ACE Money Transfer
ACE Money Transfer
23 Oct 2026
If you work or live abroad in the UK, Europe, Canada, Australia, or any GCC country and need to send money to a family member's Kerala Gramin Bank account in India, you have more options than ever. Kerala Gramin Bank (now officially Kerala Grameena Bank) supports inward remittances through international money transfer operators and online platforms like ACE Money Transfer, making it straightforward for Non-Resident Indians to get funds home quickly and affordably. You can securely send USD, GBP, EUR, CAD, AUD, and other currencies to Kerala Grameena Bank, with the money credited in INR.
KGB's inward remittance process is designed specifically for Non-Resident Indians, and when paired with a digital remittance platform, it eliminates the friction of traditional bank-to-bank SWIFT transfers. Traditional SWIFT transfers typically take 1 to 3 business days and may involve transfer fees and intermediary bank charges. Online services such as ACE Money Transfer show the applicable transfer fee and exchange rate before customers confirm a transaction, so they can review the total cost. Actual fees, exchange rates and delivery times depend on the provider, destination and payment method. See ACE’s published fee and commission information for details.
At a glance:
You can transfer money internationally to a Kerala Gramin Bank account via bank deposit, with competitive exchange rates and real-time digital tracking. Exchange rates fluctuate, and the rate you receive may differ from any rates quoted. Always check the live rate at acemoneytransfer.com before sending.
This guide covers how the transfer works, the step-by-step ACE Money Transfer process, payout methods, recipient requirements, costs, and FAQs.
Who this guide is for:
NRIs and overseas workers sending money to family in Kerala
Anyone supporting education, medical expenses, or household costs through international remittances to a KGB account
When someone abroad sends money to a Kerala Gramin Bank account, several entities work together. To receive international transfers, the sender must provide specific intermediary and beneficiary details. Kerala Grameena Bank uses Canara Bank's services to receive international transfers through the SWIFT network, as stated in its official SWIFT remittance guidance. The instructions provide Canara Bank's SWIFT BIC for routing remittances to Kerala Grameena Bank accounts. Instead, SWIFT remittance is utilised to receive international funds into KGB accounts through Canara Bank's BIC (CNRBINBBNFC).
KGB transfers funds through its correspondent bank in compliance with RBI foreign-exchange regulations. Once the foreign currency arrives via SWIFT, it is converted to Indian Rupees at applicable exchange rates, and the rupee amount is settled into the recipient's KGB branch account through the domestic clearing system (NEFT/RTGS). Kerala Gramin Bank supports INR transfers, so the recipient always receives funds in their local currency. KGB banking correspondents and the remittance facility at each branch handle the final credit.
Key entities involved:
Sender's overseas bank or remittance provider (e.g., ACE Money Transfer)
Correspondent bank (Canara Bank, handling the SWIFT leg for KGB)
Indian domestic settlement system (NEFT/RTGS/IMPS)
Kerala Gramin Bank branch (destination account)
Typical timelines:
Traditional SWIFT via overseas bank: 1–3 business days
Online remittance platforms (card payment): minutes to a few hours
ACE Money Transfer is a digital remittance platform that lets customers in supported countries send money directly to Kerala Gramin Bank accounts in India via bank deposit. Users create an ACE online account, choose India as the destination, select "Bank Deposit" as the payout method, and input the recipient's KGB account details.
ACE accepts multiple payment methods, including debit card, credit card, and online bank transfer. Card payments are typically the fastest for processing. The platform offers competitive exchange rates, low transfer fees, real-time transaction tracking, and 24/7 access via its website and mobile app.
Why ACE for KGB transfers:
Transfers can be made through bank deposit options directly to Kerala Gramin Bank savings or current accounts.
The platform displays fees and the INR amount the recipient will receive before you confirm, so there are no surprises.
ACE Money Transfer Limited is authorised and regulated by the UK Financial Conduct Authority (FCA) under reference number 506692 to provide payment services, as stated in its UK terms and conditions.
Here is how to send money to a Kerala Gramin Bank account using ACE Money Transfer, step by step.
Register or log in. Create an account on ACE Money Transfer's platform using your email, Google, or Apple ID. You must register the beneficiary online before transferring funds.
Choose India and Bank Deposit. Select India as the destination country and pick "Bank Deposit" as the payout method.
Select Kerala Gramin Bank. Select Kerala Gramin Bank from the list, or enter the bank name manually if required.
Enter recipient details. Enter the recipient's full name as per bank records, their Kerala Gramin Bank account number, and the branch IFSC code. Double-check these details carefully - an incorrect account number or IFSC can delay the transfer.
Enter the transfer amount. Type the amount in your sender currency (GBP, EUR, CAD, AUD, USD, etc.). ACE displays the INR amount the recipient will get, along with the exchange rate. For example, sending GBP 1,000 may deliver approximately INR 124,600 depending on the live rate. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
Choose a payment method. Select from debit card, credit card, or online bank transfer. Card payments are generally processed faster.
Add payment reason. Declare a purpose for the remittance (e.g., family maintenance, education, medical expenses) as required by regulations. Fees are shown before you complete the transfer, so review the total cost.
Review and pay. Confirm all details and click "Pay Now."
Track the transfer. Use the reference tracking number ACE provides to track the status in real time (statuses include "Awaiting Funds," "Sent for Payout," and "Credited"). Keep this number safe and notify your recipient once ACE shows the fund transfer as completed.
When sending to Kerala Gramin Bank, the primary payout method via ACE is bank deposit, where money is settled into the recipient's Kerala Gramin Bank account in INR. The recipient can then withdraw via ATM, branch, or use local digital channels like NEFT, IMPS, and UPI from their Kerala Gramin Bank account.
ACE also offers other general payout methods in India:
Cash Pickup: Over-the-counter cash collection at authorised partner bank branches across India. This may be useful if the recipient does not have a KGB account.
Mobile Wallet: Instant crediting to supported digital wallet accounts.
On the sender side, ACE offers online bank transfer, debit card, and credit card (depending on country). Card payments may incur additional card issuer fees beyond ACE's charges. Specific payment methods vary by region, so check the ACE platform for your country's options.
The recipient in India must have an active Kerala Gramin Bank or Kerala Grameena Bank account to receive international funds through bank deposit. Here is the checklist of details the sender must collect:
Recipient's full legal name (as per bank records)
Complete Kerala Gramin Bank account number
IFSC code of the recipient's KGB branch
Branch name and address (optional but helpful for error checking)
Like all Indian banks, Kerala Gramin Bank requires compliance with RBI KYC norms. The recipient's PAN, Aadhaar, and contact details should be updated with the bank. If KYC is not current, the bank may hold the credit or delay deposits until documents are provided.
For KGB personal banking, registration requires a duly filled registration form submitted at the branch. Self-registration for debit cards is not available. Customers receive a User ID after branch registration, and they can log in on T+1 after registration. Users can change their passwords in the Profile section of their online banking portal. These steps apply to recipients who want to access their account digitally to manage incoming funds.
Accounts opened under KGB PMJDY or other KGB social security schemes are also eligible to receive inward remittances, provided KYC is complete. Inward remittances to India are subject to the rules for the relevant transfer channel and purpose. The RBI’s remittance guidance outlines the applicable limits under different schemes. Regulations may change. Please verify current requirements with an authoritative source. The sender's country and ACE's per-transaction limits will determine how much can be sent in one go.
ACE Money Transfer provides an online option for sending money to India, alongside traditional bank transfer channels. Customers can review the applicable exchange rate, fees and estimated delivery time before confirming a transaction.
Key features:
Exchange rates: ACE’s published UK pricing schedule lists foreign exchange spreads of 0.1% to 1.5% for India bank deposits and cash pickups. The applicable rate and fee depend on the transfer details. See ACE’s fee and commission schedule.
Fee transparency: ACE displays applicable charges and the exchange rate before customers confirm a transfer, as explained in its pricing transparency statement.
Transfer speed: On 24 February 2025, ACE announced a collaboration with Mastercard Move to enable near-real-time transfers on supported routes, including India. Availability depends on the sending country and payout method. See the partnership announcement.
Online access and tracking: Customers can initiate transfers through ACE’s website or mobile app and review transaction details.
Regulatory status: ACE Money Transfer Limited is authorised and regulated by the UK Financial Conduct Authority (FCA) under reference number 506692 for payment services. Its status can be checked on the FCA Financial Services Register.
Benefits for NRIs and overseas workers:
Understand the recipient amount: Review the exchange rate and transfer fee to estimate how much INR the recipient may receive.
Plan transfers for important expenses: Transfers may be used to support family expenses, including medical costs, education and household bills. Delivery times depend on the transfer route and processing requirements.
Track transaction progress: Tracking tools and transaction notifications help customers stay informed about their transfer status.
Convenient funding options: Depending on the sending country, customers may be able to fund transfers by debit card, credit card or online bank transfer.
Traditional SWIFT transfers and online remittance services use different payment processes, fee structures and delivery routes. SWIFT transfers may involve correspondent bank charges, while online providers display their applicable fees and exchange rates according to their terms. Compare the total cost, expected delivery time and amount the recipient will receive before choosing a transfer method. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
Once funds are credited to the recipient's Kerala Gramin Bank savings or current account in INR, they can use the money through all of KGB's domestic channels.
Use NEFT, IMPS, and UPI to transfer funds within India, whether paying school fees, hospital bills, utility bills, or loan EMIs.
Access UPI through any UPI app (BHIM, Google Pay, PhonePe, etc.) linked to the Kerala Grameena Bank account.
Withdraw cash from ATMs across Kerala and India using a Kerala Gramin Bank debit card.
KGB digital products, including internet banking and mobile banking services, let the recipient manage funds directly without visiting a branch. KGB products include KGB agriculture loans, KGB micro credit, and KGB govt-linked schemes, so recipients can also use remittances to service existing financial commitments. For more information on branch locations, recipients can use the locate us feature on the KGB website. KGB support is available at any branch for questions about deposits or fund transfer issues. Building financial literacy around these tools helps recipients make the most of incoming remittances.
Cost components:
Transfer fees: ACE or other providers may charge a transfer fee depending on the amount sent, payment method and destination. For example, ACE's UK pricing may list bank-deposit fees starting from £1.99 per transfer. Remitly may offer zero-fee promotions to eligible customers, subject to the offer's terms and conditions. Check the providers’ current quotes before sending. See ACE’s fee information and Remitly’s official UK-to-India service.
Exchange rate margin: ACE’s published pricing information lists exchange-rate spreads of 0.1%–1.5% for certain India transfer corridors. The applicable rate depends on the transaction details and may change. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
Additional charges: The sender's bank or card issuer may apply separate charges. International transfers to a Kerala Gramin Bank account may also involve intermediary or correspondent bank fees, depending on the transfer route.
Limits:
ACE Money Transfer sets per-transaction and daily limits based on your KYC tier and sending country. RBI compliance requirements apply to inward remittances, so always check the latest limits on ACE and confirm with your bank.
Safety tips:
Always use the correct recipient details, and don't send to unknown persons.
Verify that you are on the official ACE Money Transfer website or app before entering card or bank details.
Keep transaction reference numbers and digital receipts for future queries.
Both ACE Money Transfer and Kerala Gramin Bank follow regulatory and anti-money-laundering checks to protect customers and comply with Indian and international laws.
To send money abroad from India, customers are advised to visit their KGB branch for assistance, as outward remittance follows a different process under the Liberalised Remittance Scheme.
Can I send money directly to a Kerala Gramin Bank account from my bank overseas? Yes. You can arrange an international transfer through your overseas bank using the SWIFT network, following Kerala Gramin Bank’s official SWIFT remittance instructions, which provide details for routing transfers through Canara Bank. Alternatively, you can use an online service such as ACE Money Transfer to send money to an eligible bank account in India, subject to the available transfer options.
How long does an ACE Money Transfer deposit to Kerala Gramin Bank usually take? Delivery time depends on the sending country, payment method, payout option and any required verification. Check the estimated delivery time shown for your transaction before confirming. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
What information do I need to send money to a Kerala Gramin Bank account? You need the recipient's full legal name, KGB account number, the branch IFSC code, and optionally the branch name and address.
Are there fees when I send money to Kerala Gramin Bank via Ace, and how are exchange rates calculated? Fees depend on the amount and payment method and are shown upfront. Exchange rates include a small margin over the mid-market rate, also displayed before confirmation.
Is there a minimum or maximum amount I can send in one transfer? ACE sets minimum and maximum limits per transaction based on your country and verification level. Check the ACE platform for current thresholds.
Can my family withdraw the money in cash from any Kerala Gramin Bank branch or ATM? Yes. Once the INR amount is credited, the recipient can withdraw from any KGB branch or ATM using their debit card.
What should I do if my transfer to Kerala Gramin Bank is delayed or not credited? Contact ACE Money Transfer customer support and provide your transaction reference or tracking number. You can also contact Kerala Gramin Bank or visit the recipient’s branch to check whether the funds have arrived and whether any account verification or compliance requirements need to be addressed.
International transfers to a Kerala Gramin Bank account can be arranged through traditional bank channels or online money transfer services. Processing times, fees and exchange rates depend on the provider, payment method and transfer route. Before sending, compare the applicable charges, estimated delivery time, and the amount the recipient is expected to receive. Check live exchange rates at ACE Money Transfer before confirming your transaction. Rates and fees may vary.
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.
