Outbound Remittance




Mickey Foreign Exchange Pvt. Ltd., provides outbound remittance service to our esteemed clients. Through our association with HDFC Bank, one of the most reputed banks in India, you can be assured of receiving quality service and the most competitive rates.

We undertake the following outward remittances:

  • Remittances through Telegraphic Transfer
  • Foreign Currency Demand Drafts
  • Telegraphic Transfers

    Telegraphic transfers allows for transfer of funds from a local bank in India to a beneficiary account overseas. This is done with the help of correspondent banks around the world using wire transfer.

    Using this service, you can send money abroad for education, medical purpose, gifting and maintenance of a close relative or donation.

    Faster transfers: Your money will reach the preferred account anywhere in the world within 72 hours of your instructions.

    Hassle free transfers: Telegraphic transfers are easy to send. All that is needed is for you to visit Mickey Foreign Exchange Services Pvt. Ltd., and fill the required documentation.

    Choice of multiple currencies: We can send money overseas through SWIFT in 19 different currencies.
    These are:

    Features & Benefits

    • UAE Dhiram
    • Australian Dollar
    • Canadian Dollar
    • Swiss Francs
    • Singapore Dollar
    • Japanese Yen
    • American Dollar
    • Norwegian Krone
    • New Zealand Dollar
    • Omani Rial
    • Danish Krone
    • Euro
    • Great Britain Pound
    • Hong Kong Dollar
    • South African Rand
    • Saudi Riyal
    • Swedish Krona
    • Thai Bath
    • Korean Won

    Exchange rate protection: In this service, you can fix the final amount to be provided to the beneficiary account. Any exchange rate fluctuations will not affect the remittance amount determined in a particular currency.

    Liberalized scheme: RBI offers an additional facility of USD 75,000 or its equivalent to be remitted in addition to normal allowance to resident Indians. This facility can be used for other purposes, which are not covered under normal remittance.

  • Foreign Currency Demand Drafts

    Foreign Currency Demand Drafts are the best way to send money abroad when an exact amount of foreign currency needs to be sent out.

    Features and Benefits

    Low costs: The charges of issuing a foreign currency demand draft are lesser compared to that of sending a telegraphic remittance.

    Choice of multiple currencies: These Demand Drafts can be collected in 14 different foreign currencies, which are:

    • American Dollar
    • Great Britain Pound
    • Euro
    • Canadian Dollar
    • Singapore Dollar
    • Australian Dollar
    • New Zealand Dollar
    • Hong Kong Dollar
    • South African Rand
    • Swedish Krona
    • Norwegian Krone
    • Swiss Francs
    • Saudi Riyal

    Exchange rate protection: The Foreign Currency Demand Draft is issued in foreign currency. This saves you from the risk of varying exchange rates as soon as you have taken the draft.

  • Frequently asked questions (FAQs)

    For FAQs, please refer to our currency section.

  • General Notes
    • The prevailing card rate on the date of credit to customer account will be the applicable exchange rate
    • The date of credit to customer’s account does not include the transit time to the correspondent bank
    • Foreign Currency sent for collection to the Payee bank through correspondent bank located outside India can be returned by the payee bank even after crediting the proceeds to the depositor’s account after the cooling off period.
    • This could happen due to insufficient funds, closed account, fraudulence and any other reason as the bank sees applicable as per the clearing laws prevailing in relation to check collection in the drawee’s country.
    • The payee bank recovers the amount of returned cheque, if credited earlier by debiting the bank account in India. We hold the right to debit the depositor’s account to the extend of the amount of the returned cheque at the prevailing exchange rates along with charges and interest from the date of credit of proceeds till the date on which the amount is recovered from the depositor.

  • **"Documents required" mentioned above is subject to RBI requirement. To get the latest update on documents required please contact our forex team.