Foreign Inward and Outward Remittance Services
Unity Small Finance Bank, in partnership with IndusInd Bank, offers seamless international money transfer solutions tailored to meet your needs. Our money transfer services are available in 16 currencies, ensuring quick and reliable transactions.
Why Choose Unity Bank’s Remittance Services?
Competitive Forex Rates
Unity Bank publishes tentative/indicative Forex rates daily before 10:30 a.m. Rates are subject to market fluctuations and intra-day currency movements.
Competitive exchange rates and remittance charges.
Fast Track Your Funds
For Inward remittance, funds are credited to your account
within 48 hours.
Ensures transparency and convenience
Secure money transfer.
Foreign Inward Remittance
Quick and Secure Cross-Border Transfers
Unity Bank’s inward remittance services, funds are credited to your account within 48 hours, providing a secure and efficient remittance process.
Accepted remittance purposes include
- Inward Remittance from non-residents towards family maintenance and Savings
- Personal Gifts
- Compensation of Employees/Salary
- Receipts o/a Non-Resident deposits (NRERA)
Important Notes
- Add the prefix "USFB" to your account number for reference ( e.g.,59:/USFB0021000XXXX3344).
- Transactions without the “USFB” prefix may be returned, with applicable charges.
How to Receive Money
- Get Routing Details
- Obtain routing information from your nearest branch.
- Submit Document
- Provide One time FEMA declaration form per calendar year and Purpose letter for every transaction.
- Conversion & Transfer
- Your foreign funds are converted to INR and are credited to your Unity Small Finance Bank account.
- Timing
- Funds will be credited same day where FEMA declaration & Purpose letter is received from the customer before 12.00 noon.
Foreign Outward Remittance
Send Money Worldwide with Ease
Whether you need to send money for education, medical expenses, or personal needs, our outward remittance services are designed for speed and simplicity.
Permitted Purposes
(as permitted under LRS Scheme)
- Education fees, medical treatment.
- Gifts, family maintenance.
How to Transfer Money
- Visit Your Branch
- Submit a remittance requirements form and supporting documents.
- Documentation
- FORM A2 with supporting documents, Cheque, self-attested PAN and Aadhar card.
- Adequate Balance
- Maintain sufficient funds in your account.
- Timing
- Requests submitted by 12:00 p.m. are processed on the same day.
Fees and Charge
| Type of Transaction | Charge Description | Charge Amount |
|---|---|---|
| Inward Remittance | Nil | |
| Outward Remittance | Swift | Rs.500.00* |
| Commission | Rs.500.00* | |
| Nostro Charges | At Actuals | TCS | At Actuals |
*GST as applicable on Charges & FCN Conversion
Important Notes
- Accurate details of the beneficiary, bank, and purpose are mandatory.
- Exchange loss and return charges are borne by the remitter.
Frequently Asked Questions
Start your money remittance journey today!
For inquiries, contact us at care@unitybank.co.in.
