As we discovered above, the cheapest way to send money from the USA to India depends quite considerably on the receiving method and the amount sent. However, on average, the following services took the cake in 2020 according to search data from Monito's comparison engine:
In case of a minor son - any income from such transfer will be added to father's income.
My son is resident indian nri in US and on work permit. I am senior citizen and by selling my existing property I will need additional 50 lakhs from my son who has nro account. Should he make payment from his nro account or gift 50 lakhs to me so I can purchase flat with out any issue. Please guide me.
Hi Balasubramanian, euro sri lanka rupee exchange rate wetransfer money to india today
While PayPal may be a good option to pay or receive payment for purchases online, they do not allow you to transfer money to individuals. If you'd like to transfer money abroad, you may want to consider a specialist international money transfer provider like Wise.
Yes, you can still send a money transfer if neither you nor your recipient in India has a bank account. Look at cash transfer providers such as MoneyGram where you can pay with cash and your recipient can collect it as cash or as mobile phone reload on the other end.
My question is that I am a NRI in Australia and my friend in India want to give a gift of 20000 aud or around 11 lakhs rs to meWhat are the tax liability on me as a NRI from India and what are from Australian tax office.And any tax implications will my friend will face
If the NRI sister becomes a PR of any country will this PR status better safeguard the resident sister from being taxable for the gifts received via bank transfer ?
Is it necessary to inform the India IT Dept on such remittances.
A non relative foreigner from UK sends gift of some movable articles and some amount of pounds in cash through a courier to an Indian friend. When the package arrives the Indian Airport the customs department find the currency in the package and demands to pay duty for the articles and for the currency.
I am a person of Indian origin (holding US passport). I received 2 gifts each under INR 50000 from relatives on our 50th wedding anniversary. The funds were deposited in NRO account. Why I am receiving emails from the Indian bank to specify the source of funds.
To send money from India to the US, you'll need to explore your alternatives instead. In this guide, we delve into three of them: Xoom (the popular but pricey PayPal-linked international money transfer service), the top digital transfer platforms (e.g. Instarem, Wise, and others), and a SWIFT transfer from a local bank in India.
Western Union has different fees for nearly every country it sends to, and we've seen fees range from as low as $3.50 up to $100 or more. These fees depend on how you are paying for the transfer and how the transfer will be collected. Agent location fees aren't typically posted online, but Western Union's online fees are based on: