Outward Remittances

our international outward remittances

Learn more about the Forex Outward Remittance Services from TMB.

Outward Remittances

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:

Table showing the USD Limits for Outward Remittances
Remittance TypeAmount (USD)
  • Above stipulations are as per the rules and guidelines of RBI and are subject to change without notice. Please consult your auditor for further clarifications.
Business Trip250,000.00
Studies Abroad250,000.00
Tourism / Year250,000.00
Gift/Donation per Remitter/Donor250,000.00
Medical Treatment Abroad250,000.00

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.