One who remits., One who pardons., One who makes remittance., The sending or placing back of a person to a title or right he had before; the restitution of one who obtains possession of property under a defective title, to his rights under some valid title by virtue of which he might legally have entered into possession only by suit.
NRI Remittances are money transfer back to India as done by Non-Resident Indians living abroad (i.e. outside India). These remittances are sometimes called workers remittances or home remittances.
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invoice numbers, invoice amounts and text notes are included on a remittances advice.
Dilip Ratha has written: 'South-south migration and remittances' -- subject(s): Emigrant remittances
The purpose of remittances is to do a cross-border money transfer. Foreign or migrant workers working in another (host) country routinely send money back home to their family (usually referred to as the country of origin). These payments are usually for family maintenance purposes, etc. Such payments in the banking world are called remittances or migrant remittances. A lot many countries thrive on such remittances. Examples are India, Pakistan, Bangladesh, Philippines, etc.
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Jayasri Ray Chaudhuri has written: 'Migration and remittances' -- subject(s): Economic conditions, Migrant remittances, Rural-urban migration
Remittances in Pakistan are those inward money transfers received from Pakistani migrant workers who are working outside of Pakistan (usually in the GCC or US/Canada, UK, EU, AUS/NZ, etc.) These inward money transfers (which are usually monthly) for purposes of family maintenance are deemed remittances.
State Bank of Pakistan (the central bank) publishes the home-remittance figures. The data of foreign home remittances can be seen in the link on related links.
The largest source of foreign exchange in the Philippines is the remittances sent by Overseas Filipino Workers (OFWs). These remittances significantly contribute to the country's economy, providing a vital source of income for many families and supporting local businesses. In recent years, remittances have consistently outpaced other sources of foreign exchange, such as tourism and foreign direct investment. This reliance on remittances underscores the importance of the Filipino diaspora in the national economy.
India receives the largest total amount of remittances in the world, with billions of dollars being sent back to the country by individuals working abroad. Remittances play a significant role in India's economy by contributing to foreign exchange reserves and supporting the livelihoods of many families.
Rick Chaney has written: 'Regional emigration and remittances in developing countries' -- subject- s -: Emigrant remittances, Emigration and immigration, History, Portuguese Alien labor