FTS - Funds Transfer Service
Sending money to New Zealand and abroad, made secure, fast, and reliable.
Thinking of moving to New Zealand? With our Funds Transfer Service (FTS), sending money overseas has never been easier! Secure, fast, and reliable transactions for all your financial needs in New Zealand and beyond.
Key Features
- Secure transfers to New Zealand and worldwide
- Fast processing for immigration and family support
- RBI-compliant documentation support
- Competitive transfer rates
Frequently Asked Questions
Remittance for following purposes comes under capital account transactions of LRS. RRSB forex has suitable arrangements to remit money for all following purposes (subject to satisfactory documentation). For documentation requirement please refer to product - remittance section.
- Bank account abroad
- Purchase of property abroad
- Investment abroad – in shares, mutual funds and in debt
- Investment in Subsidiary or joint venture abroad
- Loan to NRI relatives
To buy currency notes or travel card for your travel abroad following documents are required.
- Application cum declaration under LRS
- Passport
- Valid visa
- Confirmed ticket
- PAN card
There are 17 purposes for which you can send money abroad through RRSB forex. There are 7 more purposes for which money can be remitted overseas as RRSB forex has referral arrangement for these. For detailed documentation requirement of each category please refer to product - remittance section.
This is part of LRS scheme (current account transactions). While Gift can be sent to foreign passport holder also, remittance for maintenance can be done for close relatives only. This is subject to satisfactory verification of remitter and supporting documents. No need of opening bank account for doing remittance under this purpose.
This is part of LRS scheme (current account transactions). While Gift can be sent to foreign passport holder also, remittance for maintenance can be done for close relatives only. This is subject to satisfactory verification of remitter and supporting documents. No need of opening bank account for doing remittance under this purpose.