If you need to send money abroad or receive funds from overseas, Karur Vysya Bank (KVB) offers international remittance services for eligible customers, including NRIs. Transfers may be used for purposes such as education, medical treatment, and family maintenance, subject to applicable requirements. KVB provides information on its remittance services and transfer options. This guide explains how international transfers work, including delivery methods, fees, processing times, and safety considerations.

Introduction to Karur Vysya Bank International Transfers

Karur Vysya Bank, a private sector bank headquartered in Tamil Nadu, supports international money transfers through SWIFT and other remittance channels. The bank provides inward remittance services to India, including facilities for eligible NRI customers to fund NRE and NRO accounts, subject to applicable account terms and regulations. For current options and requirements, refer to KVB’s official remittance information.

Common use cases include paying university fees, covering medical expenses abroad, supporting close relatives, and making permitted outward remittances under India’s Liberalised Remittance Scheme, subject to applicable rules. Karur Vysya Bank states that its remittance service supports transfers to over 170 locations in India. The sections below explain the relevant processes, potential costs, and safety considerations.

How to Receive International Money in a Karur Vysya Bank Account

Receiving money into a Karur Vysya Bank savings, NRE, or NRO account is usually simple. In most cases, the recipient pays minimal or no fees on the India side.

The main ways to receive funds include:

Direct SWIFT remittance credited to your KVB account

Transfers routed through KVB's correspondent banks in major currencies

Cash payouts via Western Union at participating KVB branch locations

Instrument collection for foreign demand draft or cheque

To complete the transfer, the sender must furnish: your full name as per bank records, KVB account number, branch IFSC code, KVB SWIFT code (commonly KVBLINBBIND), the purpose of remittance, and their own address. Money is typically delivered in INR, with foreign currency converted at the prevailing KVB exchange rate on the date of credit. SWIFT transfers can take 2–3 business days to process once the message is received and all details are correct. You can check the status by contacting your home branch or customer care. Receiving limits and required documentation depend on RBI Master Directions and may vary by currency and country.

Sending Money Abroad from Karur Vysya Bank Branches

Outward remittance from India via Karur Vysya Bank is typically done as a wire transfer initiated at an authorised KVB branch. KVB offers wire transfers for sending money abroad across major currencies. Outward remittances require an in-person visit to an authorised bank branch.

Here is the step-by-step process:

Visit a KVB branch with your PAN card and valid ID proof.

Fill out Form A2, which is required for foreign remittances under RBI regulations.

Provide KYC documentation and proof of source of funds.

Provide beneficiary details, including the name, account number, and bank information (SWIFT/BIC, IBAN, or routing number).

Declare the intended purpose of the transfer.

The Reserve Bank of India regulates outward remittances under the Liberalised Remittance Scheme (LRS). As of 20 October 2026, the LRS limit is USD 250,000 per resident individual per financial year (April to March) for permitted current or capital account transactions, subject to applicable rules and exceptions. Common permitted purposes include university fees, overseas living expenses, medical treatment, and maintenance of close relatives.

Before sending, consider cost components such as KVB's outward remittance fee, correspondent or intermediary bank charges for SWIFT transfers, and any currency conversion margin reflected in the exchange rate. Tax Collected at Source (TCS) may apply to eligible outward remittances under Section 206C(1G) of India’s Income-tax Act. The applicable threshold, rate, and exemptions depend on the remittance purpose and current tax rules. Ask the branch for its current charges and estimated delivery time. SWIFT transfers may take around 1–3 working days, depending on the banks involved, currency, and processing requirements. Rates and fees may vary. Visit acemoneytransfer.com for current rates.

SWIFT Remittance and Correspondent Banks Network

SWIFT remittance is the backbone of how Karur Vysya Bank processes both inward and outward international money transfers. SWIFT transfers can take 2–3 business days, depending on the destination and intermediary routing.

KVB maintains accounts with correspondent banks in major currencies:

The typical message flow works like this: the sender's bank transmits instructions to a correspondent bank (for example, Citi Bank New York for USD), which then routes the payment to Karur Vysya Bank's central forex processing centre, where funds are finally credited to the recipient's account.

Accurate beneficiary and correspondent bank details reduce delays, compliance queries, and the chances of funds being returned. Specific SWIFT codes and account numbers for each currency are listed on the official KVB website. On the remittance instructions page, you can find the exact routing details to provide to your overseas sender.

Western Union and Other Partner Money Transfer Options

KVB customers can receive international funds via Western Union at selected Vysya Bank branches across India. KVB has partnered with Western Union for cash pickups, enabling recipients to collect INR over the counter fast - often within minutes of the sender completing payment abroad. Rates and fees may vary. Visit acemoneytransfer.com for current rates.

To get money delivered in cash, the person collecting must:

Share the Money Transfer Control Number (MTCN)

Present valid ID proof

Provide sender details at a participating KVB branch

This makes Western Union useful for urgent family needs where speed matters more than cost.

Beyond Western Union, KVB Remit Home allows eligible customers in the United States to send U.S. dollar remittances to India through Automated Clearing House (ACH) Direct Debit. According to KVB’s, the service details include:

Individual transaction limit: USD 5,000.

Weekly sending limit: USD 10,000 across multiple transactions.

Transaction fees: The bank lists fees of USD 3, USD 6 and USD 9 for different transfer amounts. Check the current fee schedule and applicable amount bands before sending.

Transfer time: Funds may reach beneficiaries in as fast as 3 working days through Direct Debit.

Other digital providers, such as Remit2India, may also offer transfers to eligible KVB accounts. Available services, exchange rates, fees and processing times depend on the provider and transaction.

Customers can download the KVB DLite mobile banking app for account management through the bank's official app download page, which provides links for Android and iOS.

Fees, Exchange Rates, Timelines, and Safety for KVB International Transfers

The overall cost of using Karur Vysya Bank for international transfers depends on three things: explicit fees, exchange rate margin, and intermediary bank charges.

Fees at a glance:

Transfer fees depend on the amount and payment method. Up-to-date tariffs are available on the bank's service charges and fees page on their website.

Exchange rate markup is applied over the interbank rate during currency conversion. KVB's exchange rates are typically lower than mid-market rates published on financial sites, and this difference is an indirect cost on every transfer. For cards used abroad, a currency conversion factor of 3.5% is listed in KVB’s debit card fee document dated 4 March 2025. The applicable charges may depend on the card and transaction terms. Please check the bank's current schedule of charges before using your card abroad.

Timelines vary: standard SWIFT inward transfers take 2–3 business days, outward remittances take about the same or slightly longer, and Western Union payouts are often same-day. Remitly may offer zero-fee transfers to India for eligible customers. Its official US-to-India promotion terms describe a limited-time offer for new customers who meet the promotion requirements. Eligibility, payment method and promotional conditions apply. Check the current quote before sending, as fees and exchange rates may change. So it's worth comparing before you start any transfer.

Safety tips to keep in mind:

Never share your PIN, OTP, or internet banking passwords with anyone

Always use official Karur Vysya Bank channels and verified URLs

Avoid clicking unknown links promising higher exchange rates

Keep all transfer receipts and reference numbers safe

Compare total costs across services, keep your documentation complete, and visit your nearest KVB branch or the official website to get current charges before making your next international money transfer.

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.