These are funds received from overseas or locally for the credit of our customers accounts. It may be a cash gift received from a parent abroad, funds for investment in Mauritius (FDI), insurance claims received or even export proceeds on open account basis
Outward remittances
Outward remittances are payments effected abroad or locally on behalf of our customers by either telegraphic transfer through SWIFT or issue of bank drafts.Such payments are effected for educational purposes, cash gifts, medical purposes, subscriptions, personal transfers, imports , investment abroad, etc