Remittance
noun /rl'mlt(ə)ns/
Instant money transfers anywhere
in the world with digibank
Remittance
noun /rl'mlt(ə)ns/
A Lot More Love, A Lot Less Trouble
No distance is too far to keep you from your loved ones. Keep love and life undelayed with digibank's effortless international fund transfers.
Effortlessly Easy
Sending love to those that matter is now easier than ever, with a little help from digibank Remit.
Paperless
Same Day Transfers*
Zero Fees
More Room for Love
More love, more savings. Bridge the distance between you and your loved ones, with no extra or hidden costs and rates that’ll make you smile.
100% Credit to Recipient
Competitive
Rates
Whatever be the reason, you can count on digibank Remit!
Whatever your purpose for international fund transfers is, digibank Remit is made for you.
Overseas Education
& SustenanceJumpstart your child’s dream and ensure they’re settling in just fine with the perfect bank remittance
International
GiftingMake a special moment even more magical, by sending your love instantly, from miles away!
Care for Family AbroadAway, but never apart. Give your family the best of everything with quick, effortless outward remittance.
TravelMake the world your oyster, travel worry-free across more than 40 countries while digibank Remit takes care of your foreign remittance.
What Makes digibank the Perfect Remittance Partner?
Entirely DigitalLove is simple, so is remittance. Choose a partner that doesn't swamp you with paperwork, a laundry list of tasks or running around.
Instant TransactionWhy should love be delayed? Make instant international transfers without any wait period.
Complete Fund CreditDon't settle for hidden costs, cutting corners and extra charges.
Higher Transfer LimitsThere's no limit on love. Opt for remittance partners that offer high transaction limits.
Wider Global NetworkYou should be able to send your love, no matter how far away they are from you.
Stay a Step Ahead of the Curve
Source: Publicly available information available on websites as of 04.05.2020
Money Saved, Love Grown
Here's how much money you get to save per semester with digibank Remit!
Simple, Safe, Delightful
- just how life should be!
Singapore's
Finest Bank
Asia's
Safest Bank
World's
Best Bank
Worried about the safety of your overseas money transfer? Your money and love are secure with us. digiPromise!
That's What They Said
Wherever You Are, We’re There For You.
Transfers so quick, so easy, so effortless, you’ll wish we could transport you to your loved ones too!
Cut-Off Time
Cut-Off Time
Gone are days of stressfully marking days off the calendar until your money reaches another country. Simplify life for your loved ones abroad, no matter how far you are, with same day transfers, made possible by digibank. All you have to do is make a transfer before the cut-off time. In case a transfer is made after the cut-off time, the credit will happen on the next day.
Here are the cut-off times for the following countries:
Country IN (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
Fees and Charges
Fees and Charges
Remember we said we don’t charge fees for international transfers.
We meant that.
Currency and Country Bank Fee Agent Fees GST USD to USA Free Not Applicable As applicable from time to time, will also be applied to your transaction GBP to United Kingdom Free Not Applicable AUD to Australia Free Not Applicable EUR to Eurozone Free Not Applicable HKD to Hong Kong Free Not Applicable SGD to Singapore Free Not Applicable CAD to Canada Free Not Applicable Any other currency / country combination INR 500 Agent fees, if applicable, will be charged
GST Charges
GST Charges
Amount of Currency Exchanged (ACE) GST rates Minimum GST Maximum GST Upto Rs. 1 lakh 0.18% of ACE Rs. 45 Rs. 180 Between Rs. 1 lakh and up to Rs. 10 lakh INR 180 +
0.09% of ACE Rs. 180 Rs. 990 Above Rs. 10 lakh INR 990 +
0.018% of ACE Rs. 990 Rs. 10800
How To Remit,
Unbank Style!
Log in to the digibank iBanking website
Click on Overseas Transfer
Click on Pay & Transfer
Not digibank user, but want in on the good stuff?
Think That’s All?
There’s More Where That Came From!
Whether it’s smarter savings, better investments, easy personal loans, international fund transfers - your digibank is designed to help you live better. It’s so easy, it feels like magic!
Personal Loan
Fast-track your life with instant paperless digibank personal loans of up to Rs. 15 Lakhs.
Fixed Deposit
Stay ready for every contingency and rainy days with fixed deposits at a higher interest rate.
Recurring Deposit
Make goal-oriented savings effortlessly at a higher interest rate!
Insurance
Through thick and thin, we’ve got you covered with health insurance plans for the family, automobile insurance and travel insurance.
Investment
You don’t need to be a finance guru to make smart investment choices. You’ve got digibank to help you become your own expert.
Frequently Asked Questions
How do I send money overseas online?
Login to digibank ibanking and click on the 'Overseas Transfer' tab within 'Pay & transfer'. For adding new oversees payee, simply provide bank account details or 'Start a transfer' in case of already added payees. Once the payment request is successfully completed, a confirmation email/message will be sent to your registered mobile no. and email Id.
How do I add beneficiary/payee for overseas transfer through digibank Remit?
Once you log into digibank, oversees payee needs to be added before initiating an overseas payment. Basic details such as payee's full name, account number, bank details, etc. should be kept handy.
Ensure that you download and log into digibank at least once before you add a new overseas payee.
After the payee is set up, the newly added payee will be saved and you don't have to enter the details again during your next transfer.
What documents do I need to send money overseas?
You don't need any document for transferring money anywhere in the world with digibank. All required payment details and declaration are collected digitally during 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.
Can I initiate an overseas transfer on the digibank app?
In accordance with extant law / regulation in India, currently, remittances overseas are not allowed on mobile application. You will be able to initiate an overseas transfer from digibank ibanking page which can be opened on your mobile.
What type of transactions / under what purpose can an overseas transfer be initiated through digibank Remit?
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
Under what circumstances the outward remittance request submitted may get rejected?
- In case the account does not having sufficient funds
- In case amount of transaction exceeds USD 25000 or equivalent
- In case the annual LRS limit of USD 250,000 has been utilized
- In case the beneficiary country is not part of “Permitted Country List”
- In case the beneficiary is not part of the “Permitted Beneficiary List”
- In case remittance being sent to your own account overseas
- In case 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
What is the minimum or maximum limit on overseas transfer initiated through digibank Remit?
The minimum limit per transaction for overseas transfer is of USD 10. The maximum transaction limit is USD 25,000 per transaction which is also the maximum daily transaction limit. The annual transaction amount limit is capped at 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).
View Terms and Conditions
View Overseas transfer declaration
Click here for correspondent bank details
Wherever You Are, We’re There For You.
Transfers so quick, so easy, so effortless, you’ll wish we could transport you to your loved ones too!
Cut-Off Time
Cut-Off Time
Gone are days of stressfully marking days off the calendar until your money reaches another country. Simplify life for your loved ones abroad, no matter how far you are, with same day transfers, made possible by digibank. All you have to do is make a transfer before the cut-off time. In case a transfer is made after the cut-off time, the credit will happen on the next day.
Here are the cut-off times for the following countries:
| Country | IN (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 |
Fees and Charges
Fees and Charges
Remember we said we don’t charge fees for international transfers.
We meant that.
| Currency and Country | Bank Fee | Agent Fees | GST |
|---|---|---|---|
| USD to USA | Free | Not Applicable | As applicable from time to time, will also be applied to your transaction |
| GBP to United Kingdom | Free | Not Applicable | |
| AUD to Australia | Free | Not Applicable | |
| EUR to Eurozone | Free | Not Applicable | |
| HKD to Hong Kong | Free | Not Applicable | |
| SGD to Singapore | Free | Not Applicable | |
| CAD to Canada | Free | Not Applicable | |
| Any other currency / country combination | INR 500 | Agent fees, if applicable, will be charged |
GST Charges
GST Charges
| Amount of Currency Exchanged (ACE) | GST rates | Minimum GST | Maximum GST |
|---|---|---|---|
| Upto Rs. 1 lakh | 0.18% of ACE | Rs. 45 | Rs. 180 |
| Between Rs. 1 lakh and up to Rs. 10 lakh | INR 180 + 0.09% of ACE | Rs. 180 | Rs. 990 |
| Above Rs. 10 lakh | INR 990 + 0.018% of ACE | Rs. 990 | Rs. 10800 |
How To Remit,
Unbank Style!
Log in to the digibank iBanking website
Click on Overseas Transfer
Click on Pay & Transfer
Not digibank user, but want in on the good stuff?
Think That’s All?
There’s More Where That Came From!
Whether it’s smarter savings, better investments, easy personal loans, international fund transfers - your digibank is designed to help you live better. It’s so easy, it feels like magic!
Personal Loan
Fast-track your life with instant paperless digibank personal loans of up to Rs. 15 Lakhs.
Fixed Deposit
Stay ready for every contingency and rainy days with fixed deposits at a higher interest rate.
Recurring Deposit
Make goal-oriented savings effortlessly at a higher interest rate!
Insurance
Through thick and thin, we’ve got you covered with health insurance plans for the family, automobile insurance and travel insurance.
Investment
You don’t need to be a finance guru to make smart investment choices. You’ve got digibank to help you become your own expert.
Frequently Asked Questions
How do I send money overseas online?
Login to digibank ibanking and click on the 'Overseas Transfer' tab within 'Pay & transfer'. For adding new oversees payee, simply provide bank account details or 'Start a transfer' in case of already added payees. Once the payment request is successfully completed, a confirmation email/message will be sent to your registered mobile no. and email Id.
How do I add beneficiary/payee for overseas transfer through digibank Remit?
Once you log into digibank, oversees payee needs to be added before initiating an overseas payment. Basic details such as payee's full name, account number, bank details, etc. should be kept handy.
Ensure that you download and log into digibank at least once before you add a new overseas payee.
After the payee is set up, the newly added payee will be saved and you don't have to enter the details again during your next transfer.
What documents do I need to send money overseas?
You don't need any document for transferring money anywhere in the world with digibank. All required payment details and declaration are collected digitally during 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.
Can I initiate an overseas transfer on the digibank app?
In accordance with extant law / regulation in India, currently, remittances overseas are not allowed on mobile application. You will be able to initiate an overseas transfer from digibank ibanking page which can be opened on your mobile.
What type of transactions / under what purpose can an overseas transfer be initiated through digibank Remit?
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
Under what circumstances the outward remittance request submitted may get rejected?
- In case the account does not having sufficient funds
- In case amount of transaction exceeds USD 25000 or equivalent
- In case the annual LRS limit of USD 250,000 has been utilized
- In case the beneficiary country is not part of “Permitted Country List”
- In case the beneficiary is not part of the “Permitted Beneficiary List”
- In case remittance being sent to your own account overseas
- In case 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
What is the minimum or maximum limit on overseas transfer initiated through digibank Remit?
The minimum limit per transaction for overseas transfer is of USD 10. The maximum transaction limit is USD 25,000 per transaction which is also the maximum daily transaction limit. The annual transaction amount limit is capped at 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).
View Terms and Conditions
View Overseas transfer declaration
Click here for correspondent bank details
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