How to transfer money from US to India?
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Please suggest any best and safest way to transfer money from US to India and what would be the charges?
Also, once I get the money from NRE to NRO account then will it be chargeable to my parents, if I transfer same funds to their account?
Thanks in advance.
Also, once I get the money from NRE to NRO account then will it be chargeable to my parents, if I transfer same funds to their account?
Thanks in advance.
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https://www.desidime.com/discussions/how-to-transfer-money-from-us-to-india?post_id=9561957#post_9561957
Okay, thank you for the suggestion.
https://www.desidime.com/discussions/how-to-transfer-money-from-us-to-india?post_id=9567123#post_9567123
Online Money Transfer Services:
- There are various online services like, TransferWise (now called Wise), Remitly, Payoneer, and others that allow you to send money internationally. These services often offer competitive exchange rates and lower fees.
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Depends on how much USD u plan to send . Usually riatransfer( good rates small amounts) and moneygram ,XE.com are also good and trustworthy.
https://www.compareremit.com/compare-money-tran...
Just dont go with some untrusted name .
If u plan to do large amounts 50k USD then best is Wise (formerly known as Transferwise)
Transfer from ur acc to NRE (exempted) and if u plan to give to parents then u can do that its tax free for them . As long ur under 250kUSD i think , gifts are non taxable.
Charges depends on several factors , some will give u exact rate but charge fees ef Wise , some will give u bad exchange rate but no transfer fees . Hence check that acordingly .