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International Money Transfer

In India, outward remittance is the process of money transfer in foreign exchange by an Indian resident in India to a beneficiary outside the country. The money should be transferred only for one or more purposes as approved under FEMA (Foreign Exchange Management Act).

What is the best way?

We are committed to offering the best rates to our customers. Our policies are 100% compliant with the rules set by RBI.Call us for further assistance. Our experienced team of professionals will guide you on the best way to send money abroad.

Transfer Money Abroad

  • Overseas Education
  • Film Shooting
  • Medical Treatments abroad
  • Remittances to relatives/friends
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International Remittances Processed By

Money Transfer FAQs

Yes, it is mandatory for the resident individual to provide his/her Permanent Account Number (PAN) for all transactions under LRS made through authorized persons.
The remittances can be made in any freely convertible foreign currency.
Yes, but only for foreign exchange worth Rs. 50,000. For the purchase of foreign exchange equivalent to Rs 50,000/- and above, payment in full should be made by way of a crossed cheque, banker’s cheque, pay order, demand draft, debit card, credit card, or prepaid card only.

Sending Money Overseas: RBI Guidelines on Outward Remittance

In India, outward remittance is the process of money transfer in foreign exchange by an Indian resident in India to a beneficiary outside the country. The money should be transferred only for one or more purposes as approved under FEMA (Foreign Exchange Management Act).

As an authorized dealer (Category II) holding a license and legal permission from the RBI for money remittance abroad for 17 purposes, we are revered as one of the most reputed outward remittance services in India.

Outward remittance (OR) transactions can be done as any of the following:

– Telegraphic Transfer

– Demand Draft

These 17 purposes are within the overall limit under the LRS scheme.

All transactions are processed only after verifying the remitter’s KYC. We have dedicated staff to verify the credentials of applicants. They certify KYC and approve it with a verified seal and signature.

Step for money transfer

  • Step One

    Call us

  • Step Two

    Provide the sender with a PAN card, Aadhar Card

  • Step Three

    Provide beneficiary account details, Visa.

  • Step Four

    Amount to transfer

Send Money Abroad from India

As per the guidelines outlined under FEMA by RBI, an Indian resident can send money abroad from India. These rules are based on the remitter’s residential status and purpose.

All business-related transactions associated with the import and export of goods and services can be handled only by an authorized bank.The Liberalised Remittance Scheme was launched on February 4th, year 2004. Under this scheme, GOI allowed the general public to transfer money abroad safely for all permitted account transactions (current or capital).

At present, Indian residents are permitted to remit money up to USD 2.5 lakhs per financial year.

At Nine two Nine Forex, we have been granted a license. We are authorized to facilitate outward remittances for the following 17 listed purposes. The purposes permitted by RBI under