Outward Remittances
our international outward remittances
Learn more about the Forex Outward Remittance Services from TMB.
Tamilnad Mercantile Bank offers various methods for complete outward forex remittance service through a global tie up with many international banks spread across the globe. Through these correspondent banks, funds can be transferred to any account anywhere globally from your account with us.
Purpose / Eligibility:
Any person / resident in India is permitted to make the following outward remittances in foreign exchange:
Outward Remittance Limits:
| Remittance Type | Amount (USD) |
|---|---|
| |
| Business Trip | 250,000.00 |
| Studies Abroad | 250,000.00 |
| Tourism / Year | 250,000.00 |
| Employment | 250,000.00 |
| Immigration | 250,000.00 |
| Gift/Donation per Remitter/Donor | 250,000.00 |
| Medical Treatment Abroad | 250,000.00 |
We effect Outward Remittance Through:
- Swift - It is a secured and fast means of effecting a outward remittances.
- Demand Draft - We can issue Demand drafts on our correspondents listed herewith towards your remittances.
Sale of Multi Currency Prepaid Travel Cards:
The person’s who intend to travel abroad may approach our nearest branches for purchase of our own multi-currency prepaid travel cards. We are offering competitive rates for the sale of multi-currency prepaid travel cards.
Students going abroad:
Click Here if you are a student and plan to go abroad for further studies. We have attractive offers for students going abroad.
