Money transfer to abroad |
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Mar 10th, 2009, 03:54
| #1 |
| Member Join Date: Jan 2008 Location: India
Posts: 18
| Money transfer to abroad How is it possible to send money abroad from India? With Western Union you can only receive money in India, not send from here. Even Nepal Western Union allows to send money abroad. Dont Indians realize they can be at serious risk due to some emergencies abroad if they are unable to receive money from home? |
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Mar 10th, 2009, 11:34
| #2 |
| Maha Guru Member  Join Date: May 2003 Location: Northern California
Posts: 4,371
| ATMs work both ways. Set up an account before you leave. Citi bank is everywhere ...
__________________ The map is not the territory. --Alfred Korzybski |
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Mar 12th, 2009, 20:09
| #3 |
| Member Join Date: Jan 2008 Location: India
Posts: 18
| Thanks for the reply. I was wondering about emergencies like lost/ stolen/ damaged/ not working ATM cards. How will one get money then? |
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Apr 24th, 2009, 17:54
| #4 |
| Senior Member  Join Date: Apr 2007 Location: NYC, dreaming of the Himalaya
Posts: 149
 | Nepal WU allows you to send money abroad now? 2 years ago my father in law in KTM tried to send money to me in Thailand but was told you could only receive money in Nepal.
__________________ Q: Ke garne? A: Dal bhat khanne, maaya garne, sutne!  |
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Apr 28th, 2009, 20:08
| #5 |
| Member  Join Date: Aug 2008 Location: Gurgaon
Posts: 27
  | I wire money back to USA all the time from my Indian bank. In my case Kotak. Now I do have to fill out 6 forms, one in duplicate, and provide photocopies of my visa and passport, every time. But that really isn't much of a surprise. However once the paperwork is approved it is only 3 working days from Indian bank to available funds in USA bank. |
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Apr 29th, 2009, 00:30
| #6 |
| This is just a cameo appearance  Join Date: Oct 2004 Location: Chennai, India
Posts: 38,230
| Thanks for that information. It sounds like there is some work involved, but no real problems. |
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Feb 18th, 2010, 12:41
| #7 |
| Member  Join Date: Nov 2009 Location: Switzerland
Posts: 12
| money transfer from india to switzerland Has anyone experience to send money from india to Switzerland?  I would be greatful for your helping suggestions. I live in switzerland and need to transfer money from india to switzerland. |
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Feb 25th, 2010, 16:20
| #8 |
| RP Join Date: Mar 2008 Location: Chennai, India
Posts: 286
| Axis Bank wires abroad smoothly--avoid ICICI I have an employment visa and opened a Priority Acc't. I have to produce a salary slip every coupla months when I wire money abroad (plus the other usual forms). Axis is good. ICICI is a disaster. |
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Feb 28th, 2010, 23:32
| #9 |
| Member Join Date: Nov 2009 Location: Switzerland
Posts: 12
| Axis or ICCI do not have their branches in switzerland so it will not work in transferring money from india to switzerland. Is there any other way or suggestions?? |
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Feb 28th, 2010, 23:39
| #10 |
| This is just a cameo appearance Join Date: Oct 2004 Location: Chennai, India
Posts: 38,230
| A bank does not have to have a branch in the receiving country: it will be able to transfer to another bank. |
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Mar 1st, 2010, 13:33
| #11 |
| RP Join Date: Mar 2008 Location: Chennai, India
Posts: 286
| Right-o You will need the Routing no. or SWIFT no. of your receiving bank in Switzerland, BTW. |
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Mar 1st, 2010, 13:37
| #12 |
| RP Join Date: Mar 2008 Location: Chennai, India
Posts: 286
| Another option--ATM Another option is to use your ATM card to withdraw money in Switzerland. However, you'd better check the cost per withdrawal from a foreign ATM machine AND the charge for converting the money to Swiss currency. It adds up...Also, you usually have a maximum that can be taken out at a time/daily. |
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Mar 3rd, 2010, 00:07
| #13 |
| Member Join Date: Nov 2009 Location: Switzerland
Posts: 12
| Thanks a lot for you valuable suggestions...  but I was asking myself if one can just transfer money from india to europe without any complication..... I mean if you go to a bank, give them 10 lacs cash and ask them to transfer it to any bank in europa will it work? without to give any reson or produce any type of paper? does indian government allow it? In my case my family is transferring this money to me.... |
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Mar 3rd, 2010, 13:28
| #14 |
| RP Join Date: Mar 2008 Location: Chennai, India
Posts: 286
| Why? Why ask why? Seriously, if you and your parents have the same family name, they might be able to wire you money via Thomas Cook. They should go to their local MAIN branch and ask--ask about ALL the charges--it's not cheap. If you are studying abroad, then I think it's pretty easy to transfer money to you, because I've seen a clause about that on the form I fill out to wire transfer money to the US. I will ask my Axis banker your questions & see what he says. |
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Mar 7th, 2010, 05:08
| #15 |
| Member Join Date: Nov 2009 Location: Switzerland
Posts: 12
| Yes, my parents have the same family name and I am living here for last 15 years (permanent resident). Thanks for you efforts and please let me know if there is a easy way to transfer money from india. |
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