Sample Remittance Letter
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Amsterdam, 16th September 2001
To: Mykia Furniture
(address)
Dear Sir,
We thank you for your consignment of garden furniture on the 15th September 2001, the goods have been received in good condition.
We enclose a cheque for EUR €1000 ( EUR One Thousand Only), in full settlement of account towards supply of goods as per your invoice number 82615.
Please acknowledge the receipt of the above mentioned cheque and credit us with the amount. Thanking you in advance.
Sincerely yours,
(signature)
(name)
(position)
Read more: Gives_some_examples_of_remittance_letter
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.
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.
What are the requirement to get the8v ofw remittances.?
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
explain how to deal with remittances letter
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.
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
The amount of foreign remittance that Pakistan receives is published by the central bank of Pakistan, i.e. State Bank of Pakistan. Remittances are looked after PRI (Pakistan Remittance Initivative). The official website of PRI is www.pri.gov.pk, whilst the SBP published figures for remittances can be seen at: http://www.sbp.org.pk/ecodata/Homeremit.pdf