Can you send money from India to UAE?

Answer 1

hi,

I have been wanting to do this hence have done a lot of research on this and the best way so far to do this is to open an NRE account and have the money deposited in that account in India.

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Satish's update on the above answer : You cannot deposit money in an NRE account in India, unless it is transferred from abroad. If you money is parked in a Resident account, then contact your bank, who'll help you in transferring funds abroad by 'Wire Transfer' or 'Demand draft'. Or, you could directly contact the RBI, who'll provide you with necessary guidelines.-------------------------------------------------------------------------------------------------------

TransferNShop's update -

You can only send money abroad using Bank Wire Transfer which is available with almost all banks in India. Following are some important points.

1. You cannot send more than $2,00,000 per year outside India as per reserve bank of India's guidelines.

2. You need a PAN card for the same.

3. You need to specify a reason for transferring money. e.g. gift, business, etc

4. If the reason is not Gift, then you will need to produce a copy of Invoice.

5. If you can submit the duly signed forms before 11:30 AM then the transfer is done on the same day.

5. Total time duration is 48 hours.

6. The sending charges are less than Rs. 300/-

7. The receiving bank charges around $25 - $ 30 which the sender can decide who will bear.

8. In case of 'Gift' the receiver has to bear these charges.

9. You will need receiver's name, address, bank name, bank account number, bank branch, bank address, bank SWIFT code (ask the bank), your pan card number, invoice (if needed) and a Pen to fill forms :-) (filling forms takes around half hour if the bank executive cooperates well)

Answer 2

Now you can receive money from India easily!

Customers' convenience has been the foremost thing in atw exchange's preamble. We continuously seek innovative ways to add value to you, our customer, with new products and services. Receive Money Remittance from India is one such unique service by our India operations. You can now receive money from India to your bank account anywhere in the world.

Salient Features

• Receive money from India to your local bank account anywhere in the world within 48 hours.
• Send up to USD 100,000 abroad in a Financial year from your NRO account under the ''Maintenance to close relative'' category.
• Cash Payment of up to a maximum of Rs. 50,000 in a single transaction.
• Remit up to USD 1 million in a financial year from your NRE/NRO account to any foreign country.
• Remit up to USD 200,000 to a NRI friend settled abroad under the ''Gift purpose'' category in a financial year.

Answer 3

We can transfer money from India to emirates NBD bank account Dubai by going to bank an it will transfer