{"id":3303,"date":"2026-02-26T00:08:38","date_gmt":"2026-02-26T00:08:38","guid":{"rendered":"https:\/\/mymahotsav.com\/knowledgebase\/?post_type=docs&p=3303"},"modified":"2026-02-26T00:08:38","modified_gmt":"2026-02-26T00:08:38","password":"","slug":"international-fund-transfer-policy","status":"publish","type":"docs","link":"https:\/\/mymahotsav.com\/knowledgebase\/docs\/policy-hub\/crowdfundings\/international-fund-transfer-policy\/","title":{"rendered":"International Fund Transfer Policy"},"content":{"rendered":"

Module:<\/strong>\u00a0CrowdFunding (Utsavdaan\u2122)
\nDocument Type:<\/strong>\u00a0Hybrid \u2014 Plain English + Legal Reinforcement
\nTrademark:<\/strong>\u00a0UTSAVDAAN\u2122 is a registered trademark of MyMahotsav Futuretech Ltd
\nJurisdictions:<\/strong>\u00a0Global (with multi-currency addendums)
\nVersion:<\/strong>\u00a01.0
\nEffective Date:<\/strong>\u00a0[INSERT DATE]<\/p>\n

\n

\ud83d\udccb PART A: PLAIN ENGLISH SUMMARY<\/h2>\n

Sending Money Across Borders<\/h3>\n

UTSAVDAAN\u2122 connects donors and beneficiaries around the world. This policy explains how international transfers work, what fees apply, and how currency conversion is handled.<\/p>\n

The Simple Truth<\/h3>\n
    \n
  • \n

    Donors can give in their currency<\/strong>: You see prices and donate in your local currency.<\/p>\n<\/li>\n

  • \n

    Beneficiaries receive in theirs<\/strong>: Funds arrive in the beneficiary’s local currency (unless they hold foreign currency accounts).<\/p>\n<\/li>\n

  • \n

    Currency conversion happens<\/strong>: Your donation is converted from your currency to the beneficiary’s currency.<\/p>\n<\/li>\n

  • \n

    Exchange rates matter<\/strong>: We use wholesale rates plus a small transparent margin.<\/p>\n<\/li>\n

  • \n

    Transfer fees apply<\/strong>: Banks charge for international wires\u2014we pass these through at cost.<\/p>\n<\/li>\n

  • \n

    Timelines vary<\/strong>: International transfers take 3-10 business days depending on countries and banks.<\/p>\n<\/li>\n

  • \n

    Tracking available<\/strong>: You can track your donation’s journey.<\/p>\n<\/li>\n<\/ul>\n

    \n

    \u2696\ufe0f PART B: LEGAL TERMS AND CONDITIONS<\/h2>\n

    1. DEFINITIONS<\/h3>\n
    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Term<\/th>\nDefinition<\/th>\n<\/tr>\n<\/thead>\n
    Base Currency<\/strong><\/td>\nThe currency in which a Campaign is denominated (e.g., INR for India campaigns)<\/td>\n<\/tr>\n
    Donor Currency<\/strong><\/td>\nThe currency used by Contributor to make payment<\/td>\n<\/tr>\n
    Beneficiary Currency<\/strong><\/td>\nThe currency of Beneficiary’s bank account<\/td>\n<\/tr>\n
    Exchange Rate<\/strong><\/td>\nThe rate at which one currency is converted to another<\/td>\n<\/tr>\n
    Interbank Rate<\/strong><\/td>\nThe wholesale rate available in interbank markets (mid-market rate)<\/td>\n<\/tr>\n
    Margin<\/strong><\/td>\nThe percentage added to Interbank Rate to cover conversion costs and risk<\/td>\n<\/tr>\n
    SWIFT Transfer<\/strong><\/td>\nInternational wire transfer via Society for Worldwide Interbank Financial Telecommunication network<\/td>\n<\/tr>\n
    Correspondent Bank<\/strong><\/td>\nIntermediary banks that facilitate cross-border transfers<\/td>\n<\/tr>\n
    IBAN<\/strong><\/td>\nInternational Bank Account Number (used in Europe)<\/td>\n<\/tr>\n
    IFSC Code<\/strong><\/td>\nIndian Financial System Code (for India)<\/td>\n<\/tr>\n
    Routing Number<\/strong><\/td>\nUS bank identifier<\/td>\n<\/tr>\n
    Sort Code<\/strong><\/td>\nUK bank identifier<\/td>\n<\/tr>\n
    FX (Foreign Exchange)<\/strong><\/td>\nConversion of one currency to another<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
    \n

    2. CURRENCY CONVERSION FRAMEWORK<\/h3>\n

    2.1 Donation Currency Options<\/h4>\n

    2.1.1<\/strong>\u00a0Contributors may donate in:<\/p>\n

    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n
    Currency<\/th>\nAvailable For<\/th>\nPayment Methods<\/th>\n<\/tr>\n<\/thead>\n
    INR (\u20b9)<\/td>\nIndia campaigns<\/td>\nUPI, Cards, NetBanking, Wallets<\/td>\n<\/tr>\n
    GBP (\u00a3)<\/td>\nUK campaigns<\/td>\nCards, Bank Transfer<\/td>\n<\/tr>\n
    USD ($)<\/td>\nUS campaigns<\/td>\nCards, Bank Transfer<\/td>\n<\/tr>\n
    EUR (\u20ac)<\/td>\nEU campaigns<\/td>\nCards, SEPA, Bank Transfer<\/td>\n<\/tr>\n
    SGD (S$)<\/td>\nSingapore campaigns<\/td>\nCards, Bank Transfer<\/td>\n<\/tr>\n
    AED (\u062f.\u0625)<\/td>\nUAE campaigns<\/td>\nCards (limited)<\/td>\n<\/tr>\n
    CAD ($)<\/td>\nCanada campaigns<\/td>\nCards<\/td>\n<\/tr>\n
    AUD ($)<\/td>\nAustralia campaigns<\/td>\nCards<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

    2.1.2<\/strong>\u00a0Contributors see Campaign amounts in Campaign Base Currency with approximate conversion to Donor Currency at current rates.<\/p>\n

    2.2 Exchange Rate Determination<\/h4>\n

    2.2.1<\/strong>\u00a0UTSAVDAAN\u2122 determines exchange rates as follows:<\/p>\n

      \n
    • \n

      Base Rate<\/strong>: Interbank Rate from reputable financial data provider (updated real-time)<\/p>\n<\/li>\n

    • \n

      Margin<\/strong>: [X]% added to Interbank Rate<\/p>\n<\/li>\n

    • \n

      Displayed Rate<\/strong>: Interbank Rate + Margin, shown to donor before confirmation<\/p>\n<\/li>\n<\/ul>\n

      2.2.2<\/strong>\u00a0Margin covers:<\/p>\n

        \n
      • \n

        Currency volatility risk during settlement<\/p>\n<\/li>\n

      • \n

        Bank conversion charges<\/p>\n<\/li>\n

      • \n

        Platform FX handling costs<\/p>\n<\/li>\n

      • \n

        Reconciliation expenses<\/p>\n<\/li>\n<\/ul>\n

        2.2.3<\/strong>\u00a0Margin is disclosed as:<\/p>\n

          \n
        • \n

          Separate line item in fee breakdown, OR<\/p>\n<\/li>\n

        • \n

          Incorporated into displayed exchange rate with clear disclosure<\/p>\n<\/li>\n<\/ul>\n

          2.3 Rate Lock<\/h4>\n

          2.3.1<\/strong>\u00a0Exchange rate is locked at the moment of donor confirmation.<\/p>\n

          2.3.2<\/strong>\u00a0Rate applies for that transaction only. Future donations subject to new rates.<\/p>\n

          2.3.3<\/strong>\u00a0If rate changes between confirmation and settlement (rare), UTSAVDAAN\u2122 absorbs minor fluctuations (<1%). Major fluctuations may require donor notification.<\/p>\n

          \n

          3. INTERNATIONAL TRANSFER PROCESS<\/h3>\n

          3.1 Donation to Escrow<\/h4>\n
          \n
          \n
          <\/div>\n
          <\/div>\n<\/div>\n\n\n\n\n\n\n\n
          Step<\/th>\nDescription<\/th>\nTimeline<\/th>\n<\/tr>\n<\/thead>\n
          1<\/td>\nDonor pays in Donor Currency<\/td>\nInstant – 2 days<\/td>\n<\/tr>\n
          2<\/td>\nPayment Gateway converts to Escrow Currency (if different)<\/td>\nAt settlement<\/td>\n<\/tr>\n
          3<\/td>\nFunds credited to UTSAVDAAN\u2122 Escrow Account in Escrow Currency<\/td>\n2-5 days<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

          3.2 Escrow to Beneficiary<\/h4>\n
          \n
          \n
          <\/div>\n
          <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n
          Step<\/th>\nDescription<\/th>\nTimeline<\/th>\n<\/tr>\n<\/thead>\n
          1<\/td>\nCampaign ends, verification complete<\/td>\nVaries<\/td>\n<\/tr>\n
          2<\/td>\nUTSAVDAAN\u2122 converts Escrow Currency to Beneficiary Currency<\/td>\nSame day<\/td>\n<\/tr>\n
          3<\/td>\nInternational wire initiated<\/td>\n1 day<\/td>\n<\/tr>\n
          4<\/td>\nCorrespondent bank processing<\/td>\n1-3 days<\/td>\n<\/tr>\n
          5<\/td>\nBeneficiary bank credits account<\/td>\n1-2 days<\/td>\n<\/tr>\n
          Total<\/strong><\/td>\n<\/td>\n3-10 business days<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

          3.3 Transfer Methods by Corridor<\/h4>\n
          \n
          \n
          <\/div>\n
          <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n
          From -> To<\/th>\nTypical Method<\/th>\nTimeline<\/th>\nTracking<\/th>\n<\/tr>\n<\/thead>\n
          INR -> Any<\/td>\nSWIFT via authorized dealer<\/td>\n3-7 days<\/td>\nYes (with charges)<\/td>\n<\/tr>\n
          GBP -> INR<\/td>\nSWIFT \/ Specialist FX<\/td>\n2-5 days<\/td>\nYes<\/td>\n<\/tr>\n
          USD -> INR<\/td>\nSWIFT<\/td>\n3-7 days<\/td>\nYes<\/td>\n<\/tr>\n
          EUR -> INR<\/td>\nSWIFT<\/td>\n4-7 days<\/td>\nYes<\/td>\n<\/tr>\n
          SGD -> INR<\/td>\nSWIFT<\/td>\n3-6 days<\/td>\nYes<\/td>\n<\/tr>\n
          GBP -> USD<\/td>\nSWIFT \/ Faster Payments<\/td>\n2-4 days<\/td>\nYes<\/td>\n<\/tr>\n
          EUR -> GBP<\/td>\nSEPA \/ SWIFT<\/td>\n2-4 days<\/td>\nYes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
          \n

          4. FEE STRUCTURE<\/h3>\n

          4.1 Fees Applicable to International Transfers<\/h4>\n
          \n
          \n
          \n
          <\/div>\n<\/div>\n
          <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
          Fee Type<\/th>\nDescription<\/th>\nWho Bears<\/th>\nAmount<\/th>\n<\/tr>\n<\/thead>\n
          Currency Conversion Fee<\/strong><\/td>\nMargin on exchange rate<\/td>\nDonor (deducted at payment)<\/td>\n[X]%<\/td>\n<\/tr>\n
          Outgoing Wire Fee<\/strong><\/td>\nUTSAVDAAN\u2122 bank’s charge to send<\/td>\nBeneficiary (deducted from proceeds)<\/td>\nActual + [nominal]<\/td>\n<\/tr>\n
          Correspondent Bank Fees<\/strong><\/td>\nIntermediary bank charges<\/td>\nBeneficiary (deducted)<\/td>\nActual<\/td>\n<\/tr>\n
          Beneficiary Bank Fees<\/strong><\/td>\nReceiving bank’s charges<\/td>\nBeneficiary (deducted)<\/td>\nActual<\/td>\n<\/tr>\n
          SWIFT Message Fee<\/strong><\/td>\nCommunication charges<\/td>\nBeneficiary<\/td>\nActual<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

          4.2 Fee Estimates<\/h4>\n

          UTSAVDAAN\u2122 provides\u00a0fee estimates<\/strong>\u00a0before campaign launch and before disbursement:<\/p>\n

          \n
          \n
          <\/div>\n
          <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n
          Transfer Type<\/th>\nEstimated Total Fees (excluding Platform Fee)<\/th>\n<\/tr>\n<\/thead>\n
          INR to INR (domestic)<\/td>\n0-1%<\/td>\n<\/tr>\n
          GBP to INR<\/td>\n2-4%<\/td>\n<\/tr>\n
          USD to INR<\/td>\n2-4%<\/td>\n<\/tr>\n
          EUR to INR<\/td>\n2.5-4.5%<\/td>\n<\/tr>\n
          SGD to INR<\/td>\n2-4%<\/td>\n<\/tr>\n
          GBP to USD<\/td>\n1.5-3%<\/td>\n<\/tr>\n
          EUR to GBP<\/td>\n1.5-3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

          4.3 Transparent Disclosure<\/h4>\n

          Before confirming donation, Contributors see:<\/p>\n

            \n
          • \n

            Amount in Donor Currency<\/p>\n<\/li>\n

          • \n

            Amount in Campaign Currency<\/p>\n<\/li>\n

          • \n

            Exchange rate used<\/p>\n<\/li>\n

          • \n

            Conversion margin<\/p>\n<\/li>\n

          • \n

            Total charge in Donor Currency<\/p>\n<\/li>\n<\/ul>\n

            Before disbursement, Beneficiaries see:<\/p>\n

              \n
            • \n

              Gross proceeds in Campaign Currency<\/p>\n<\/li>\n

            • \n

              All deductions itemized<\/p>\n<\/li>\n

            • \n

              Net proceeds in Beneficiary Currency<\/p>\n<\/li>\n

            • \n

              Expected arrival date<\/p>\n<\/li>\n<\/ul>\n

              \n

              5. BENEFICIARY BANK ACCOUNT REQUIREMENTS<\/h3>\n

              5.1 Required Information by Country<\/h4>\n
              \n
              \n
              <\/div>\n
              <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n
              Country<\/th>\nRequired Bank Details<\/th>\n<\/tr>\n<\/thead>\n
              India<\/td>\nBeneficiary Name, Account Number, IFSC Code, Bank Name, Branch<\/td>\n<\/tr>\n
              UK<\/td>\nBeneficiary Name, Account Number, Sort Code, IBAN (optional)<\/td>\n<\/tr>\n
              US<\/td>\nBeneficiary Name, Account Number, Routing Number (ABA), Bank Name, Address<\/td>\n<\/tr>\n
              EU<\/td>\nBeneficiary Name, IBAN, BIC\/SWIFT Code<\/td>\n<\/tr>\n
              Singapore<\/td>\nBeneficiary Name, Account Number, Bank Code, Branch Code<\/td>\n<\/tr>\n
              UAE<\/td>\nBeneficiary Name, IBAN, Bank Name, Branch<\/td>\n<\/tr>\n
              Canada<\/td>\nBeneficiary Name, Account Number, Transit Number, Institution Number<\/td>\n<\/tr>\n
              Australia<\/td>\nBeneficiary Name, Account Number, BSB Code<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

              5.2 Verification<\/h4>\n

              All beneficiary bank details verified through:<\/p>\n

                \n
              • \n

                Document verification (bank statement\/canceled cheque)<\/p>\n<\/li>\n

              • \n

                Test transaction (where applicable)<\/p>\n<\/li>\n

              • \n

                Beneficiary confirmation<\/p>\n<\/li>\n<\/ul>\n

                5.3 Errors in Bank Details<\/h4>\n

                If beneficiary provides incorrect details<\/strong>:<\/p>\n

                  \n
                • \n

                  Transfer may fail (funds returned to UTSAVDAAN\u2122)<\/p>\n<\/li>\n

                • \n

                  Return fees deducted from proceeds<\/p>\n<\/li>\n

                • \n

                  Corrected details required for re-transfer<\/p>\n<\/li>\n

                • \n

                  Delays may extend 2-4 weeks<\/p>\n<\/li>\n<\/ul>\n

                  \n

                  6. REGULATORY COMPLIANCE<\/h3>\n

                  6.1 India – FEMA Compliance<\/h4>\n

                  Foreign Exchange Management Act, 1999 (FEMA)<\/strong>\u00a0:<\/p>\n

                    \n
                  • \n

                    Inward remittances to India: Allowed for bona fide purposes<\/p>\n<\/li>\n

                  • \n

                    Reporting to RBI through authorized dealer banks<\/p>\n<\/li>\n

                  • \n

                    FIRC (Foreign Inward Remittance Certificate) provided to Beneficiary<\/p>\n<\/li>\n

                  • \n

                    FCRA compliance for foreign contributions to charitable organizations<\/p>\n<\/li>\n<\/ul>\n

                    FCRA (Foreign Contribution Regulation Act)<\/strong>\u00a0:<\/p>\n

                      \n
                    • \n

                      Indian NGOs receiving foreign contributions must have FCRA registration<\/p>\n<\/li>\n

                    • \n

                      Funds credited only to FCRA-designated bank account<\/p>\n<\/li>\n

                    • \n

                      UTSAVDAAN\u2122 verifies FCRA status before disbursement<\/p>\n<\/li>\n<\/ul>\n

                      6.2 UK Compliance<\/h4>\n
                        \n
                      • \n

                        HMRC reporting for cross-border payments<\/p>\n<\/li>\n

                      • \n

                        Anti-money laundering checks on source of funds<\/p>\n<\/li>\n

                      • \n

                        Sanctions screening<\/p>\n<\/li>\n<\/ul>\n

                        6.3 US Compliance<\/h4>\n
                          \n
                        • \n

                          OFAC sanctions screening<\/p>\n<\/li>\n

                        • \n

                          FinCEN reporting for transactions > $10,000<\/p>\n<\/li>\n

                        • \n

                          State licensing requirements for money transmission (varies by state)<\/p>\n<\/li>\n<\/ul>\n

                          6.4 EU Compliance<\/h4>\n
                            \n
                          • \n

                            SEPA Regulation for euro transfers<\/p>\n<\/li>\n

                          • \n

                            AML Directives implementation<\/p>\n<\/li>\n

                          • \n

                            Cross-border payment regulation<\/p>\n<\/li>\n<\/ul>\n

                            6.5 FATCA\/CRS Reporting<\/h4>\n
                              \n
                            • \n

                              UTSAVDAAN\u2122 may report account information to tax authorities under:<\/p>\n

                                \n
                              • \n

                                FATCA (US)<\/p>\n<\/li>\n

                              • \n

                                Common Reporting Standard (CRS – global)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                \n

                                7. DELAYS AND ISSUES<\/h3>\n

                                7.1 Common Delay Reasons<\/h4>\n
                                \n
                                \n
                                <\/div>\n
                                <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
                                Issue<\/th>\nTypical Delay<\/th>\nResolution<\/th>\n<\/tr>\n<\/thead>\n
                                Incorrect beneficiary details<\/td>\n1-2 weeks<\/td>\nCorrection and re-send<\/td>\n<\/tr>\n
                                Correspondent bank holds<\/td>\n3-7 days<\/td>\nMonitoring, documentation<\/td>\n<\/tr>\n
                                Compliance checks<\/td>\n2-5 days<\/td>\nProvide additional info<\/td>\n<\/tr>\n
                                Weekend\/holiday<\/td>\n+2-3 days<\/td>\nAutomatic<\/td>\n<\/tr>\n
                                Regulatory approval<\/td>\n1-4 weeks<\/td>\nEscalate with bank<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

                                7.2 Failed Transfers<\/h4>\n

                                If transfer fails:<\/p>\n

                                  \n
                                1. \n

                                  Funds returned to UTSAVDAAN\u2122 Escrow (minus any fees)<\/p>\n<\/li>\n

                                2. \n

                                  Beneficiary notified<\/p>\n<\/li>\n

                                3. \n

                                  Corrected details obtained<\/p>\n<\/li>\n

                                4. \n

                                  Re-transfer attempted<\/p>\n<\/li>\n

                                5. \n

                                  Additional fees borne by Beneficiary<\/p>\n<\/li>\n<\/ol>\n

                                  7.3 Force Majeure<\/h4>\n

                                  UTSAVDAAN\u2122 not liable for delays caused by:<\/p>\n

                                    \n
                                  • \n

                                    Banking system failures<\/p>\n<\/li>\n

                                  • \n

                                    Regulatory changes<\/p>\n<\/li>\n

                                  • \n

                                    Sanctions implementation<\/p>\n<\/li>\n

                                  • \n

                                    Natural disasters<\/p>\n<\/li>\n

                                  • \n

                                    Political instability<\/p>\n<\/li>\n

                                  • \n

                                    Pandemics<\/p>\n<\/li>\n<\/ul>\n

                                    \n

                                    \ud83c\udf0d PART C: JURISDICTION-SPECIFIC ADDENDUMS<\/h2>\n

                                    INDIA ADDENDUM<\/h3>\n

                                    RBI Liberalised Remittance Scheme (LRS)<\/strong>\u00a0:<\/p>\n

                                      \n
                                    • \n

                                      For outward remittances from India (if ever applicable)<\/p>\n<\/li>\n

                                    • \n

                                      Current limit: $250,000 per financial year per individual<\/p>\n<\/li>\n

                                    • \n

                                      Purpose codes required<\/p>\n<\/li>\n<\/ul>\n

                                      FCRA Details<\/strong>:<\/p>\n

                                        \n
                                      • \n

                                        Beneficiaries must provide FCRA registration certificate<\/p>\n<\/li>\n

                                      • \n

                                        Funds to be credited to designated FCRA account only<\/p>\n<\/li>\n

                                      • \n

                                        UTSAVDAAN\u2122 provides FIRC for each remittance<\/p>\n<\/li>\n<\/ul>\n

                                        Tax Deduction at Source<\/strong>:<\/p>\n

                                          \n
                                        • \n

                                          TDS under Section 194C\/194J applicable on payments to residents<\/p>\n<\/li>\n

                                        • \n

                                          TDS certificates issued<\/p>\n<\/li>\n<\/ul>\n

                                          UK ADDENDUM<\/h3>\n

                                          Payment Services Regulations 2017<\/strong>:<\/p>\n

                                            \n
                                          • \n

                                            UTSAVDAAN\u2122 acts as payment initiator, not payment institution<\/p>\n<\/li>\n

                                          • \n

                                            Pass-through of funds without holding license (reliance on authorized payment partners)<\/p>\n<\/li>\n<\/ul>\n

                                            Currency and Amounts<\/strong>:<\/p>\n

                                              \n
                                            • \n

                                              Reporting to HMRC for payments over \u20ac10,000<\/p>\n<\/li>\n<\/ul>\n

                                              US ADDENDUM<\/h3>\n

                                              Money Transmitter Licensing<\/strong>:<\/p>\n

                                                \n
                                              • \n

                                                UTSAVDAAN\u2122 uses licensed partners for money transmission<\/p>\n<\/li>\n

                                              • \n

                                                Beneficiaries advised on state licensing implications<\/p>\n<\/li>\n<\/ul>\n

                                                IRS Form 1099-K<\/strong>:<\/p>\n

                                                  \n
                                                • \n

                                                  May be issued if payment volume exceeds thresholds<\/p>\n<\/li>\n<\/ul>\n

                                                  EU ADDENDUM<\/h3>\n

                                                  Cross-Border Payments Regulation<\/strong>:<\/p>\n

                                                    \n
                                                  • \n

                                                    Transparency on currency conversion charges<\/p>\n<\/li>\n

                                                  • \n

                                                    Right to choose conversion provider<\/p>\n<\/li>\n<\/ul>\n

                                                    SEPA Transfers<\/strong>:<\/p>\n

                                                      \n
                                                    • \n

                                                      EUR transfers within SEPA zone: 1-2 days<\/p>\n<\/li>\n

                                                    • \n

                                                      IBAN required<\/p>\n<\/li>\n<\/ul>\n

                                                      \n

                                                      \ud83d\udcdd PART D: ENTERPRISE INTERNAL MANUAL<\/h2>\n

                                                      For UTSAVDAAN\u2122 Finance Team<\/h3>\n

                                                      A. International Transfer Processing Schedule<\/h4>\n
                                                      \n
                                                      \n
                                                      <\/div>\n
                                                      <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
                                                      Day<\/th>\nCut-off<\/th>\nProcess<\/th>\n<\/tr>\n<\/thead>\n
                                                      Monday<\/td>\n12:00 GMT<\/td>\nProcess APAC transfers (India, Singapore, Australia)<\/td>\n<\/tr>\n
                                                      Tuesday<\/td>\n12:00 GMT<\/td>\nProcess EMEA transfers (UK, Europe, Middle East)<\/td>\n<\/tr>\n
                                                      Wednesday<\/td>\n12:00 GMT<\/td>\nProcess Americas transfers (US, Canada)<\/td>\n<\/tr>\n
                                                      Thursday<\/td>\n12:00 GMT<\/td>\nProcess all remaining transfers<\/td>\n<\/tr>\n
                                                      Friday<\/td>\n10:00 GMT<\/td>\nQuality check, exception handling<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

                                                      B. Correspondent Bank Routing Guide<\/h4>\n
                                                      \n
                                                      \n
                                                      <\/div>\n
                                                      <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n
                                                      From Currency<\/th>\nTo Currency<\/th>\nPreferred Correspondent<\/th>\nBackup<\/th>\n<\/tr>\n<\/thead>\n
                                                      GBP<\/td>\nINR<\/td>\nBarclays -> HDFC Bank<\/td>\nHSBC<\/td>\n<\/tr>\n
                                                      USD<\/td>\nINR<\/td>\nJPMorgan -> ICICI Bank<\/td>\nCiti<\/td>\n<\/tr>\n
                                                      EUR<\/td>\nINR<\/td>\nDeutsche Bank -> Axis Bank<\/td>\nBNP Paribas<\/td>\n<\/tr>\n
                                                      SGD<\/td>\nINR<\/td>\nDBS -> DBS India<\/td>\nOCBC<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

                                                      C. Fee Calculation Examples<\/h4>\n

                                                      Example: \u00a31,000 donation to India campaign<\/strong><\/p>\n

                                                      \n
                                                      \n
                                                      <\/div>\n
                                                      <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n
                                                      Item<\/th>\nAmount<\/th>\nCalculation<\/th>\n<\/tr>\n<\/thead>\n
                                                      Donation in GBP<\/td>\n\u00a31,000<\/td>\n<\/td>\n<\/tr>\n
                                                      Exchange Rate (GBP\/INR)<\/td>\n105<\/td>\nInterbank 105.5 – 0.5% margin<\/td>\n<\/tr>\n
                                                      Amount in INR<\/td>\n\u20b9104,500<\/td>\nAfter conversion<\/td>\n<\/tr>\n
                                                      Platform Fee (5%)<\/td>\n\u20b95,225<\/td>\nDeducted<\/td>\n<\/tr>\n
                                                      Payment Gateway Fee (2%)<\/td>\n\u20b92,090<\/td>\nDeducted<\/td>\n<\/tr>\n
                                                      International Wire Fee<\/td>\n\u20b91,500<\/td>\nActual<\/td>\n<\/tr>\n
                                                      Net to Beneficiary<\/strong><\/td>\n\u20b995,685<\/strong><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

                                                      Module:\u00a0CrowdFunding (Utsavdaan\u2122) Document Type:\u00a0Hybrid \u2014 Plain English + Legal Reinforcement Trademark:\u00a0UTSAVDAAN\u2122 is a registered trademark of MyMahotsav Futuretech Ltd Jurisdictions:\u00a0Global (with multi-currency addendums) Version:\u00a01.0 Effective…<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"doc_category":[211],"glossaries":[],"doc_tag":[240,31],"knowledge_base":[199],"class_list":["post-3303","docs","type-docs","status-publish","hentry","doc_category-crowdfundings","doc_tag-guideline","doc_tag-policy","knowledge_base-policy-hub"],"year_month":"2026-04","word_count":1455,"total_views":"72","reactions":{"happy":"0","normal":"0","sad":"0"},"author_info":{"name":"MyMahotsav Admin","author_nicename":"support-team","author_url":"https:\/\/mymahotsav.com\/knowledgebase\/author\/support-team\/"},"doc_category_info":[{"term_name":"CrowdFundings","term_url":"https:\/\/mymahotsav.com\/knowledgebase\/docs\/mm-guides\/crowdfundings\/"}],"doc_tag_info":[{"term_name":"Guideline","term_url":"https:\/\/mymahotsav.com\/knowledgebase\/docs-tag\/guideline\/"},{"term_name":"Policy","term_url":"https:\/\/mymahotsav.com\/knowledgebase\/docs-tag\/policy\/"}],"yoast_head":"\nInternational Fund Transfer & Currency Conversion Policy | Utsav Daan - 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