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Foreign Remittance

Foreign remittance banking refers to the process of transferring money internationally, often from one country to another, through banking channels. It involves both inward remittances (money coming into a country) and outward remittances (money leaving a country). These transactions are crucial for individuals, families, and businesses with international financial needs, playing a significant role in both recipient and sender economies

Overview

  • Uttarakhand Gramin Bank has money transfer services arrangement with Western Union Financial Services (WU) under which, money can be remitted from abroad by friends and relatives of people of the area through overseas offices of WU and our branches can facilitate the payment of such remittances to the people for whom the money has been sent.
  • Our money transfer options offer you the convenience and dependability you need and the peace of mind you deserve

Features

  • Maximum Limit per transaction by cash Rs50000/- only.
  • If amount exceeds 50000/- a transaction done by Banker's cheque.
  • A beneficiary can receive a maximum of 12 transactions in a calendar year.
  • Customer should submit his I.D proof during transaction.
  • Money can be remitted from abroad to our branches but not from our branches to abroad
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