Everything you need to know before you transfer money overseas

An outward remittance is when money is sent abroad from the resident country to any overseas country. You can send money abroad to a beneficiary for various purposes including maintenance of close relatives abroad, medical treatment abroad, education abroad and private visits.

As per the RBI, Under the Liberalized Remittances Scheme (LRS) every Indian resident can send up to USD 2,50,000 in a financial year. An individual can remit multiple times during the year for various purposes permitted under the LRS limit. However, the total amount of all such transactions must not exceed USD 2,50,000 in a FY.

You can cancel the transfer on the dashboard, but you cannot modify the transfer. In case you have any other query, you can always write to us at care@moneyhop.co or call us at +91-6364001001.

It will take anywhere between 24 to 48 working hours.

• Please check that the name provided by you in documents uploaded for proof of identity and proof of address is the same.
• Please check if the mobile number is linked with your AADHAR, in case you have uploaded the same as proof of address.
• If proof of address is a passport - Verification will be completed if the passport is issued in India.
• In case you have any other query, you can always write to us at care@moneyhop.co or call us at +91-6364001001.

The following are considered to be close relatives:

• Members of HUF (Hindu Undivided Family)
• Husband & Wife
• Father (Provided that the term “Father” includes step-father)
• Mother (Provided that the term “Mother” includes the step-mother)
• Son (Provided that the term “Son” includes the step-son)
• Son’s wife
• Daughter
• Daughter’s husband
• Brother (Provided that the term “Brother” includes the step-brother)
• Sister (Provided that the term “Sister” includes the step-sister)

We will keep you updated with the information related to your transactions or payment status on your registered email id. You can also check the status of your transaction in the dashboard.

PAN card is the mandatory document as proof of identity. Any one of the following (Aadhar, Passport, Voter ID, Driving License) can be provided as the proof of address. Document verification will be performed real time.

HOPRemit sends you various information related to your transaction or payment status on your registered email id and mobile number. You can also check the status of the transaction on your Remit dashboard. In case you have any other query, you can always write to us at care@moneyhop.co or call us at +91-6364001001.

If you choose to pay via debit card, you may be levied additional charges anywhere in the range of 1.25% to 2.5%. Please note that the additional charges on payments via debit card are levied by the payment gateway and not by moneyHOP.

You can cancel the transaction from the Hop dashboard post logging into your Hop- Remit Account. Alternatively, you can also call us at +91-6364001001 and request the customer support executive to cancel the transaction post-identity verification.

We have NEFT (Bank transfers), Net Banking, Debit card and UPI as the payment modes for the fund transfer. Any one of the following can be used.

As per RBI regulations, you can transfer up to INR 1 lakh via UPI. In case you intend to transfer more than INR 1 lakh, then you can select Net banking or Debit card as the mode of payment. You can also make a direct wire-transfer from your bank account to the account number displayed on the HOPRemit payment page in 3 working hours after creating the transaction.

You can send money abroad with 4 easy steps:

• Location - Select the location you want to send the money and enter the amount
• Document Verification - For the first time users only, upload your Proof of Identity and proof of address for real-time verification.
• Recipient - Select or Add recipient’s Account details.
• Payment - Choose the payment mode as per your convenience and transfer the funds.