What Is A Intermediary Bank In NRI Transfers?

NRIs sending money or engaging in cross-border trade with India involves moving billions of dollars every day. But behind every international transaction, there is a streamlined network of financial institutions that collaborates to route and settle your money securely. 

This happens because, in many cases, your bank and your client's bank in India may not have a direct relationship; therefore, a third-party bank helps bridge this gap by moving funds between countries. These bridges, known as intermediary banks, play a crucial role in the NRI global payment process.