Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Bihar top receiver of remittance from Gulf countries

BiharRemittances in Bihar have extraordinarily gone up in the recent past and are contributing to the economy of the high immigrant districts of Siwan and Gopalganj.

According to reports, maximum remittances between April 2015 and March 2016 were received by Siwan district followed by Gopalganj, and the same trend was observed in 2014, too, according to a top official of a global money transfer service provider.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

Bihar in particular received maximum remittances from Saudi Arabia, followed by the UAE, Qatar, Oman and Kuwait in 2015. Remittances to India are largely from the UAE, the USA, the UK, Canada, Qatar, Singapore and Malaysia.

Anil Kumar, post master general (business development and marketing) Jharkhand stated that Siwan-Gopalganj general post office (one zone) received 62,000 international money orders via Western Union in 2014-15.

Reports say, Bihar stood at the second position in the country in terms of foreign remittances receiving a total of over Rs 1,800 crore through post offices in 2014-15

AdvertisementInfoComm India 2026

The Bihar government does not have district-wise data on emigrants. According to travel agents Gopalganj and Siwan account for 70 per cent of the state’s total immigrants.

Ministry of Overseas Affairs’ statistics showed, number of emigrants from Bihar surged from 36,493 in 2006 to 71,438 in 2011. Uttar Pradesh saw a bigger jump, from 66,131 in 2006 to 1,55,301 in 2011. Unlike Bihar, migration from Uttar Pradesh is not limited to a handful of districts.

Quoting the Western Union- Economic Impact Study in 2014, Shetty stated, “A changing pattern has been observed in migration trends, like Uttar Pradesh and Bihar have emerged as the leading states as compared to South India earlier. Many take up jobs in the real estate, manufacturing and construction related sectors and are employed in professions like carpenters, welders, lorry drivers, masons and tailors in the last few years.

Remittances to India increase the most around Ramadan in particular, and this has been observed in Bihar too. After Ramadan, the two main holidays that see a spurt in remittances are Diwali and Baisakhi. Indians sent more money home last year than any other group of migrants.

India continues to be the largest remittance recipient country and over the years we have seen an increasing trend in remittances received. Within India, the states that receive the highest remittance include UP, Bihar Tamil Nadu, Andhra Pradesh, Kerala, Punjab. UP continues to be the largest, followed by Tamil Nadu. In the past, it used to be Kerala, said Shetty.

A recent World Bank report estimated that India received $70.39 billion in remittances last year. That’s ahead of China, which got $64.14 billion, and more than all the remittances received by the Philippines, Mexico and Pakistan combined.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of News

Razorpay Partners with OpenAI to Help Indian Brands Advertise on ChatGPT

Razorpay has partnered with OpenAI to help Indian brands explore advertising opportunities on ChatGPT, potentially opening a new… Read more →

GreyLabs AI Partners with Federal Bank to Deploy Voice AI Across Customer Interactions

GreyLabs AI has partnered with Federal Bank to bring Voice AI into everyday customer interactions, with applications spanning… Read more →

HDFC Bank Appoints V.N. Srivatsan as Chief Compliance Officer

HDFC Bank has appointed V.N. Srivatsan as its new Chief Compliance Officer (CCO) for a three-year term, effective… Read more →

ICICI Prudential Life Insurance Appoints Sidharatha Mishra as MD & CEO

ICICI Prudential Life Insurance Company Limited has appointed Sidharatha Mishra as Managing Director and Chief Executive Officer, effective… Read more →

NBFCs Account for 47% of New-to-Credit Consumer Originations: FIDC-TransUnion CIBIL Report

Mumbai, October 5, 2026: Non-Banking Financial Companies (NBFCs) have emerged as a major gateway to formal credit in… Read more →

Federal Bank Appoints Virat Diwanji as Executive Director

Federal Bank has appointed Virat Diwanji as Executive Director, effective October 12, 2026, following approval from the Reserve… Read more →

whatsapp--v1