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transfering money from India to UK

This is an area for the discussion of matters related to issues about moving from one country to another. Examples could be about money transfer, moving and packing, validity of driving licence, etc..

It is not a general non-immigration, free-for-all area.

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skum
Junior Member
Posts: 87
Joined: Sun Apr 22, 2012 3:39 pm
Location: London

transfering money from India to UK

Post by skum » Wed Jan 14, 2015 11:47 am

Hello,
We are on ILR visa in UK. and still hold indian resident bank account.

We are planning to purchase a property in Uk and want to bring a lump sum (more than 80K) from india.
Does anyone know - how to transfer money from India to UK?
I know there is 25K $ limit but is it per person per year OR per bank account?
Can we use parent's account to transfer money to us here?

Please let me know. thanks

YarliK
Newly Registered
Posts: 1
Joined: Thu Feb 12, 2015 10:30 am

Re: transfering money from India to UK

Post by YarliK » Thu Feb 12, 2015 10:32 am

Hi There,

I am in the same stage, but planning to get 30K. Have you find any solution, and greatly appreciate if you please share with me.

Thanks

Kind regards,
Kishore

skum
Junior Member
Posts: 87
Joined: Sun Apr 22, 2012 3:39 pm
Location: London

Re: transfering money from India to UK

Post by skum » Thu Feb 12, 2015 10:46 am

I did some research on it- indian nationals can transfer 125K dollors legally per financial year (which runs from march-april -I think).
But you will need to contact bank in india to check the details. - not many people in india know this. I got this information from govt india website.

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