One of the major uses of forex cards is to load up money in it and deposit in any international banks. Why can’t I do the same with Niyo DCB Global card? I am going for my masters in US and I do not wish to carry cash with me. What would be the best way to transfer money in the bank account I’ll open as soon as I land there with the least amount of extra charges using Niyo’s services? Please let me know.
Hey Mohid! Please rest assured, Niyo has partnered with DCB Remit to enable International transfers using Niyo Global App. The International transfer need not even happen using a DCB Niyo card. You can use any of your savings accounts to initiate the transfer. LK
@Lucky Can you share the procedure to do so?
Hey @tabbas97!
Welcome to the Niyo Community!
Following are the steps the user needs to do for making a successful transfer in DCB Remit portal:
- Signup/login
- Booking Transfer
- Choosing currency to transfer to & enter an amount to be transferred
- Select Payee: Select payee details to whom the amount needs to be transferred. Add a payee in case of a new payee.
- Select Source Bank: Select any of your own savings accounts(Niyo DCB Global card can not be used) to transfer the amount. Add a source bank account to add a new source account.
- Confirm Booking: Agree to remittance declaration and confirm the booking.
- Deposit Amount: On booking a transfer successfully, RRN(Remit Ref. no.) is generated along with DCB Remit pool account details where the user needs to transfer the equivalent INR amount within the valid time period using NEFT/RTGS.
- DCB remit transfers to Payee: Once the user transfers equivalent INR amount to DCB Remit. DCB Remit transfers it to Payee’s account by T+1 day.
NOTE:
The limit to transfer is 25,000$ US which is INR 18,00,000.
https://www.dcbremit.com/?gclid=EAIaIQobChMIu_zR7-aI6gIVin4rCh0LFAYEEAAYASAAEgLvUfD_BwE
Hope this helps! LK
1 Like
Hello sir mera niyox Card block ho gaya hai use unblock kar dijiye
But DCB Remit exchange charges are not less than Wise
