International Money Transfer - Outward Remittance (2024)

Enjoy competitive exchange rates and the comfort of remitting online under LRS from anywhere around the world through RBL Bank's International Money Transfer services.

To start your secure digital outward remittance journey, click on the relevant tab below:

International Money Transfer' is a payment option in RBL bank's Internet Banking that enables you to send money abroad (outward remittance) to a foreign bank account. All you have to do is log into your InternetBanking, click on 'Payments' Tab and select ‘International Money Transfer”, add “Payee Account Details and select ‘Send Money’ and book the transaction. RBL Bank will verify your payment and send to the intended beneficiary account overseas.

No. You need to open an individual account with RBL Bank to use this service.

Yes, primary account holders with joint account can do outward remittance.

Step 1: Log into RBL Bank's Internet Banking.
Step 2: Click on ‘Payments' tab and Select “International Money Transfer” option.
Step 3: You will be redirected to the 'International Money Transfer' page.
Step 4: You can view exchange rates and charges for the transaction.
Step 5: Click on “Manage Payee” and add details such as Payee Country, Currency, Swift code & Payee
Details and click on “Continue”. After which enter “OTP” received on registered mobile number for Payee
addition.
Step 6: Click on 'Send Money' option, fill relevant information as per purpose code , then enter amount and
click on “Continue”
Step 7: Verify your payment details, enter or select Promo code if available, accept the terms & conditions and
click on 'Confirm Booking'.
Step 8: On successful submission of your request, a success message containing Reference Number for the
payment will be displayed to you. RBL Bank will also send a success message to your registered Mobile
Number and email ID.
Step 9: Check Status Tracker Tab in 'International Money Page' page for status of your payment.

You can submit an overseas fund transfer request anytime, 24x7 through 'International Money Transfer'
facility on RBL Bank's Internet Banking.

Transaction request received on bank working day (during weekdays) before 3:00 PM IST, subject to
Successful verification of payment request, will be processed on the same day. Requests received after 3:00 PM IST on bank working day and during holidays will be processed on the next bank working day.

After submission of request, kindly note that your account will be debited only after successful verification of your payment request by RBL Bank on the day of request or the next working day.

Normally, it takes one day for funds to reach a foreign bank account. It may take more time in case of intervening holidays. Also Intermediary/Beneficiary bank make take additional time for crediting the funds.

All retail individual customers who are Resident Indians are eligible for 'International Money Transfer' facility on Internet Banking to send money overseas.

You can send money for eligible purposes such as Education, Family Maintenance, Travel for Medical Treatment, Gift, Opening a foreign currency with a bank abroad and Indian Portfolio Investment Abroad in equity shares.

Yes, you can transfer only upto 25,000 USD equivalent per day and maximum upto 2,25,000 in a FY through this online facility.

Absolutely. 'International Money Transfer' facility is powered by RBL Bank and is as good as sending money from the bank branch, but only faster and more convenient since you are doing it from the comfort of your own home. It requires login through Internet Banking and sends real time updates on your registered mobile Number and email ID.

You can send money in 17 currencies - USD, CAD, GBP, EUR, CHF, SEK, DKK, NOK, ZAR, AED, HKD, JPY, SGD, CNY, THB, AUD and NZD.

Each and every charge (including Govt. Taxes) levied on the transaction will be displayed to you with reason on the website, during the process of your transaction.

After you initiate the remittance process by submitting the payment request, RBL Bank routes the payment through its correspondent/ Partner banks. These correspondent banks may levy charges at their discretion for rendering the services which are neither in control nor the responsibility of the RBL Bank.

When payments are made overseas, charges are imposed by various banks, such as the remitting bank, the beneficiary bank, the intermediary bank etc. These charges can be settled in multiple ways – (BEN) - By debit to the sending amount before delivery of funds (OUR) Upfront collection of charges from sender and delivery of full amount to receiver (OUR). (SHA) – Part debit to the sending amount prior to delivery of funds & part collection of charges upfront In RBL Bank's 'International Money Transfer' facility, we try to keep things simple. Hence, in all cases, charges are collected upfront (OUR) and you bear all charges for the payment which includes Fees, Taxes as well as partner bank’s fees so the beneficiary receives the complete payment.

In most cases, no documents are required for sending funds abroad. If required, the ‘International Money
Transfer’ facility will ask you to upload the necessary documents online.