Transfer" tab under "Pay & Transfer"

Login Now

New to digibank?

  • Download the App and sign up for a full savings account.
  • Then login to your digibank Internet Banking website

Android     Apple

 

Frequently Asked Questions

Login to digibank ibanking and click on 'Overseas Transfer' tab under 'Pay & transfer'. You need to add new overseas payee by providing bank account details or 'Start a transfer' if your payees are already added. You will receive confirmation on successful processing of the payment request on your registered mobile no. and email Id.


After logging in to digibank, you will have to add new overseas payee before initiating an overseas payment. Please keep required details handy like payee full name, account no., bank details etc. to add overseas payee.

Please ensure that you have downloaded and logged into digibank app at least once before adding a new overseas payee.

Once the payee is set up, your newly added payee will be saved so that you don’t need to enter them all over again in your next transfer.


Currently, remittances overseas are not permitted on mobile application in accordance with extant law/regulation in India. You will be able to initiate an overseas transfer from digibank ibanking page which can be opened on your mobile.


There are no documents required for transferring funds overseas as required payment details and declaration are collected digitally while submission of the overseas transfer request on digibank ibanking. Please go through the terms and conditions and FEMA declaration that are provided on our website. You will have to agree and confirm applicable T&C and declaration before transaction submission and by virtue of you accepting these, it would be deemed that you agree to these.


Money can be sent overseas for following purposes:

  • Maintenance of Family / Close Relatives Abroad
  • Education Abroad
  • Medical Treatment Abroad
  • Emigration
  • Other Travel (Including holiday trips & settlement of international credit card transactions)
  • Business Travel
  • Travel for Education (including fees, hostel expenses etc.)
  • Travel for Medical Treatment
  • Travel for Pilgrimage
  • Gifts / Donation

  • Account not having sufficient funds
  • Amount of transaction exceeding USD 25000 or equivalent
  • In case the annual LRS limit of USD 250,000 has been utilized
  • If beneficiary country is not part of “Permitted Country List”
  • If the beneficiary is not part of the “Permitted Beneficiary List”
  • Remittance being sent to your own account overseas
  • If incorrect or partial details of beneficiary / beneficiary’s bank has been provided
  • In case of unauthorised / non-permissible transactions not allowed as per RBI Regulations

There is minimum limit of USD 10 per transaction. The maximum transaction limit for overseas transfer is USD 25,000 per transaction which is also the maximum daily transaction limit. The annual transaction limit is USD 250,000 or equivalent.

The maximum limit of USD 250,000 or equivalent per year for transferring money abroad under Liberalized Remittance Scheme (LRS) is applicable for a customer for all transactions routed through all permissible channels / Authorised Dealers Banks (subject to any purpose specific limit specified by Reserve Bank of India).

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