We have an exciting news for you !!! REMITMONEY is now faster and better !!! Receive credit from US in your Axis Bank account within 2 business days for self-repeat transfers up to USD 5000 and also get better exchange rates than the card rates. T&Cs Apply.

Does the beneficiary have to pay anything to receive the money in his/her account?

No, the beneficiary will not have to pay anything to receive funds.