Overseas Remittance
Sending money overseas from India, is convenient and easy with the guidance of Amethyst Forex.
Amethyst Forex has an arrangement with an International Bank and leading Fintechs to power International money transfer.
- Available in all major currencies
- Remit money through Wire Transfer or Foreign Currency Demand Draft
- Get competitive great exchange rates
As a resident in India, you can now remit overseas money for,
- Private visits.
- Remittance by tour operators / travel agents to overseas agents / principals / hotels.
- Business travel.
- Fee for participation in global conferences and specialized training.
- Remittance for participation in international events/competitions (towards training, sponsorship, and prize money),
- Film shooting,
- Medical treatment abroad,
- Disbursement of crew wages.
- Overseas education.
- Remittance under educational tie-up arrangements with universities abroad.
- Remittance towards fees for examinations held in India and abroad and additional score sheets for GRE, TOEFL, etc.
- Employment and processing, assessment fees for overseas job applications.
- Emigration and emigration consultancy fees,
- Skills / credential assessment fees for intending migrants.
- Visa fees.
- Processing fees for registration of documents as required by the Portuguese / other Governments,
- Registration / subscription / membership fees to International Organizations.
So, if you are sending money overseas, then look at our great remittance rates today!
RBI Guidelines on Outward Remittance – Send Money Abroad
Outward remittance in India can be described as a transfer of money in foreign exchange by a resident in India to a beneficiary situated outside the country (except Nepal and Bhutan) for a purpose as approved under FEMA (Foreign Exchange Management Act).
The OR transactions can be either a Telegraphic Transfer or a Demand Draft.
Can I send money abroad from India?
One can definitely send money abroad from India following the guidelines under FEMA by RBI. The rules are broadly based on residential status of remitter and purpose. Business related transactions relating to import and export of goods and services are restricted to be handled only by Authorised Bank. With the introduction of Liberalised Remittance Scheme on February 4th,2004, GOI has allowed general public to transfer money abroad for permitted current or capital account transactions. Presently residents of India are allowed to remit money up to USD 2.5 lakhs or equivalent per financial year.