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Bank has tied up with money transfer agencies for offering money transfer services to the customers through all our Branch network. Fast, reliable and with minimal charges, money transfers with our Bank is a no-hassle affair. Be it within the country or abroad, our online money transfer services make the business of transferring money look one of the easiest jobs. With all our branches networked under the Core Banking system, you can send and receive money in an instant and meet your urgent needs.
Various Money Transfer services offered by Bank:
1.Western Union Money Transfer through Weizmann Forex Ltd.
Established in 1993, Weizmann Forex was one of the first few companies to be licensed by RBI to operate as a Full Fledged Money Changer. With a modest beginning of four branches, Weizmann Forex has grown multifold to become a leading player in the retail foreign exchange market with a network of 550 plus locations spread all over India.
2.UAE Exchange & Financial services ltd (UAEFS) through
a.Xpress Money:
Xpress Money is a web based product, an instant mode of money transfer, receiving remittances from abroad through a unique 16 digit reference number called the XPIN (Xpress Personal Identification Number). Beneficiary can collect the cash at the payout location (such as our Branches, UAEFS offices and other designated offices) by referring this XPIN number along with a valid personal identification as verification. “Only inward remittances will be received and no outward remittance will be effected under the arrangement”.
b.MoneyGram :
MoneyGram International, Inc. (“MoneyGram”), a leading global payment services company and the # 2 global money transfer player with over 92,000 locations in 170 countries & territories. The head office is in London, with regional offices currently in Hong Kong, Dubai, Mumbai, Moscow and Johannesburg, and satellite offices in Athens, Madrid, Frankfurt, Brussels and Rome
UAE Exchange is associated with MoneyGram payment system Inc., USA as Super-agent to facilitate Money transfer service scheme in India and also to provide service providers under the approval from RBI.
Permitted remittance:
- Personal remittances towards family maintenance
- Remittances favoring foreign tourists visiting India
- Students who need pocket money or pay tuition fees
- Business people who need travel expenses
are admissible under the scheme.
For availing money transfer facilities, please contact our nearest Branch or write to info@lvbank.in
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Register & Login
Remit2India is a pioneer in the online money remittance industry. Having an experience of over 10 years in the industry, we provide an easy and hassle free money transfer service to all NRIs abroad. With Remit2India, sending money back to India is safe and can be done from the convenience of your home. Great exchange rates, exciting offers and a range of innovative products and services await you. |
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- Sending money is easy and hassle free
- Great exchange rates
- Send money to anywhere in India
- 24x7 online and phone customer support
- Multiple ways of sending money
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Xpress Money is a web based product, an instant mode of money transfer, receiving remittances from abroad through a unique 16 digit reference number called the XPIN (Xpress Personal Identification Number). Beneficiary can collect the cash at the payout location (such as our Branches, UAEFS offices and other designated offices) by referring this XPIN number along with a valid personal identification as verification. “Only inward remittances will be received and no outward remittance will be effected under the arrangement”.
Permitted remittance:
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Personal remittances towards family maintenance
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Remittances favoring foreign tourists visiting India
are admissible under the scheme.
Non-Permitted Remittance:
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Trade related remittances,
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Remittances towards purchase of property, investment or credit to NRE/FCNR A/c,
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Donation, contributions to charitable organisations
are not permitted under this arrangement.
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Salient Features:
· Single remittance not exceeding USD $2500 or its equivalent will be accepted.
· The number of remittances to be received by a single beneficiary from the principal is restricted to 12 transactions only in a financial year.
· Payment to be made in Indian Rupees only.
· Remittance exceeding Rs.50,000 will be paid vide DD / PO .
· No portion of remittance received under the arrangement shall be transferred out of India as funds received are non-repatriable.
· The receiver of the funds need not have to maintain bank account with our Bank as this is a straight cash pay-out service. Hence, we can offer this service not only to our existing customers but to non-customers, as well.
· “Xpress - Money’ software is user friendly having.
- Simple data entry fields.
- Link to Customer database.
- Several reporting and reconciliation applications.
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Speed Remittance Facility – Tie up with M/s Al Ahalia Money Exchange Bureau, Abudhabi. Remittance facility for our NRI Customers in UAE:
We are glad to inform you that our Bank, has made arrangements with M/s Al Ahalia Money Exchange Bureau for Speed Remittance facility – an instant, sccount credit for remittances from UAE. Al Ahalia Money Exchange Bureau is a licensed money exchange house, operating in UAE, UK, Bangladesh & Srilanka offering fund transfer facilities to NRIs residing in UAE. The speed remittance facility is entered into in response to continued representations from our NRI potential branches.
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The Non Resident Indians living in the Gulf countries can utilize the facility and the permitted transactions are as follows:
1) Credit to Non-Resident (External) rupee accounts maintained by Non-Resident Indians in Indian Rupees.
2) Payments to families of Non-Resident Indians, to their ordinary SB a/cs.
3) Payments in favour of Insurance Companies, Mutual Funds and the Post Master for premia / investments. (permitted investments)
4) Payments in favour of bankers for investments in shares debentures.
5) Payment to Coop. Housing Societies, Govt. Housing Schemes or Estate Developers for acquisition of residential flats in India in individual names subject to compliance of regulations thereof by the Non Resident Indians.
6) Payments of tuition/boarding, examination fee etc. to schools colleges and other educational institutions.
7) Payments to medical institutions and hospitals for medical treatment of NRIs/their dependents and nationals of Gulf countries in India.
8) Payments to hotels by nationals of Gulf countries/NRIs for their stay.
9) Payments to travel agents for booking of passages of NRIs and their families residing in India towards their travel in India by domestic airlines/rail etc.
10) Trade transactions up to Rs. 2 lac per transaction.
(Subject to change by Reserve Bank of India then & there)
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Western Union Money Transfer provides you an option to receive the money world wide. The Receiver/Beneficiary/customer can then go to any of our identified branches* offering western Union Money Transfer Service, fill out a simple "To Receive Money” Form and show proper photo identification. Once this information is verified and found to be satisfactory, the Branch will pay the Money.
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Features:
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Service approved by Reserve Bank of India.
Beneficiary/Receiver pays no fee.
Neither the Sender nor the Receiver has to have a bank account.
Service is Fast, Safe, Legal & Reliable.
Every transfer is protected by a world class security system.
A single recipient can receive up to 12 remittances in a year
No membership or account required
No charges for the receiver of fund
The receiver should not disclose MTCN to anyone |
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Benefits:
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- The money reaches you safely in minutes through secure Global Network.
- At present, Western Union has over 1, 20,000 Agent locations in more than 190 countries.
- Sender can send the money by filling a simple form “ To Send Money”
- Receiver can receive the money by filling a simple form “To Receive Money”
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Permitted Remittances:
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- Personal Remittances towards family maintenance
- Remittances favoring foreign tourists visiting India
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Not-Permitted Remittances:
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- All Trade related remittances, remittances towards purchase of property
- Investments or credit to NRE/FCNR Accounts etc
- Donations/Contributions to Charitable organizations
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Cash Limits:
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- Single remittance should not exceed 2500$ or its equivalent
- Branches can pay up to Rs.49,999/- by Cash. All amounts of Rs.50,000/- and above shall be
- paid by Pay Order/Demand Drafts (without our Bank Charges) or Direct credit to the
- Beneficiary Account in the Branch.
- For Foreign Tourists amount exceeding Rs.50,000/- can be paid by Cash as per RBI permission
- Only 12 Remittances shall be permitted in a year by a single recipient.
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Accepted Identification proofs:
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- Passport
- Driving License
- Ration Card
- Voters id
- PAN Card
- Refugee Card
- Bank pass book(where photo available)
- Army card
- Police card
- Student Id (Government colleges)
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| list of Branches where you can avail the western union money transfer facility. |
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LIST OF FOREIGN CORRESPONDENTS WITH ADDRESS, NOSTRO A/C NOS.
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SL.NO.
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CORRESPONDENT BANKS’ NAME & ADDRESS
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CURRENCY
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NOSTRO A/C NUMBER
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1.
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HSBC BANK USA
140, BROADWAY
NEW YORK, NY-10015, USA
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USD
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000-03381-2
SWIFT :MRMDUS33
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2.
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HSBC BANK PLC ,
P.O.BOX 181 , 27-32, POULTRY
LONDON - EC2P 2BX, UNITEDKINGDOM
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GBP
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00263899
SWIFT :MIDL GB22
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3.
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CITI BANK
111, WALL STREET 5TH FLOOR ZONE 9
NEW YORK , N.Y. 10041
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USD
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36201103
SWIFT : CITIUS33
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4.
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UBS AG
PO BOX 8098 , ZURICH
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CHF
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02300000035331050000E
SWIFT: UBSWCHZH80A
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5
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TORONTO DOMINION BANK
INTERNATIONAL CENTRE
P.O.BOX NO.1, TORONTO
DOMINION CENTRE, TORONTO ,
ONTARIO , M5K IA2, CANADA
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CAD
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0360-01-2085913
SWIFT : TDOMCATT
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6.
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HONGKONG & SHANGHAI BANKING CORPORATION
10, COLLYER QUAY, 01-01,
OCEAN BUILDING
SINGAPORE 0104,
REPUBLIC OF SINGAPORE
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SGD
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141-314203-001
SWIFT : HSBCSGSG
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7.
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HSBC BANK AUSTRALIA LTD.
14, MARTIN PLACE ,
GPO BOX 5302 ,
SYDNEY NSW 2000
AUSTRALIA .
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AUD
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011-795721-041
SWIFT : HKBAAU2S
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8.
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STANDARD CHARTERED BANK
FUJI BUILDING , 2-3 MARUNOUCHI 3-CHOME
CENTRAL P.O.BOX 906 , CHIYODA-KU
TOKYO – 100-91, JAPAN
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YEN
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0209791-1-1-10
SWIFT : SCBLJPJT
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9.
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HONGKONG & SHANGHAI BANKING COPORATION
SIR BARON JYATILAKA MWATHA
COLOMBO-1, SRILANKA
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ACU
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001-244896-101
SWIFT : HSBCLKLX
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10.
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CITI BANK AG
NEVE MAINZER STRASSE 75
60311 FRANKFURT
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EUR
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4116098003
SWIFT CITIDEFF
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11
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COMMERZ BANK AG
60301 FRANKFURT am MAIN
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EUR
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400875015000EUR
SWIFT : COBADEFF
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12
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SVENSKA HANDELSBANKEN
SE 106 70 STOCKHOLM SWEDEN
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SEK
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40315959
SWIFT : HANDSESSXXX
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OUR BANK SWIFT CODE: LAVBINBB
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| Help Line No (Toll Free) |
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1800 - 425 - 2233 |
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