Page-header-breadcrumb

XPRESS-MONEY

Xpress Money

Features

Federal Bank is offering Xpress Money (XM), a money transfer scheme that helps NRIs to send remittance to beneficiaries in India through branches of UAE Exchange Centre. Remittance up to Rs 50,000 will be paid in cash on production of Photo Identity Card and the pin number issued by UAE Exchange Centre. The remittance reaches the beneficiary immediately. The service is a boon to NRIs and their families in India as well as foreign tourists visiting India and foreign students studying in India. 

 

star-with-tick-icon
Xpress Money is available to our account holders and non-account holders, under the Money Transfer Service Scheme by RBI.
star-with-tick-icon
Facilitates instant payment of foreign inward remittance in cash (for amount up to Rs. 50,000/-) to individual beneficiaries in India within minutes.
star-with-tick-icon
One of the fastest growing instant money transfer services with an agent network spanning over 50,000 locations in 100 countries across five continents.

How it works ?

Xpress Money in India operates within the purview of RBI guidelines and within the following framework:

 

star-with-tick-icon
Only personal remittance such as remittance towards family maintenance and remittances favouring foreign tourists visiting India are permissible.
star-with-tick-icon
Maximum permissible limit per transaction for Xpress Money is Rs. 50,000/-, per beneficiary
star-with-tick-icon
Only 30 remittances can be received by a single individual beneficiary under the scheme during a calendar year

Explore Other Cash Transfer

YOU-MIGHT-BE-INTERESTED-PRODUCT-PAGE

You might be interested

Recommendations for a safe and easy banking experience

Blog

Stay tuned to banking innovations & trends and make smart financial decisions

Learn More
Tutorial Videos

Watch tutorial videos about our products & services and harness the power of digital banking.

Learn More
Safe Zindagi

Our guidelines and tips for secure banking with total peace of mind

Learn More