Transfer money from India to UK

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Transfer money from India to UK

Postby easygirl_id » Tue Sep 14, 2010 10:16 am

Hi,

Can someone suggest how could I transfer my money from India to UK with best rate and without much hassle.
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Postby sushdmehta » Thu Sep 16, 2010 11:49 am

If you need the best rates, banks are your best bet. Enquire about international telegraphic transfer / wire transfer / swift transfer / outward foreign currency remittance in any bank where you hold an account. (e.g. ICICI, HDFC).

If you need minimal hassle and okay with lower rates, use reputed money transfer agencies. e.g. - Western Union.


regards
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Postby wunder » Thu Sep 16, 2010 2:38 pm

Banks are not the best option - as they usually have very unfavourable exchange rates. Something like XE would be much better choice.
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Postby kenfrapin » Sun Sep 19, 2010 7:22 pm

Hope you know that while its easy to transfer from the UK to India by just being online, its really difficult the other way round.

Transferring legally can only be done through banks but given the low conversion rates and charges it makes no sense at all. Many who need cash actually ask friends to transfer locally within the UK and transfer the amount in Rs in India - I know this is difficult but a lot better than going through banks.

Not very sure about Western Union but I do know they allow you to do the transfer. There are a million of WU shops all over India so might be easy to get someone to just pop over and ask them

Wunder - how can one transfer Rs from India to the UK via XE? I dont know much about XE other than using it for conversion rates. I have some spare cash back home that I would love to get here :D

KP
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Postby light_tunnel » Wed Dec 22, 2010 5:49 pm

You can opt for a travel card which is quite hassle free. The only requirement is you need to preload the card and carry with you. On deficit of funds you can ask somebody back home to top up the card.

Cheers,
Light
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Re: Transfer money from India to UK

Postby chinagef » Wed Dec 22, 2010 6:08 pm

easygirl_id wrote:Hi,

Can someone suggest how could I transfer my money from India to UK with best rate and without much hassle.


Just as a side topic, you may wish to be aware of potential money laundering laws if you intend to transfer large amounts of money from one country to the other.
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