Frequently Asked Questions
The DirectRemit limits are structured to cater to different banking tiers. The minimum amount for a transfer is AED 100. For Personal Banking, the maximum remit limit is capped at AED 200,000. Priority Banking customers can transfer up to AED 400,000. Those in Private Banking have a higher limit, with a maximum transfer amount of AED 500,000.
DirectRemit transfers allow individuals or businesses to send money directly to a recipient's bank account across borders. Via DirectRemit, fast and secure international money transfers can now be completed easily. The funds can be used for remittances, paying suppliers, or other financial transactions.
Receiving a remittance as a gift from a relative is free from tax. Conversely, if the gift surpasses ₹50,000 and comes from a non-relative, it is taxable. For tax purposes, relatives include immediate family members such as parents, siblings, spouse, children, and their spouses, and any lineal ascendants or descendants. Gifts from these individuals are not subject to tax, regardless of the amount.
*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.