Rupees to UK Pound Money Transfer

#1 Sep 24th, 2015, 00:00
Join Date:
Aug 2008
Location:
West Sussex, UK & Cochin, Kerala
Posts:
48
  • Blue_Max is offline
#1
Hi all
I need to convert Rupees to UK Pound to send to my bank account in UK.
Rupees will be from NRE accounts that I hold in Indian banks.
Banks give a poor exchange rate. As much as 250 points below the FX rates.
They also charge high fees on top.

In the past, when converting UKP to INR, I fond much better rates through currency brokers in the UK such as Muthoot Global. As low as 80 points below the money market rates.

But I don't know of any that can convert from INR to UKP.
Does anyone know?!
Or any suggestions on any other ways to do this?
Thanks!
#2 Sep 24th, 2015, 10:08
Learning... from others' experiences!
Join Date:
Sep 2011
Location:
India
Posts:
13,374
  • Prakaant is offline
#2
But, what would be the mode of transfer...?
#3 Sep 24th, 2015, 10:13
Join Date:
Dec 2008
Location:
Interweb
Posts:
16,229
  • vaibhav_arora is offline
#3
Other than banks, select FFMCs (full fledged money changers) are authorized by the RBI to perform outward remittances. The list for Kerala is here -

https://rbi.org.in/Scripts/femaview.aspx?femaid=24

Also look at the RBI website regarding outward remittances for residents before going ahead with anyone - https://rbi.org.in/scripts/FAQView.aspx?Id=66
Last edited by vaibhav_arora; Sep 24th, 2015 at 11:44..
#4 Oct 16th, 2015, 17:38
Join Date:
Apr 2015
Location:
Prague
Posts:
15
  • travelsavvy is offline
#4
Hi,
Did you try to contact https://transferwise.com/? THey can help you may be.
Cheers,
J
#5 Oct 18th, 2015, 20:25
Join Date:
Aug 2012
Location:
Dubai/Hannover/Trivandrum
Posts:
332
  • namaskaram is offline
#5
Similar to Transferwise is Xendpay.com Might be even cheaper.

Similar Threads

Title, Username, & Date Last Post Replies Views Forum
exchanging money to rupees Dec 30th, 2009 08:03 5 1524 Money Issues and India Travel
How many rupees to the pound TODAY? Sep 15th, 2007 17:23 20 16297 Packing Tips for India travel
Is it easy changing money from Rupees to $? Sep 10th, 2004 01:07 3 2010 Packing Tips for India travel


Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forum Rules»
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Thread Tools
Display Modes

Search Engine Optimization by vBSEO 3.3.2
© IndiaMike.com 2018
Page Load Success