• Home
  • Contact Us
iBusiness Angel
No Result
View All Result
Friday, February 3, 2023
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing
No Result
View All Result
No Result
View All Result
Home Tech

How to make an international money transfer from India?

by Michael McDonald
September 3, 2020
in Tech
0
How to make an international money transfer from India?
157
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

An international money transfer or IMT, as it is popularly known is essentially an electronic transfer of funds in a foreign currency. You can make international money transfers from India for any of the following purposes:

  • Private visits to any country except Nepal and Bhutan
  • Gifts or Donations
  • Employment abroad
  • Emigration
  • Family Maintenance
  • Travel for business, conferences, etc.
  • Medical Expenses
  • Studies abroad
  • Any other current account transaction

Generally, these transfers can be made through a bank or an international money transfer service.

In this article, we will discuss the documents which are required and a step-by-step guide to making an international money transfer from India.

What are the documents required to make this transfer?

When it comes to documents, you will require:

  • Purpose of Remittance: This will include proof that the money transfer is for one of the purposementioned above.
  • KYC Documents: This will include identity proof and proof of residence. The documents could be in the form of your driver’s licence or Aadhar card and PAN card.

Reserve Bank of India (RBI) has issued a list of specified documents required for the authentication of the purpose and identity.

Step-by-step guide for international money transfer from India:

  • Select the wire transfer section on your bank’s website
  • Activate or check your online transfer limit
  • Enter the receiving person’s banking information
  • Enter the purpose of remittance and upload/submit the necessary documents.
  • Enter the amount you wish to send and the currency in which you want the recipient to receive the money in
  • Pay the bank’s fee for processing the transfer
  • Complete the process

Many banks offer you the option of knowing how much time the transaction will take to get through. You can avail this option too. Thebank will check the submitted information, and if found satisfactory, shall permit the transfer.

Today, the market offers you multiple wire transfers by banks and other options to transfer money abroad. However, before you make the transfer, it is essential to know if the bank offers to transfer in the required foreign currency.

Additionally, online wire transfer through reputed financial institutions is a safe way to carry out your transactions. Since they are online, they are also a secure, convenient, and a comfortable option when you want to send money to someone abroad. However, it is best to check your options to transfer money abroad before you settle down on one.

Michael McDonald
Michael McDonald
No Result
View All Result

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019

Categories

  • Accounting
  • Auto
  • Business
  • Coworking space
  • Featured
  • Finance
  • Human Resource
  • Industrial Fume Extractors
  • Industry
  • Investment
  • Laboratory
  • Law
  • Legal
  • Marketing
  • Real Estate
  • Sales
  • Tech

Recent Post

What Are the Applications of mRNA?

What Are the Applications of mRNA?

February 3, 2023

Priorities to Consider Before Starting an SEO Campaign

February 2, 2023

Searching for a Mortgage Loan that Meets Your Needs

February 2, 2023
6 tips for your brand communication

6 tips for your brand communication

January 29, 2023
Apply for Loans at Slick Cash and Get Money in Just Few Hours

How to make SIP investments under 80C?

January 26, 2023

Advertisement

Recent Post

What Are the Applications of mRNA?

What Are the Applications of mRNA?

February 3, 2023

Priorities to Consider Before Starting an SEO Campaign

February 2, 2023

Searching for a Mortgage Loan that Meets Your Needs

February 2, 2023

Quick Link

  • Contact Us
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing

Featured

Copyright © 2019 ibusinessangel.com | All Right Reserved .

No Result
View All Result
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing

Copyright © 2019 ibusinessangel.com | All Right Reserved .

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In