So you are a global investor and have business interests in
foreign countries. You want to send a payment across to a supplier or to a
partner overseas. At another time, you may be investing in a project in another
country.
In personal capacity, you may be funding the education of a
student enrolled in a foreign university, or simply helping a friend residing
abroad who needs some financial assistance. In each case, you would need
reliable sources to send money from
India to international destinations. Which is the best way to do so?
Multiple options -
take your pick
RBI permits two ways to remit
money from India abroad viz. wire transfers and demand drafts. Wire
transfers are bank-to-bank money transfers from your Indian bank account to the
recipient’s overseas account. These transfers are fast, but come at a premium
fee charged by the home bank (Rs. 1200-Rs. 1500) and by the destination bank
(USD 10 – USD 40). For business payments, wire transfers are usually preferred.
Demand drafts issued by the home bank in the name of the beneficiary abroad,
are cheaper, since there is no fees levied at the receiving end, only the fee
at the sender’s side is applicable. But they can take up to 10 working days for
clearance and have to be physically sent to the receiver. These are ideal for
tuition fees payments.
Whom to approach?
Whilst you hunt for the ideal bank or forex dealer to send money from India, do keep online
players like us at BookMyForex in mind. We allow you to remit money from India
by placing your orders online, but offer you low transaction fees (merely Rs.
200), giving you a major savings right away! We will complete your wire
transfers within 24 hours! And you need not have an account with any of our
partnering banks (ING Vysya Bank and Axis Bank).
Buying/Selling/Remitting
Forex is so simple!
When you visit us at www.bookmyforex.com,
you can clinch the best rates, fed ‘live’ from the markets and displayed at our
website. You can do a real-time search to compare the rates offered by a
plethora of forex players and see why we have the best offer for you! Our city-wise
rates and vast distribution network are available for your convenience. Our
irresistible promotional offers will leave you smiling from ear to ear!
No comments:
Post a Comment