ACE Money Transfer
ACE Money Transfer
27 Oct 2026
Moving money across borders can feel like navigating a maze - especially when your bank is a cooperative institution rather than a multinational giant. If you hold an account with Thane Janata Sahakari Bank (TJSB) and need to send or receive international remittances, this guide walks you through every step, from gathering the right codes to completing a transfer through ACE Money Transfer.
Thane Janata Sahakari Bank is a multi-state cooperative bank headquartered in Maharashtra, with branches spread across Thane, Mumbai, Pune, Nashik, and several other locations in India. It holds scheduled-bank status and is authorised by the Reserve Bank of India to deal in foreign exchange, which means customers can process both inward and outward international money transfers without necessarily stepping outside the TJSB ecosystem.
That said, TJSB does not operate as a full-scale international remittance giant. Instead, it enables overseas transfers through correspondent banks (such as Bank of India in New York for USD and Commerzbank AG in Germany for EUR), authorised money transfer operators, and online remittance partners. These relationships allow TJSB to settle foreign currency flows across major currencies - USD, EUR, GBP, JPY, AUD, and more - using its network of Nostro accounts.
TJSB Bank facilitates outward remittances for education, medical treatment, family maintenance, and permissible investments. The bank also offers comprehensive foreign and forex exchange services, covering everything from forward contracts and multi-currency forex cards to import letters of credit and NRE/NRO account management.
Common use cases for international transfers through a TJSB-linked route include:
Tuition fees for students studying abroad
Family maintenance remittances from NRIs
Medical treatment payments at overseas hospitals
Import/export payments for MSMEs
Salary repatriation for Indian workers overseas
For any overseas bank transfer, customers generally need the recipient's bank details - including SWIFT/BIC code, local routing number, and account number - along with their own TJSB account details and the correct IFSC code on the sender's side.
This guide will also show you how to send money internationally using ACE Money Transfer while still crediting funds directly into a Thane Janata Sahakari Bank account in India.
Inbound remittances to a TJSB savings or current account can be routed via global remittance services or correspondent banks. Regardless of which channel the sender uses, accuracy of account details is the single most important factor in ensuring your money arrives on time and in the right place.
Understanding the TJSB IFSC Code
The IFSC code plays a central role in routing the domestic leg of an international transfer within India. IFSC is an 11-character unique alphanumeric number that identifies each bank branch in the NEFT network. For example, the Ghodbunder Road branch in Thane carries the IFSC code TJSB0000022.
IFSC is required for online fund transfers like NEFT and RTGS, and it ensures that once foreign funds land in India through a correspondent or partner bank, they are directed to the exact TJSB branch where the beneficiary holds an account. You can find IFSC codes on bank passbooks and statements, or by using any IFSC search tool online. You can also confirm the code by visiting your nearest TJSB branch.
Be precise with this code. Incorrect IFSC codes can lead to transfer cancellations, bounced transactions, or delays that may take days to resolve.
The Role of the MICR Code
The MICR code - short for Magnetic Ink Character Recognition - is printed on TJSB cheque leaves and is primarily used for cheque clearing. While MICR is less critical for wire transfers, some forms and KYC documents for inward remittances may request both the IFSC and MICR details. It is good practice to have your MICR code handy when filling out remittance-related paperwork.
Details the Sender Abroad Needs from You
To receive money in your TJSB account, provide the sender with all of the following information:
Full name exactly as it appears in your TJSB bank records
Complete TJSB account number (typically 15–16 digits)
Branch name and full address, including city and state
IFSC code for that specific branch (format: TJSB0000XXX)
TJSB MICR code (if requested by the sending bank or remittance service)
TJSB Bank processes inward remittances through MTSS, subject to applicable RBI rules. Regulations may change. Please verify current requirements with an authoritative source. transaction limits. Under India's MTSS, cash payments up to higher amounts require other disbursement methods such as credit to a bank account.
Always verify TJSB's latest inward remittance procedure with the nearest branch or official website, as specific correspondent banks and SWIFT codes used by TJSB can change over time.
Using ACE Money Transfer to Send Funds to a TJSB Account
A customer living abroad can use ACE Money Transfer to send funds to a TJSB account in India. The process is straightforward: choose India as the destination, select Bank Deposit as the payout method, and then pick Thane Janata Sahakari Bank or enter your TJSB account details where supported.
Once the money arrives in India through ACE’s partner network, the final credit to the TJSB account is processed using the correct IFSC code and account number. Transfer times may vary depending on the payout network and compliance checks. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
If you have never used ACE Money Transfer before, here is a clear walkthrough from sign-up to tracking your transfer.
1. Register or log in. Head to the ACE Money Transfer platform and create an account using your email address, Google account, or Apple ID. First-time users will need to complete basic KYC verification as required by the regulations of the sending country - typically a government-issued ID and proof of address.
2. Choose your destination and payout method. Select India as the destination country. ACE offers three payout methods: Bank Deposit, Cash Pickup, and Mobile Wallet. For crediting funds directly into a TJSB account, choose Bank Deposit.
3. Enter recipient details. Provide the TJSB beneficiary's full name (matching their bank records), their TJSB account number, and the correct TJSB IFSC code. Double-check every character - a single wrong digit in the IFSC or account number can delay or cancel the transfer.
4. Select a payment method. ACE Money Transfer accepts debit cards, credit cards, and online bank transfers in most corridors. The accepted methods may vary depending on which country you are sending from, so select the option that works best for your situation.
5. Add a payment reason and confirm. You will be prompted to add a payment reason - for example, "family maintenance," "education fees," or "medical expenses." Review all transfer details, including the exchange rate and applicable fees, then click “Pay Now” to initiate the transaction. Exchange rates fluctuate, so check the live rate at acemoneytransfer.com before sending.
6. Track your transfer in real time. After confirming payment, ACE provides a unique tracking or reference number. Use this number in the ACE Money Transfer dashboard or mobile app to monitor the status of your transfer to the TJSB account in real time.
Processing times: Bank deposits to Indian banks like TJSB are often instant to a few working hours during banking days. Transfers initiated on weekends, public holidays, or those that trigger additional compliance checks may take longer. Debit and credit card payments tend to arrive faster than transfers funded via bank accounts in the sending country.
TJSB customers in India may also need to send money overseas - whether it is for a child's university tuition, a family member's medical treatment abroad, travel expenses, gifting, or permissible investments. Outward remittances from India through TJSB Bank are subject to the RBI’s Liberalised Remittance Scheme (LRS), which permits resident individuals to remit up to USD 250,000 per financial year for eligible transactions. RBI guidance. Regulations may change. Please verify current requirements with an authoritative source.
How Outward Transfers Work at TJSB
Outward international bank transfers from a TJSB account are typically facilitated through the bank's correspondent banking relationships. Here is how the process generally works:
Visit a designated TJSB branch that handles foreign exchange (often referred to as an IBD or International Banking Division branch - locations include Naupada, Nashik, Pune, and Andheri).
Fill in the outward remittance application form (Form A2) and provide KYC documentation.
Submit proof of purpose for the transaction - such as an invoice from a foreign university, a medical estimate, or an investment approval letter.
Documentation requirements for outward remittances include a filled application form and proof of purpose for the transaction. A PAN card is required for resident individuals making outward remittances under India’s Liberalised Remittance Scheme (LRS), as per RBI guidance. Requirements may vary by transaction type; check the applicable rules before sending.
Beneficiary Details You Will Need
To complete an outward transfer, gather the following information about the overseas recipient:
Full legal name as registered with their bank
Complete foreign bank account number or IBAN
Bank name and full branch address
SWIFT/BIC code of the recipient's bank
Any local routing numbers (sort code for the UK, ABA routing number for the US, transit number for Canada, etc.)
Fees and Exchange Rates
TJSB-linked outward remittances involve conversion from INR to the foreign currency at the bank's prevailing exchange rate, bank service charges, and correspondent bank charges that may be levied along the payment chain. These costs can vary by currency, amount, and destination. Always confirm the up-to-date fee schedule at your TJSB branch before initiating a transfer. Keep in mind that Tax Collected at Source (TCS) under Indian income tax law may apply depending on the amount and purpose of the remittance.
ACE Money Transfer as an Alternative for NRIs
If you are physically abroad - whether as an NRI, a migrant worker, or a student - and want to send money back to India, ACE Money Transfer and TJSB Bank have different transfer processes and fee structures. Compare current fees, exchange rates and estimated delivery times for your specific transfer before making a decision. With ACE, you can help your family receive funds without the paperwork and branch visits typically required at the India end.
ACE offers multiple payout methods for recipients in India beyond TJSB bank deposits:
Bank Deposit: Direct transfer to major partner banks across India, including crediting a TJSB account using the correct IFSC code.
Cash Pickup: Over-the-counter cash collection at authorised partner bank branches - useful when the recipient does not have a bank account or needs immediate cash.
Mobile Wallet: Mobile Wallet: Funds are credited to supported digital wallet accounts, subject to processing times and provider requirements. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
This flexibility means your recipient can choose whether they prefer funds in their TJSB account or immediate cash at a nearby pickup point.
Choose the channel that best fits your situation: branch-based TJSB outward remittance when you are sending from India to abroad, and ACE Money Transfer when you are sending from overseas back to a TJSB account in India - or to cash and mobile wallet payouts for maximum convenience.
Thane Janata Sahakari Bank supports both inward and outward international money transfers through its correspondent banking network and authorised schemes like MTSS and LRS.
Always verify your IFSC code, account number, and other branch-level details before initiating or requesting a transfer - a single error can derail the entire transaction.
ACE Money Transfer provides a convenient, trackable way to send money from abroad directly into a TJSB bank account, with additional payout options like cash pickup and mobile wallet.
For outward remittances from India, visit a TJSB forex-enabled branch with your PAN card, Form A2, and purpose documentation to stay compliant with RBI regulations.
Whether you search for the best exchange rate or the fastest processing time, comparing your options between TJSB's direct services and online remittance platforms like ACE will help you make a smarter choice for every transfer.
Getting started with ACE Money Transfer takes just a few minutes. Register, enter your TJSB beneficiary details, pick your payment method, and track your money in real time - all without leaving your home.
Disclaimer: This article is intended for general informational and educational purposes only and should not be construed as legal, regulatory, tax, business, or financial advice. While reasonable efforts have been made to ensure that all facts, figures, and data are accurate and valid as of the date of publication, no warranty or guarantee is given as to the ongoing completeness, accuracy, or currency of the information.
The content is based on information available at the time of publication. Regulations, government policies, market conditions, and service offerings may change over time and vary across jurisdictions and providers. As a result, some information may no longer be current or applicable. Readers should independently verify all information and consult qualified professional advisors before making any financial, legal, or business decisions.
