A very convenient way to send money to India, especially from the GCC region. Indus Speed Remit allows you to send money to India in association with correspondents (Exchange Houses/ Banks). Funds are credited to beneficiaries IndusInd account in as fast as 24 hours. For non-IndusInd accounts funds are credited through RBI’s electronic clearing or a demand draft is issued and couriered within 24 hours.

Benefits

• Absolutely FREE*

• Convenience to choose from our several partnered Exchange Houses for remitting funds through Speed Remit
• Wide coverage of Exchange Houses ensures ease of accessibility abroad. (Available in the following countries: UAE, Qatar, Oman, Kuwait, Bahrain, Hong Kong & Singapore)
• Option of directly crediting bank account and issuing INR draft.
• No limit on maximum amount for remittance (For trade transactions the maximum limit per transaction is INR 200,000)
• SMS alerts informing status of transaction are send to both the beneficiary and the sender.

• Walk in to our partner Exchange House branch
• Request for payment to India using Indus Speed Remit facility
• Direct credits to IndusInd Bank accounts in India (within 24 hours)
• Next day credit* to accounts held with other Bank branches (participating in EFT)
• INR draft sent directly to the Beneficiary across 700 locations in India, within 24 hrs.

* IndusInd Bank does not levy any charges for transferring funds through Indus Speed Remit.However Exchange House/ Bank levies charges and thus varies for each correspondent

* IndusInd Bank credits the beneficiary account within 24 hours. Next day credit to Non- IndusInd accounts depends on the other Bank.