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 - Native Currency (InstaReM)
Minimum Transfer Amount - Other Currencies (InstaReM)
Maximum Transfer Amount
Comment
-
Australia
- Individual
- Corporate
AU$200
AU$200
N/A
N/A
N/A
N/A
InstaReM limits 1st transfer to AU$2500 for individuals.
-
Singapore
- Individual
- Corporate
SG$200
SG$200
USD 50
USD 50
N/A
N/A
(InstaReM Limits)
-
Hong Kong
- Individual
- Corporate
HK$1000
HK$1000
USD 50
USD 50
N/A
N/A
(InstaReM Limits)
-
Malaysia
- Individual
- Corporate
MYR 200
MYR 200
USD 50
USD 50
MYR 50,000
(Daily Limit)
MYR 2,00,000
(Daily Limit)
(Regulatory Limits)
-
India
- Individual
- Corporate
INR 4000
NA
NA
NA
INR 3,35,000
(Max Limit Per Transaction)
INR 16,75,000
(Max Limit Per Financial Year 1st Apr to 31 Mar)
N/A
(Regulatory Limits)
-
Europe
- Individual
- Corporate
EUR 200
EUR 200
N/A
N/A
N/A
N/A
(InstaReM Limits)
-
UK
- Individual
- Corporate
GBP 200
GBP 200
EUR 200
EUR 200
N/A
N/A
(InstaReM Limits)
-
US
- Individual
- Corporate
US$50
US$50
N/A
N/A
N/A
N/A
(InstaReM 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.
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