Outward Remittances


Tamilnad Mercantile Bank offers various outward forex remittance service through a global tie up with many international banks spread across the globe. Through these correspondent banks, funds can be transferred to any account anywhere globally from your account with us.

Any person / resident in India is permitted to make the following outward remittances in foreign exchange:

Remittance Type

Amount (USD)

Business Trip





Studies Abroad

Tourism / Year



Gift/Donation per Remitter/Donor

Medical treatment abroad


  • Above stipulations are as per the rules and guidelines of RBI and are subject to change without notice. Please consult your auditor for further clarifications.


  • Swift - It is a secured and fast means of effecting a outward remittances.
  • Demand Draft - We can issue USD Demand drafts on our USD correspondent listed herewith towards your remittances.

The person’s who intend travelling abroad may approach our branches for purchase of our own multicurrency prepaid travel cards. We are offering competitive rates for the sale of multicurrency prepaid travel cards.

Students going abroad :

Click Here if you are a student and plan to go abroad for further studies. We have attractive offers for students going abroad.