Important notes and restrictions
Transfer limits: Up to $15,000 per transaction(except for UPI); up to $30,000 month.
Each customer must have their own individual account to use this service.
Transfers to Corporation Bank and Syndicate Bank are now replaced with transfers to UNION Bank or CANARA Bank due to bank mergers. Ask your bank for the new IFSC code.
Neema offers service to all banks in India via real-time processing using the official RBI (Reserve Bank of India) remittance platform called MTSS (Money Transfer Service Scheme).
Sending to bank accounts
Required information of the beneficiary:
Bank account in India linked to the beneficiary.
First-time receiver steps:
No special registration steps required for the receiver beyond having a bank account linked to their mobile number.
Fee:
Up to $100: $2.99
$100.01 to $2,500: $3.99
$2,500.01 to $5,000: $6.99
Over $5,000: $9.99
Transaction limit:
Single transaction limit: Up to $15,000.
Daily/Monthly limit: Up to $30,000.
Transfer time:
In more than 95% of cases, the transfer takes no more than 5 minutes.
Most transfers take no more than 1 hour, and no more than 24 hours.
Transaction currency:
INR (Indian Rupee)
Additional information:
If 24 hours have passed, check if there is a national holiday in India before contacting customer support
Sending to digital wallets
UPI - Unified Payments Interface
Required information of the beneficiary:
A bank account in India linked to a mobile number and registered with UPI.
UPI transactions can be initiated through apps such as Google Pay, PhonePe, Paytm, BHIM, and others.
First-time receiver steps:
NRIs can use their international mobile numbers to activate UPI by linking them to their NRE or NRO accounts.
Fee:
Up to $100: $2.99
$100.01 to $2,500: $3.99
$2,500.01 to $5,000: $6.99
Over $5,000: $9.99
Transaction limit:
Maximum of ₹100,000 per transaction when using UPI.
Transfer time:
In more than 95% of cases, the transfer takes no more than 5 minutes.
No more than 24 hours.
Transaction currency:
INR (Indian Rupee)