| ‘ INDIVIDUAL’S Remittance to India – Bank of India, UK Branches. | |
|---|---|
| Remittance Route | Indicative time taken for the remittance to reach the beneficiary’s account in India |
| Our UK Customers | From Available Funds in their account with UK branches |
| BANK OF INDIA | Time taken from the date of Instructions. |
| All Indian Branches (BOI) | Next Working Day |
| OTHER BANKS | |
| RTGS enabled Branch | 1-2 working days |
| National Electronic Fund Transfer | 1-2 working days |
| Non Customers Cash |
Walkin Customers (one-off) £1000/- with full Customer Due Diligence(CDD) |
| BANK OF INDIA | |
| CBS enabled Branch | Next Working Day |
| OTHER BANKS | |
| RTGS enabled Branch | 1-2 working days |
| National Electronic Fund Transfer | 1-2 working days |
| Cheques etc | Remittance by Cheques drawn on other Local Banks. |
| Cheque shall be sent for clearing/collection on next working day. Remittance shall be made on the date of receipt of funds by the branch (normally 6 working days from the date of receipt of cheque). | |
| Remittance is made on the rate of exchange prevailing on the date of remittance. | |
| Maximum cash limit per 24-hour period | |
| Type of customer | Limit |
| Retail (Student, Housewife etc. (low-income groups)) | £ 500 |
| Retail (Retired, pensioner, businessman, salaried employee etc. (medium/high income group)) |
£1000 |
| Corporate | £ 2000 |
| Maximum cash limit per annum | |
| Type of customer | Limit |
| Retail | £ 10,000 |
| Corporate | £ 20,000 |
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