Why use Vested Remit for your next transfer?
Money transferred to beneficiary in less than 12 hours.
No fixed fees. One of the best FX rates for conversion.
We have processed $200 million in money transfers to date
Initiate a transfer in 3 simple steps.
Get all your TCS documentation in one place.
Easy transfer process
Sign up and complete a one-time digital verification process
Check the conversion amount, enter beneficiary details and transfer INR using netbanking
Track the transfer status at each step.
Which countries can I transfer money to?
What purpose can I send money for?
Each purpose requires a supporting document. Please check the FAQs below and keep the document handy.
Gift & donations
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What is Vested Remit?
Vested Remit is an international money transfer service that allows you to send money abroad for non-investing purposes like education, family maintenance, travel, etc in a fast, secure and cost-effective way.
Is Vested Remit safe?
Vested Remit has partnered with SBM India, an RBI regulated bank for the money transfer. We follow rigorous verification procedures and keep your funds safe and traceable. We have together processed USD 200 million in money transfers to date.
For what purposes can I transfer money abroad?
- Maintenance of relatives
- Self-transfer to US bank account
What are the documents required for Vested Remit transactions?
- Maintenance of relatives- Proof of relationship as applicable
- Education – University Admission letter
- Travel – Travel documents (Tickets/Hotel receipts)
- Health – Medical invoice
- Gift/Donations – Reason for gifting
- Self-transfer – 12-month bank statement or ITR
Are these documents required each time?
No. You need to share the documents only once per beneficiary.
What are the transaction limits under Vested Remit?
Standard Liberalized Remittance Scheme (LRS) limit of USD 250,000 in a financial year with the following sub-limits:
- Maintenance of relatives – USD 50 to USD 25,000
- Education – USD 50 to USD 25,000
- Travel – USD 50 to USD 5,000
- Health – USD 50 to USD 25,000
- Gift/Donations – USD 50 to USD 500
- Self-transfer – USD 50 to USD 25,000
How long does it take for the funds to be deposited in the beneficiary’s account?
Funds sent using Vested Remit will typically take 12-36 hours post approval to get deposited in the beneficiary’s account. This excludes bank holidays and weekends.
Are Vested Remit transactions subject to TCS?
A 5% TCS will apply to all remittances over INR 7 lakhs as per the revised Liberalized Remittance Scheme (LRS)
What are the documents required for self-transfer transactions?
Self-transfer transactions require the creation of a savings bank account with SBM India (Vested Direct). It is a completely digital account opening process that requires your PAN number and consent to download your C-KYC information.
What if I have an existing SBM account?
You can still open a Vested Direct account with us. Please reach out to our support for assistance.