Medical procedures?, DCB Remit helps to look after your family maintenance abroad
By Praveen Kutty, Head of Retail and SME Banking, DCB Bank
An emergency, and especially a medical one, in a foreign land can be stressful and overwhelming for travelers or immigrants as well as their families back home.
What is their plight? Are they being looked after? Do they have access to proper food and shelter? Above all, do they have enough money?
While families cannot do much in terms of rendering immediate physical and emotional help, they can mitigate the financial circumstances of their loved ones.
This is where outward remittance from India, comes in. Families and individuals can send funds to their loved ones who may have traveled overseas as students or immigrants. Moreover they can do get funds remitted abroad smoothly and efficiently through an online platform.
DCB Remit is an online service that allows you to send money abroad under the online LRS rules permitted by Reserve Bank of India (RBI). Funds may be remitted abroad specifically to a foreign bank account, quickly and without any hassle of usually associated with remittances abroad – more than one trip to a bank branch, opaque foreign exchange rate applied for your transaction.
In this easy-to-use online service, a resident Indian of any bank account holder can simply register online and transfer funds to as many as 22 countries, including the USA, the UK, Australia, Singapore, Canada, the UAE, and Eurozone. This facility can be availed of in seven currencies — US, Australian, Canadian and Singapore Dollar, British Pound, Euro and UAE Dirham.
In addition to remitting funds healthcare purposes, money can also be transferred abroad for education and hostel fees, family maintenance, business travel, gifting, visa fees and private visits.
The limit for overseas fund transfer via DCB Remit is USD 25,000 and/or equivalent in other permitted currencies per financial year, subject to the purpose available on DCB Remit platform.
What makes DCB Remit appealing is that you need not be a DCB Bank customer to avail of the facility. You can use the platform by simply transferring funds from your savings bank account in another bank anywhere in India to a specified DCB Bank account through electronic fund transfer i.e. IMPS, NEFT or RTGS. You will, however, need to activate the fund transfer by using the net banking facility from your existing account.
Therefore, here is how it works: Once the indicative exchange rate is put forth, the customer can transfer the funds from any account to DCB Bank’s account. The funds will then be transferred to the beneficiary account abroad latest by the next business day.
DCBRemit.com online service allows the fund transfer in a quicker, seamless and secure manner. The sender can track the transfer in real-time and via SMS and email alerts. Once the indicative exchange rate is out forth, the sender merely transfers the funds from any account to the stipulated DCB Bank account. The money will then be transferred to the overseas beneficiary account within few days/hours. What's more, DCB Remit comes with zero cost for a limited time promotion
A large number of people have saved on time and effort on money transfers via www.dcbremit.com, making it one of the most convenient and attractive avenue to remit funds abroad.