Wasel exchange provides electronic remittance facilities to all bank accounts in India. The remittances are credited within 4 to 12 hours in normal working days.

The exchange has correspondent banking relationships with 1) Federal Bank 2) Indian Overseas bank 3) Punjab National bank.

Immediate Credit: Immediate credit to the following bank accounts are afforded through NEFT/IMPS

Federal Bank Kotak Mahindra Bank Union Bank of India Axis Bank Andhra Bank Canara Bank HDFC Bank

Indian Overseas Bank Yes Bank Bank of Baroda Corporation Bank Central Bank Of India Catholic Syrian Bank Punjab National Bank

SMS is sent to the sender from the exchange as well as from the processing bank.