What does remit mean?

To remit means to send money to someone in another country, usually as a payment or support. In finance, a remittance is a transfer of money by a foreign worker to their home country. In the UAE, remittance (remit) refers to money sent by expat workers — from Indian, Pakistani, Filipino, and other communities — back to their families. The UAE is the world's 3rd largest remittance-sending country, with over $43 billion sent abroad annually. remit.ae is the UAE's independent comparison platform for all CBUAE-licensed remittance providers.

What is remittance in UAE?

Remittance in UAE refers to money transferred by expatriate workers living in the UAE back to their home countries. The UAE sends over $43 billion in remittances annually, making it one of the world's largest remittance-sending nations. The most common corridors are UAE to India (AED to INR, ~$14B/yr), UAE to Pakistan (AED to PKR, ~$6B/yr), UAE to Philippines (AED to PHP, ~$3.5B/yr), and UAE to Bangladesh (AED to BDT, ~$2.5B/yr). All remittance providers in UAE must be licensed by the Central Bank UAE (CBUAE). Compare CBUAE-licensed providers at remit.ae.

Remitly AE (Remitly in the UAE) is a digital money transfer app available in the United Arab Emirates. It is licensed by CBUAE and allows UAE residents to send money internationally — particularly to India, Pakistan, Philippines, and other corridors. Remitly offers two speed options: Economy (1-3 business days, better rate) and Express (minutes, higher fee). Compare Remitly rates versus Al Ansari Exchange, LuLu Exchange, Wise and other UAE providers at remit.ae.

What does e-remit mean?

E-remit (electronic remittance) means sending money internationally through a digital or online platform, without visiting a physical exchange house or bank branch. In the UAE, e-remit services include apps like Wise, Remitly, and WorldRemit, as well as online banking transfer portals from UAE banks. E-remit is popular among UAE white-collar workers for bank-to-bank transfers. For cash pickup and walk-in services, UAE exchange houses like Al Ansari and LuLu Exchange remain the most used. Compare all UAE e-remit and exchange house rates at remit.ae.

What is the best money transfer app in UAE?

The best money transfer app in UAE depends on your destination and priority. Wise: best exchange rate (mid-market), transparent fees, ideal for bank-to-bank. Remitly: fastest delivery (minutes via Express), good for India/Pakistan/Philippines. WorldRemit: good for mobile wallet delivery. For walk-in cash transfers, UAE exchange houses (Al Ansari Exchange, LuLu Exchange, GCC Exchange) have 200+ branches across Dubai, Abu Dhabi, and Sharjah. All must be CBUAE-licensed. Compare current rates at remit.ae — always verify final rate with your provider.

What is the best way to transfer money from UAE to India?

The best way to transfer money from UAE to India (AED to INR) depends on your priority. For the best exchange rate: Wise (mid-market rate). For walk-in with cash: Al Ansari Exchange or LuLu Exchange (200+ UAE branches each). For fastest delivery: Remitly Express (minutes). UAE exchange houses are generally competitive for amounts over AED 1,000. Compare current AED to INR rates from all CBUAE-licensed providers at remit.ae — always verify final rate directly with your provider before sending.

Which is the cheapest money transfer from UAE to India?

The cheapest money transfer from UAE to India changes daily as exchange rates fluctuate. Wise typically offers the mid-market AED to INR rate with a small transparent fee. Al Ansari Exchange and LuLu Exchange are often competitive for larger amounts (AED 1,000+) with zero transfer fees but a small FX margin. Compare all providers' total cost — rate plus fee — at remit.ae. Always verify the final rate with the provider before sending.

Is remit.ae a money transfer service?

No. remit.ae is an independent editorial comparison platform — not a money transfer service. We do not transfer money, hold funds, or act as a financial institution. remit.ae compares live rates and fees from CBUAE-licensed providers including Al Ansari Exchange, LuLu Exchange, GCC Exchange, Wise, Remitly, Western Union, and others. Always send money directly through the licensed provider you choose.

What is WPS and how does it affect money transfers from UAE?

WPS (Wage Protection System) is a UAE Central Bank mandatory system requiring all UAE employers to pay salaries electronically between Day 24-28 of each month. After WPS salary credit, demand at UAE exchange houses spikes sharply as workers send money home. Al Ansari Exchange and LuLu Exchange branches in Dubai and Abu Dhabi can have long queues during WPS week (Days 24-28). Digital apps like Wise and Remitly avoid queues. remit.ae tracks WPS timing to help UAE workers compare providers during peak remittance periods.

UAE → India (Federal Bank)

Send Money to Federal Bank from UAE (2026 Guide)

Federal Bank is Kerala's most prominent private sector bank and has one of the most developed UAE remittance pipelines of any Indian bank — built specifically for the enormous Malayali expat community in the Gulf. With its FedRemit service and partnerships with UAE exchange houses, Federal Bank has embedded itself deeply into the UAE-to-India corridor. This guide covers everything you need to know.

AED to INR:Compare live rates →All providers

Updated June 2026·remit.ae Editorial Team·5 min read

Federal Bank SWIFT Code

FDRLINBB — Federal Bank's SWIFT/BIC code. Note: for retail IMPS transfers, you only need the account number + IFSC code (starts with FDRL followed by the branch code).

Quick answer

Best for Federal Bank from UAE: Wise (best AED/INR rate), Remitly (fast), or Federal Bank's own FedRemit service (popular with Kerala expats — excellent for Federal Bank account holders). You need the Federal Bank account number + IFSC code.

Which UAE Providers Support Federal Bank?

Provider	Supports Direct Deposit	Delivery Time	Notes
Wise	Yes	Within minutes (IMPS)	Best AED/INR mid-market rate
Remitly	Yes	Minutes (Express)	Fast, popular choice
WorldRemit	Yes	Within minutes	Competitive for smaller amounts
Al Ansari Exchange	Yes	Same day / next day	Walk-in branches, popular with Keralites
FedRemit (Federal Bank)	Yes (Federal Bank accounts)	Same day	Federal Bank's own UAE service — best for FB holders

FedRemit — Federal Bank's UAE Remittance Service

FedRemit is Federal Bank's purpose-built UAE-to-India remittance product, created for the Gulf NRI community:

Coverage: Available at authorized UAE exchange houses including Lulu Exchange, UAE Exchange, and others — widely accessible across Dubai, Abu Dhabi, Sharjah.
Speed: Same-day credit to Federal Bank accounts in India (during banking hours).
Any Indian bank: FedRemit can send to other Indian banks too, not just Federal Bank — though credits to Federal Bank are fastest.
Mobile App: Federal Bank's FedMobile app supports NRI remittances. UAE residents can initiate transfers via the app.
Rate check: Always compare FedRemit's AED/INR rate against Wise before sending — even if FedRemit is convenient, Wise often offers a 0.3–0.5% better rate.

Federal Bank NRI Accounts

FedNRI Account (NRE): Fully repatriable savings in INR. Tax-free interest. Popular with Kerala expats in UAE for monthly salary remittances.
NRO Account: For Indian-sourced income. Taxable interest. Up to USD 1 million repatriable per year post-tax.
FCNR(B) Deposits: Fixed deposits in AED, USD, GBP, EUR. Protects against INR volatility. Fully repatriable.
Federal NRI Demat Account: For NRI investment in Indian equity markets.

Frequently Asked Questions

Can I send money from UAE to Federal Bank?

Yes. Federal Bank is very well connected to the UAE remittance ecosystem. Wise, Remitly, WorldRemit, and Al Ansari Exchange all support direct deposits to Federal Bank India. Federal Bank also operates its own FedRemit service specifically designed for UAE-to-India transfers, popular with Kerala expats.

What is Federal Bank SWIFT code?

Federal Bank's SWIFT/BIC code is FDRLINBB. For branch-specific international wires, an 11-character variant applies. For IMPS retail transfers, you only need the account number and IFSC code — not the SWIFT code.

What is FedRemit and how does it work from UAE?

FedRemit is Federal Bank's dedicated UAE-to-India remittance service, specifically built for the large Malayali expat community in the Gulf. UAE residents can use FedRemit via authorized exchange houses in the UAE. It offers same-day credit to any Federal Bank account in India. Compare FedRemit's AED/INR rate with Wise before using.

Compare AED to INR rates now

Live rates from providers supporting direct deposit to Federal Bank. No paid rankings.

Compare AED to INR →

AED to INR rates Compare all providers Send money UAE to India Wise UAE to India Remitly UAE to India

Rates are indicative. Verify with provider before sending. remit.ae is an independent comparison platform operated by Stack Jewels LLC. We do not transfer money or hold funds. FedRemit availability and rates subject to change — verify with Federal Bank or your exchange house before initiating a transfer.