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1
What is Transwire?
Transwire is a digital platform for outward remittances powered by Transcorp, an RBI-authorised AD-II license holder.
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Who can use this service?
Any Indian resident needing to send money abroad for personal, educational, or medical purposes.
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Is Transwire RBI-approved?
Yes, Transwire is managed by Transcorp, a licensed AD-II entity regulated by the Reserve Bank of India.
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What can I send money for?
For education, medical bills, travel, family support, and other RBI-approved purposes under the LRS.
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How long does it take?
Same-day transfers if processed before 3 PM IST; otherwise, by the next business day.
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Is the service fully online?
Yes, Transwire is a 100% digital platform with optional branch support.
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What documents are needed?
PAN, valid ID, beneficiary details, and proof of purpose (invoice, admission letter, etc.).
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How much can I remit yearly?
Up to USD 250,000 per individual per financial year under the Liberalised Remittance Scheme.
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Can I track my transfer?
Yes, real-time tracking is available through your Transwire account dashboard.
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10
Are there hidden charges?
No, Transwire offers full transparency with competitive forex rates and no hidden fees.
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Is it safe to use Transwire?
Yes, Transwire uses secure technology and complies with RBI data protection standards.
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12
Which currencies are supported?
Transwire supports major global currencies like USD, GBP, EUR, AUD, and more.
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Can students use this for fees?
Yes, students can pay tuition, accommodation, and living expenses directly through Transwire.
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Do I need to visit a branch?
Not required. The process is fully online, but offline support is available if needed.
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How do I get help?
Reach us via WhatsApp, call, or email—support is available 24×7.