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 (Punjab National Bank)

Send Money to Punjab National Bank from UAE (2026 Guide)

Punjab National Bank (PNB) is India's second-largest public sector bank and one of the most popular choices among Punjabi expats in the UAE. With branches across India and dedicated NRI services, PNB is a reliable destination for AED to INR remittances. SWIFT code: PUNBINBB.

AED to INR:Compare live rates →All providers

Updated June 2026·remit.ae Editorial Team·6 min read

PNB Bank Details

SWIFT/BIC: PUNBINBB

Full name: Punjab National Bank

HQ: New Delhi, India

NRI Services: NRE, NRO, FCNR accounts available

Quick answer

Best for PNB from UAE: Wise (mid-market rate, bank deposit), Remitly (fast, competitive rates), and Al Ansari Exchange (cash or online to PNB). Use SWIFT code PUNBINBB for bank wires. PNB also offers PNB One app for NRI account management.

Which UAE Providers Support PNB Deposits?

Provider	PNB Deposit	Speed	Note
Wise	Yes	1–2 business days	Mid-market rate, low fees
Remitly	Yes	Minutes–1 day	Express or Economy options
WorldRemit	Yes	1–2 business days	Good AED to INR rates
Al Ansari Exchange	Yes	Same / next day	Cash or online transfer

How to Send Money to PNB from UAE

Choose a provider

Compare Wise, Remitly, or Al Ansari Exchange for best AED to INR rate. Wise gives the mid-market rate; Remitly Express is fastest.

Enter recipient PNB details

You need: recipient's full name (as on PNB account), PNB account number, IFSC code (branch-specific), and SWIFT code PUNBINBB for international wires.

Verify the exchange rate

INR rates fluctuate daily. Lock the rate in the app before confirming. Compare at /aed-to-inr for the best current rate.

Complete KYC if required

First-time users need Emirates ID or passport. UAE-based providers comply with CBUAE AML rules.

Send and track

Most providers send an SMS/email confirmation. PNB credits within 1–2 business days for online remittances.

PNB NRI Services Overview

Account Type	Currency	Best For
NRE Account	INR	Repatriable savings — interest tax-free in India
NRO Account	INR	India-sourced income (rent, dividends)
FCNR Account	Foreign currency	Fixed deposits in AED, USD, GBP, etc.

Frequently Asked Questions

What is the SWIFT code for Punjab National Bank?

Punjab National Bank's SWIFT/BIC code is PUNBINBB. Branch-specific codes add a 3-character suffix (e.g., PUNBINBBDEL for Delhi). Always confirm the branch SWIFT code with your recipient or PNB directly before initiating a wire transfer.

Can I send money from UAE to PNB NRI account?

Yes. PNB offers NRE (tax-free, repatriable) and NRO (for India-sourced income) accounts. Use Wise, Remitly, or WorldRemit for online transfers to PNB NRI accounts. For large amounts, bank wire via your UAE bank directly to PNB SWIFT PUNBINBB is also reliable.

How long does a transfer from UAE to PNB take?

Online remittance services (Wise, Remitly) typically credit PNB accounts within 1–2 business days. SWIFT wires via UAE banks take 1–3 business days. Al Ansari Exchange cash-to-bank transfers usually arrive same day or next business day.

Compare AED to INR rates now

Live rates from providers supporting PNB and all Indian bank deposits. No paid rankings.

Compare AED to INR →

Send money UAE to India Compare all providers AED to INR live rates

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. SWIFT codes and bank details should be confirmed with the recipient's bank before initiating transfers.