One of the frequently asked questions by people going abroad is that, whether they can send money to a resident saving account in India or not? Will that be taxable? The answer to this question depends upon whose resident …
In the last article, I told you how much Indian currency NRIs are allowed to take Overseas , and in this article, I'll talk about how much foreign currency NRIs are allowed to bring India and then take back while going Overs…
One of the frequently asked questions from NRIs, who has just opened an NRE (Non Resident External) account is how to fund their NRE accounts In India? Since you cannot transfer Indian rupees from your normal savings account in…
In 2016, After Donald trump's victory and historic decision on Rupee demonetization in India, many of my friends working in living me asked the question whether now is the best time to send money to India from the USA? Well,…
Even though both Wire transfer and ACH are ways to send a large amount of money from one place to another, there are some significant differences in the way they operate. A wire transfer, also commonly referred to as SWIFT trans…
![How to Send Money Abroad/Overseas from NRE or Resident Bank Account - [Online Outward Repatriation]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzoGjHqy8LkY8kA5iiRF5_6qkjmVqqSod0_8lTSDuyP_zGK4RUrqYyLGiWIX_WeD2GqkfRUoOJC7t4eEeU-3kShtfRwYCDBAIyexriVb7ZyqIRltfTmM4cmrqBYjDtA4KUHjX4gWSB4VU/s1600/OUTWARD+Remittance+Limit+for+Indians.jpg)
You can send money abroad on your overseas savings account from an NRE account in India. You can do this both online from the comfort of your office or home and offline from any branch of your bank. This is also known as repatr…
I recently come to know about ICICI bank's powerful service called express e-transfer which allows ICICI bank Money2India users to send money instantly to India from the USA and Canada to India. ICICI bank claims that they …
Apart from international wire transfers, western union, and MoneyGram, there are three major online services you can use to send money from Hong Kong to India. Apparently, Hong Kong has fewer options as compared to Singapore fo…
If you are sending money to India from any abroad location e.g. United States, Singapore, United Kingdom, or Australia, it's worth checking rates offered by different remitting services like DBS India Remit, CurrencyFair , H…
In theory, there is absolutely no limit to how much money you can send to India, provided you earned your money legally and paid your taxes but the USA is special. In practice, depending upon which channel you are using for send…
When a young software engineer gets his first onsite opportunity, whether it's short-term or long-term, he is full of excitement. Nothing beats the excitement and adventure of going abroad, especially in America or Europe. A…
There are several ways to send money to India from Overseas, both online and offline. Some of the popular channel for remitting money includes the Western Union for the small amount of cash to online services like ICICI Money2In…
Do I need to Pay Taxes in India When I transfer money from an Overseas bank to India? Many of my IT friends are working abroad and when you go abroad the first time, you have a lot of queries in your mind, related to NRI status…