Indonesia is a popular holiday destination for people in India, thanks to the scenic mountains, pristine beaches and sacred temples. Apart from tourism, Indonesia is also home to a lot of Indians. For NRIs in Indonesia, who want to invest in India or financially support their family back home, DBS Treasures offers an easy way to send money to India – an NRE Account.
You can transfer money to an NRE Account in India using any remittance mechanism. An NRE account allows you to transfer your foreign currency earnings, hold it in rupees and use the funds for local expenses. You can also freely repatriate the money in an NRE account back to Indonesia whenever you wish.
An NRE account comes with various inward remittance benefits including:
DBS Treasures does not levy any additional service charge on inward remittances into an NRE Account.
|International Funds Transfer||Service Charge|
|Credit to DBS Treasures Account for Inward remittance||Free|
|Returned funds for unapplied OTT / ITT (for inward remittance)||All INR 500 + Swift Charges|
If you have a DBS Treasures NRE account, you can choose any money transfer method available to you like online remittance, wire transfer or bank-to-bank transfer. There are no limits to how many transactions or how much money you send per year.
How to Send Money to India Online from Indonesia
Here are the steps to transfer money from Indonesia to India:
Step 1: Open a DBS Treasures NRE account from anywhere. A dedicated Relationship Manager will guide you through the process.
Step 2: Log in to your local savings account in Indonesia and choose remittances or a similar option.
Step 3: Enter your mobile number or Customer ID. Your bank account details may get displayed once you enter this information.
Step 4: Select or add your beneficiary. Here, add and select your DBS Treasures NRE account.
Step 5: Check and verify all the information.
Step 6: Click 'Submit' or its equivalent.
Once the funds are deposited in your NRE account, we will send you an alert via SMS and e-mail.
If you do not have a DBS Treasures NRE account, apply for one now and start sending money to Indonesia the easy way!
There is no limit on the amount you can transfer to India from Indonesia.
The funds are credited to a DBS Treasures Account in India within 24 hours*.
You can transfer money across 150 countries in over 17 currencies from your DBS Treasures Account.