NRIs Now Can Use UPI For Instant Remittances To India – Here’s How
Faster Money Transfers for NRIs
Non-Resident Indians (NRIs) can now enjoy significantly quicker money transfers to India, thanks to the National Payments Corporation of India (NPCI) expanding UPI services for NRE and NRO account holders.
Instant Transactions via UPI
NRIs can now perform instant transactions using UPI linked to their international mobile numbers, streamlining the remittance process from their smartphones.
Linking Your International Mobile Number
To access UPI services, NRIs must link their international mobile numbers to their bank accounts, facilitating seamless transactions.
Download UPI App
After linking their mobile number, NRIs should download a UPI-powered application that supports international mobile numbers and complete the onboarding process.
Supported UPI-Powered Apps
NRIs can choose from several UPI-enabled apps to facilitate transactions, including: Federal Bank (FedMobile), ICICI Bank (iMobile), IndusInd Bank (BHIM Indus Pay), South Indian Bank (SIB Mirror+), AU Small Finance Bank (BHIM AU) BHIM PhonePe
Banks Allowing International Number Linkage
Several banks are now supporting the linkage of international mobile numbers for UPI transactions, including: Axis Bank, Canara Bank, City Union Bank, DBS Bank Ltd, Equitas Small Finance Bank, Federal Bank, HDFC Bank, ICICI Bank
Enhanced Accessibility
The expansion of UPI services to NRIs greatly enhances accessibility for those wishing to transfer money to India without the delays typically associated with traditional wire transfers.
User-Friendly Process
The process is designed to be user-friendly, allowing NRIs to complete transactions quickly and efficiently from their smartphones.