Now it has become easier than ever to transfer money from abroad to India. IndusInd Bank has entered into an agreement with National Payments Corporation of India (NPCI), under which customers sitting abroad will be able to easily transfer their money to India through UPI. The bank has started this facility from Thailand. Explain that the facility of Foreign Inward Remittance (FIR) has been started through the bank’s UPI.
Take advantage of this facility like this
Let us inform that IndusInd Bank has become the first bank in this initiative to transfer money from abroad to India through UPI. This bank can offer the facility of UPI payments for cross border payments or NRI remittances. The special thing is that this facility will work in real time.
Facility will start from Thailand
To avail this facility, the customer has to add the beneficiary on the DeeMoney website. Let us tell you that DeeMoney is a financial solution provider from Thailand that provides services like money transfer and foreign currency exchange.
The idea of implementing the scheme in other countries
The bank plans to provide the facility of cross border payments with other countries through UPI in the future. The bank said that customers can avail this facility 24 hours a day.
No need for bank account number
People of India like to transfer money in the country without a bank account or only through UPI ID. Similarly, money can be transferred from abroad also through UPI. Bank account number will not be required for this. The sender just needs to enter his UPI PIN. Keep in mind that the information about all such transactions will remain with the government.