RTGs
Need to send money from Bhutan to India?
Fund Transfer to India – Fast, Secure & Reliable
Need to send money from Bhutan to India? T Bank Ltd. offers convenient fund transfer services through TT/RTGS (SBI and Non-SBI), ARD, and SWIFT, ensuring your money reaches its destination quickly and securely.
We work closely with our correspondent banks in India to facilitate smooth cross-border transactions for:
1. Transactions for Import of Goods
Documents required:
- Bank form;
- Pro-forma Invoice & Commercial Invoice/Tax Invoice from the Supplier stating the value, the c.i.f. value of the goods to be imported and the account details of beneficiary (should be the importer’s account);
- Import license or any other document issued in lieu of an import license for import from third country;
- Customs declaration form issued by DRC, MoF;
- Any other documents required by the Bank
2. Freight and Transportation Cost
Documents required:
- Bank form;
- Invoice specifying the amount and account number of the beneficiary (service providers account);
- Copy of import license or any document issued in lieu of import license by the Ministry of Industry, Commerce and Employment for import from third country via sea;
- Any other documentary evidence required by the Bank.
3. Passenger Travel Expenses
Documents required:
- Bank form;
- Invoice specifying the particulars of traveler such as name, passport/CID number, date of travel and amount of fare collected, beneficiary account number (service providers account);
- For Bhutanese travel or ticketing agent, a copy of a valid ticketing license/copy of tender awarded to the ticketing agent in case of Royal Government of Bhutan and other agencies; and
- Any other documentary evidence required by the Bank.
4. Official Travel Expenses
Documents required:
- Authorization letter from respective agencies specifying details of travel including name of officials, duration, country of travel, and payment details;
- Authorization to debit agency’s account maintained with the Bank or by way of a cheque drawn by the agency on such account;
- For related cost, relevant documents specifying the amount and beneficiary account number;
- Any other documentary evidence required by the Bank.
For foreign diplomats/embassy officials, they will be required a forwarding letter from their diplomatic mission office stating the individual is traveling abroad
5. Family Remittance
Document required:
- Bank form;
- Work Permit / Diplomatic Card / Service Card or any other employment permit/document issued by the RGOB for foreign workers in Bhutan;
- Pay Slip/Payroll Statement/Salary statement/Contract Agreement for expatriates and foreign workers;
- Letter from NPPF or RICBL or any relevant government agency for remittance of retirement benefits;
- For remittances related to foreign workers abroad, approval letter from relevant government agencies (MoICE/MoF) and amended thereto; and
- Any other documentary evidence required by the Bank.
6. Business Travel Expenses
Travel abroad by resident, for carrying on registered business activity in Bhutan or employed by a Bhutanese firm, company or organization, for purposes associated primarily with the business such as export promotion, market study, attending
Documents required;
- Authorization letter from respective business specifying details of travel including name of officials, duration, country of travel, and payment details;
- Authorization of travel by respective agency such as Tourism Council of Bhutan for tour operators, Bhutan Chamber of Commerce and Industries for private business firm, company or organization or any other documentary proof of business-related travel for INR & USD cash only;
- Authorization to debit business account maintained with the Bank or by way of a cheque drawn by the agency on such account;
- For related cost, relevant documents specifying the amount and beneficiary account number; and
- Any other documentary evidence required by the Bank.
7. Educational expenses
To the educational institution or service provider’s account for tuition, course fees, and other educational fees; or
Documents required;
- Bank form;
- For remittance of related cost, relevant documents (invoice for tuition/course fees/rent/mess fees and other educational expenses) for specifying the amount and educational institutions / service provider’s account number;
- Acceptance/letter of admission/Valid student card for continuing student;
- Any other documentary evidence required by the Bank.
8. Medical or travel-related transfers
Documents required;
- Bank form;
- Forwarding letter from RBE, CG or LO;
- Recommendation letter from JDWNRH or previous medical documents / appointment letter,
- For remittance of related cost, relevant documents (invoice for medical related costs) specifying the amount and medical institutions account number; and
- Any other documentary evidence required by the Bank.
9. Payment for other services
Residents may make payment in foreign currency to pay for the following services upon submission of the documentary evidence:
- Telecommunication services related fees;
- Computer services related fees;
- Information services related fees;
- Charges use for intellectual fees;
- Travel Service (Visa fee);
- Professional Service Fees (Research and Development, Legal, Consultancy, Marketing, Advertising, Accounting, Management, Membership, Publication, Lab test, etc.)
- All other legitimate service-related fees that comply with documents required under section c; and
- Any other fee determined to be bona fide by the RMA.
Documents required:
- Bank form;
- Invoice for all fees; or A copy of contract agreement where applicable; and
- Any other documentary evidence required by the Bank.
Depending on the transfer type and amount, you may be required to submit supporting documents. Please visit our nearest T Bank Ltd. branch for assistance and to learn more about the required documentation.
Charges for Transferring Funds to India
Mode & Bank | Transaction Amount (INR) | Charges for TT/RTGS to SBI |
|---|---|---|
TT/RTGS – Transfers to SBI Bank | Up to Nu. 100,000 | Nu. 35 |
Nu. 100,001 – Nu. 1,000,000 | Nu. 2 per Nu. 1,000 (Min Nu. 35, Max Nu. 2,000) | |
Above Nu. 1,000,000 | Nu. 1.75 per Nu. 1,000 (Min Nu. 2,000, Max Nu. 15,000) | |
TT/RTGS – Non-SBI Bank Transfers | Up to Nu. 100,000 | Nu. 35 + Nu. 25 = Nu. 60 |
Nu. 100,001 – Nu. 200,000 | Nu. 2 per Nu. 1,000 (Min Nu. 35, Max Nu. 2,000) + Nu. 14.16 | |
Nu. 200,001 – Nu. 1,000,000 | Nu. 2 per Nu. 1,000 (Min Nu. 35, Max Nu. 2,000) + Nu. 23.60 | |
Above Nu. 1,000,000 | Nu. 1.75 per Nu. 1,000 (Min Nu. 2,000, Max Nu. 15,000) + Nu. 23.60 | |
TT/RTGS – Axis Direct Remit (ARD) Transfers | Up to Nu. 100,000 | Nu. 35 + Nu. 25 = Nu. 60 |
Nu. 100,001 – Nu. 1,000,000 | Nu. 2 per Nu. 1,000 (Min Nu. 35, Max Nu. 2,000) + Nu. 25 | |
Above Nu. 1,000,000 | Nu. 1.75 per Nu. 1,000 (Min Nu. 2,000, Max Nu. 15,000) + Nu. 25 | |
Swift Transfer (Outward Remittance) | Any Amount | 0.20% of the transfer amount (Minimum Nu. 500) + Transmission Charges of Nu. 500 |
Important:
To initiate a fund transfer, please complete the application process on the BTFN portal before visiting the bank.
Inward Fund Transfers
To transfer money to T Bank Ltd. from India, please request your bank to remit the funds via T Bank Ltd.’s designated correspondent banks as outlined below.
1. Axis Bank Ltd.
Branch: Siliguri Branch, West Bengal, India
IFSC Code: UTIB0000035
SWIFT Code: AXISINBB
Account Number: 910020017480903 (T Bank Ltd., TCC Complex, Thimphu)
Currency: INR
Payment Type: All Payment Types
Ultimate Beneficiary Details
- Name:
- Account Number:
- Address:
2. State Bank of India
Branch: Hasimara Branch, West Bengal, India
IFSC Code: SBIN0001447
SWIFT Code: SBININBB
Account Number: 31772947757 (T Bank Ltd., TCC Complex, Thimphu)
Currency: INR
Payment Type: All Payment Types
Ultimate Beneficiary Details
- Name:
- Account Number:
- Address:
3. HDFC Bank Ltd.
Branch: Mumbai Branch, India
IFSC Code: HDFC0000060
SWIFT Code: HDFCINBB
Account Number: 00600390000657 (T Bank Ltd., TCC Complex, Thimphu)
Currency: INR
Payment Type: All Payment Types
Ultimate Beneficiary Details
- Name:
- Account Number:
- Address:
For a smooth and timely transaction, ensure that the correct correspondent bank details are used when initiating the remittance.
