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 (Yes Bank)

Send Money to Yes Bank from UAE (2026 Guide)

Yes Bank is India's leading private sector bank, founded in 2004 and headquartered in Mumbai. Known for its technology-forward approach, Yes Bank offers dedicated NRI banking services and accepts international remittances from UAE via all major platforms. SWIFT code: YESBINBB.

AED to INR:Compare live rates →All providers

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

Yes Bank Details

SWIFT/BIC: YESBINBB

Full name: Yes Bank Limited

HQ: Mumbai, Maharashtra, India

Type: Private sector bank

NRI Services: NRE, NRO savings accounts available

Quick answer

Best for Yes Bank from UAE: Wise (most cost-efficient, direct IMPS/NEFT to Yes Bank), Remitly Express (fastest delivery), WorldRemit (good alternative). Use SWIFT YESBINBB for bank wire transfers. Yes Bank's YES Mobile app lets NRI recipients track incoming transfers.

Which UAE Providers Support Yes Bank Deposits?

Provider	Yes Bank Deposit	Speed	Note
Wise	Yes	1–2 business days	Best rate, mid-market pricing
Remitly	Yes	Minutes–1 day	Express for urgent transfers
WorldRemit	Yes	1–2 business days	Competitive AED to INR rates
Al Ansari Exchange	Yes	Same / next day	In-branch or app-based

How to Send Money to Yes Bank from UAE

Compare rates on remit.ae

Check live AED to INR rates. Yes Bank accepts IMPS/NEFT from all major platforms — Wise typically offers the best rate.

Get Yes Bank account details

Ask your recipient for their Yes Bank account number and IFSC code (format: YESB0XXXXXX). For SWIFT transfers: YESBINBB.

Select bank deposit

Choose 'Bank Deposit' or 'Bank Transfer'. Enter the Yes Bank account number and IFSC. Double-check — errors delay transfers.

Confirm rate and pay

Lock in the AED to INR rate. Pay via UAE bank transfer or debit/credit card. Save your transaction reference.

Yes Bank credits the account

IMPS/NEFT credits are near-instant once received. Wise and Remitly typically deliver within 1–2 business days.

Yes Bank NRI Services

Service	Details
NRE Savings Account	Tax-free interest in India, fully repatriable
NRO Savings Account	For income earned in India (rental, dividends)
YES Mobile for NRI	Manage accounts, view inward remittances, transfer funds
YES PAY Wallet	Receive and use funds within India

Frequently Asked Questions

What is the SWIFT code for Yes Bank?

Yes Bank's SWIFT/BIC code is YESBINBB. For specific branches, a 3-character suffix may apply. Always confirm with your recipient or Yes Bank customer support before initiating an international wire transfer.

Does Yes Bank accept international transfers from UAE?

Yes. Yes Bank accepts international remittances via SWIFT and through partnered remittance platforms. Wise, Remitly, and WorldRemit all support direct bank deposits to Yes Bank accounts. Yes Bank also offers NRE and NRO accounts for Indian expatriates.

How long does a UAE to Yes Bank transfer take?

Via online remittance platforms (Wise, Remitly), Yes Bank credits appear within 1–2 business days. Direct SWIFT transfers from UAE banks may take 2–3 business days. For fastest delivery, Remitly Express typically processes within hours.

Compare AED to INR rates now

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

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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.