Q: How to send money to India without visiting the Branch?
A: You will have to visit us once for opening an account with us. Thereafter, for remitting money to India, please follow the below steps:
1. Kindly visit our website www.barodanzltd.co.nz and click on Remittance tab.
2. Download the remittance form.
3. Fill up the remittance form and sent it to us via fax (0064-9-6385082) or email (email@example.com) from your registered email address for processing. On processing of your remittance request, you will be receiving a confirmation through SMS. To avail this facility , please ensure that you have activated your SMS alert feature present under Internet Banking. Please note at present this facility is being provided without any charges.
Q: What is maximum/minimum amount that I can remit to India?
A: There is no maximum/minimum limit on remittance amount.
Q: How long does it take to receive funds in India?
A: Funds are received by the beneficiary on same day. In case of bank holiday in India it will be credited in next working day.
Q: Do I have to provide the souce of funds being remitted?
A: Yes, whenever asked in view of AML/CFT Act 2009, you will have to provide documents acceptable to the Bank evidencing original source of funds being remitted. In the absence of it, Bank can refuse from making the remittance.