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Accept international
payments in your Savings Account

Receive Money In 16 Major Currencies

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Our Customer’s Trust

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“I am satisfied with Samarohi Bank staff's behavior. I get high interest rates on my savings account, fixed deposits and recurring deposits. Now, I am saving and growing my money securely. I recommend them to all my well-wishers, family, and friends.”

Sandeep P Pathan

Badimunde, Odisha

Know More About Remittance Services

Transferring money in today’s global economy is easier than ever. With our Inward and Outward Remittance services, you can conveniently send money abroad and receive international funds in your Samarohi SFB Account.

More Reasons to Choose Inward Remittance

Major Currencies

Remit in 16 major currencies

Hassle-free Experience

Initiate online wire transfer

Foreign Exchange

Competitive Conversion Rate

Minimum Documentation

For Outward Remittance

Eligibility and documents

Who can apply?

Customers of Suryoday SF Bank

What are the documents required?

PAN Card

Foreign Exchange Rate

As on 23-05-2025 (Major Currencies)
Currency	Description	TT Buy	TT Sell
AED	UAE DIRHAM	22.52	23.99
AUD	AUSTRALIAN DOLLAR	53.95	56.28
CAD	CANADIAN DOLLAR	60.68	63.02
CHF	SWISS FRANC	101.9	104.98
DKK	DANISH KRONES	12.64	13.33
EUR	EURO	95.18	98.49
GBP	POUND STERLING	113.24	117.02
HKD	HONG KONG DOLLAR	10.55	11.26
JPY	YEN	58.14	61.08
NOK	NORWEGIAN KRONE	8.00	8.89
NZD	NEW ZEALAND DOLLAR	49.57	51.95
SAR	SAUDI RIYAL	21.96	23.58
SEK	SWEDISH KRONA	8.44	9.43
SGD	SINGAPORE DOLLAR	65.28	67.49
THB	THAI BAHT	2.51	2.73
USD	U.S. DOLLARS	83.92	86.92
ZAR	RAND	4.49	5.07

Note

The above rates are TENTATIVE / INDICATIVE and are not the final rates. Please contact your nearest Samarohi Bank branch for the final rates before proceeding with the transaction. The rates are subject to change without notice. Samarohi Bank does not accept any responsibility for any action taken based on the above rates.
Information on forex rates may quickly become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. Samarohi Bank is not obligated to update the information contained in the forex rate list available on the Bank's website, and the service of providing forex rates may be discontinued at any time without notice.

Remit In 3 Steps

Initiate Transfer

Fund conversion into INR

Amount gets credited

Frequently Asked Questions

Is Pan Number mandatory to avail for Foreign Exchange?

Yes, it is mandatory for the resident individual to provide his/her Permanent Account Number (PAN) for all transactions.

What are the mandatory KYC documents for outward remittance?

Pan Card & Valid POA – Passport / Aadhaar Card.

For Family Maintenance Relationship with Beneficiary, which are the eligible relationships?

Husband , Wife, Father, Mother, Step-father, Step-Mother, Son, Stepson, Son’s Wife, Daughter, Daughter’s Husband, Sister, Brother, Step-Brother and Step-Sister.

While sending funds under purpose of Gift, can the beneficiary be an Individual or Overseas Company?

Under purpose for Gift, the beneficiary can be only a Non-Resident Individual. If the beneficiary is a Non-Individual or Resident Individual, such transactions would not be accepted.

What is Liberalised Remittance Scheme (LRS) of RBI?

Under this scheme any Indian resident can transfer maximum upto USD 2,50,000 or equivalent in a given financial year (from 1st April till 31st March) abroad for allowed purposes by RBI. However, in cases where the purpose of transfer is- Education or Medical Treatment and emigration, an individual is allowed to remit more than USD 2,50,000.

Can I do outward remittance from my NRE or NRO Account?

Currently outward remittance facility is restricted to Resident customers only.

Is there any minimum and maximum amount limits while sending money?

Minimum amount you can send is USD 100 or equivalent. Maximum amount allowed per transaction is USD 25,000 or equivalent. In case if you wish to transfer a sum higher than USD 25,000 additional documentation will be required.

Is there a daily transaction limit for outward remittances?

There is no daily transaction limit. However, the total funds transferred by you abroad should be within the LRS limit.

What is the transfer fee and GST charged on each transfer?

Following charges will be applicable on each transaction-. Transfer fee INR 750 + 18% GST. Foreign Bank Charges (If foreign bank charges is selected as “OUR”). Currency conversion tax: Applicable as per remitted amount in INR. Tax Collected at Source (as applicable).

What is Tax collected at source (TCS)? When do I have to pay TCS?

Samarohi is India’s simplest and easiest trusted banking partner. We are passionate about financial inclusion, offering products and services that cater to all segments of society. Our digital-first approach ensures you have access to the best banking services at your fingertips.

What is the vision for the future of Samarohi Micro Finance Bank?

The Finance Act, 2020 amended Section 206C of the Income Tax Act,1961 and introduced tax collection at source (TCS) on foreign remittance under LRS subject to the applicable threshold limit. TCS@20%* shall be applicable on all forex drawls under LRS exceeding INR 7 Lakhs in a financial year.*For remittances towards pursuing overseas education, TCS @ 0.5% shall be applicable, if the amount remitted is obtained through an educational loan from a financial institution as specified u/s 80E of the Income-tax Act, 1961. However, if the amount remitted towards overseas education is from out of own funds or loan from any other entity (i.e. not from education loan obtained from a financial institution as explained above), TCS@5% shall be applicable on remittance amount exceeding INR 7 lakhs each financial year. If you are eligible to pay TCS on a certain transfer, then a separate TCS amount will be shown in break-up of charges.