;

International Money Transfer Limits

                     
Many countries have limits on outward foreign currency flows. Kindly take a note of international money transfer limits as per your country of residence, mandated by local regulatory authorities, as well as by  InstaReM. Please note this list is updated on a periodic basis. 


Limits on Outward Flow of Remittance

  • Country
    Minimum Transfer Amount (InstaReM)
    Maximum Transfer Amount
    Comment
  • Australia

    - Individual 
    - Corporate


    AU$50
    AU$50


    N/A
    N/A


    InstaReM limits 1st transfer to AU$2500 for individuals.
  • Singapore

    - Individual
    - Corporate


    SG$50
    SG$50


    N/A
    N/A


    (InstaReM Limits)
  • Hong Kong

    - Individual
    - Corporate


    HK$300
    HK$300


    N/A
    N/A


    (InstaReM Limits)
  • Malaysia

    - Individual
    - Corporate


    MYR 500
    MYR 500


    MYR 50,000 (Daily Limit)
    MYR 2,00,000 (Daily Limit)


    (Regulatory Limits)
  • India

    - Individual






    - Corporate


    INR 2000
    BGN 2000
    JPY 150000
    CHF 1000
    NZD 2000
    USD 500

    N/A


    INR 3,15,000  (Max Limit Per Transaction)
    INR 15,85,000  (Max Limit Per Financial Year 1st Apr to 31 Mar)



    N/A


    (Regulatory Limits)

 


Besides the above limitations on outward remittances in various countries, regulations in receiving countries also impose limits on maximum inward remittances to individual and corporate recipients in the country.  Please find a list of countries below with regulatory limits on inward money transfers. In some cases, we have also included possible limits by local banks. 

Limits on Inward Flow of Remittance

  • Country
    Business to Business
    Business to Individual
    Individual to Individual
  • India

    1.5 Million INR (approx. USD 25,000) per transaction for Trade
    transactions only
    No limit
    No limit
  • Philippines
    <150,000 (beneficiary will receive exact amount)
    >150,000 (beneficiary may receive lesser amount as
    beneficiary bank may charge fees for transaction above
    150,000 PHP)
    <150,000 (beneficiary will receive exact amount)
    >150,000
    (beneficiary may receive lesser amount
    as beneficiary bank may charge fees for
    transaction above 150,000 PHP)
    <150,000 (beneficiary will receive exact amount)
    >150,000 (beneficiary may receive lesser amount as
    beneficiary bank may charge fees for transaction
    above 150,000 PHP)
  • Indonesia
    No Limit
    No Limit
    No Limit
  • Thailand
    Transaction limit per remitter is 500,000 THB per day per
    beneficiary
    Transaction limit per remitter is 500,000 THB per
    day per beneficiary
    Transaction limit per remitter is 500,000 THB
    per day per beneficiary
  • Malaysia
    No Limit
    No Limit
    No Limit
  • Singapore
    No Limit
    No Limit
    No Limit
  • Bangladesh
    No Limit
    No Limit
    No Limit
  • Hong Kong
    No Limit
    No Limit
    No Limit
  • Sri Lanka
    No Limit
    No Limit
    No Limit
  • Vietnam
    -
    Minimum Transfer Amount: 500,000 VND and Maximum Transfer Amount: 300 Million VND
    Minimum Transfer Amount: 500,000 VND and Maximum Transfer Amount: 300 Million VND
  • China
    RMB 1,999,999 (Payment for Goods only)
    No Limit
    USD 5000 per trade, Annual USD 50,000 per beneficiary (aggregate limit).
  • Nepal
    No Limit
    No Limit
    No Limit
  • USA
    No Limit
    No Limit
    No Limit
  • Australia
    No Limit
    No Limit
    No Limit
  • UK
    No Limit
    No Limit
    No Limit
  • Europe
    No Limit
    No Limit
    No Limit



The above information is provided on 'as-is', 'as-available' basis only. The above information is subject to change and would be periodically updated.  Although every effort is made to ensure the reliability of the information above, we encourage you to do a thorough research through various Government and other sources to reach a conclusion. This shall not constitute as a warranty, either expressed or implied with regards to the accuracy and adequacy of any information stated herein. InstaReM would not be liable for any discrepancy, or any loss or damage arising as a result of the above data.