bank remittance

What Is The Money That Migrants Send Back To Someone In Their Source Country Called?

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What Is The Money That Migrants Send Back To Someone In Their Source Country Called? Remittances, usually understood as the money or goods that migrants send back to families and friends in origin countries, are often the most direct and well-known link between migration and development. Remittances exceed official development aid but are private funds.

What Is The Procedure For Foreign Remittance?

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What Is The Procedure For Foreign Remittance? Bank Account number. Remitee’s Name and Address. Bank’s Swift Code details. Bank Branch details. Nationality of Bank. What are all required documents in foreign payments? Retail Outward Remittance Application – A2 cum LRS Declaration. PAN card copy. In case the remittance amount is ₹ 10 lac and above,