The Aasaan Remittance Account is specifically designed for home remittance senders and recipients, offering them a reliable alternative to traditional cash transactions or informal money transfers like Hawala Hundi. This service caters to a diverse range of individuals, including skilled and unskilled workers, farmers, those with limited education, laborers, homemakers, self-employed individuals, retirees, and young adults.
Cash Withdrawal Limit per Day Rs. 500,000
Funds Transfer to any Other Account Rs. 500,000
Maximum Credit Balance Limit Rs. 3,000,000
These accounts shall be opened without any initial deposit. However; there shall be no minimum balance requirement on these accounts. No service charges are applicable at the time of opening and closing of an account.