Western Union is a wire money transfer service which allows one to quickly transfer money the world over. One can go to a designated Western Union location and then send money to any location as required. The recipient can collect money at a Western Union location within their area or have cash deposited into a checking account. Basically, it is just an electronic transfer of funds, similar to that of PayPal.pop over to these guys
Are you interested in the convenience of signing up with only one or two services that are on average cheaper than the rest? If this is the case for you, our research has found that, generally, regardless of the amount sent, opening an account with XE Money Transfer would be your best bet.
I will be recieiving gift money from my father of approximatel 50 lakhs for sale of business which i need to transfer overseas since its a gift i am not willing to pay any taxes. What is the best way to transfer the funds over and what documents will be needed?
There are no restrictions on the rights of a Karta to gift assets of the HUF to anyone under the tax laws. However, if the gift is made to a family member, the income tax department may treat this as partial partition of the HUF and disregard this for income tax purposes.
HI, I am NRI living i Australia. I have a property in India which i want to give to my mum. I still have Rs 24,00,000 loan remaining with the bank. Can i keep paying that loan after transferring the property to my mum or the loan has to be paid off before transferring the property?
There are several limitations on the transfer of funds from non-resident Indian (NRI) accounts. These limitations are put in place to ensure compliance with India's foreign exchange regulations and to prevent money laundering. Some of the limitations on NRI fund transfers include:
Business holidays and weekends: Bank holidays tend to delay wire transfers. Different countries have different bank holidays. This, in addition to weekends, can delay the time it takes for a wire transfer. The number of intermediary banks or currency conversions may also influence the speed of a wire transfer. Hence, when you wonder how long does a wire transfer take, consider pre-planning as a part of the response.
Non-Resident Indians (NRIs) can repatriate a maximum of $1 million without paying any tax on money transfers from India to the USA. The reason is, as per Section 206C(1G) of the Income Tax Act, there is no applicable TCS when NRIs transfer money from their NRO to their NRE account.
Your recipient can then collect their cash at a Western Union location near to them, or you can arrange to have the money sent directly to their bank account or even mobile wallet.2 Not all payment and recipient options are available in all countries.
5.remaining 80 percent as loan amount for fifteen years
HI, I am NRI living i Australia. I have a property in India which i want to give to my mum. I still have Rs 24,00,000 loan remaining with the bank. Can i keep paying that loan after transferring the property to my mum or the loan has to be paid off before transferring the property?
Pay-out Method: Customers opting for the cash pickup or mobile wallet pay-out option, will typically see funds arrive within minutes, albeit for a fee. On the other hand, bank deposits may take up to 2 days to be delivered due to the corresponding banks involved in processing the payment.
My daughter in US is a neighborhood. How much can she gift mother and sister in 2019 from her nro account.
According to the Reserve Bank of India (RBI) guidelines, an Indian resident can gift up to USD 250,000 per financial year to an NRI spouse who is an Indian citizen or of Indian origin. This gift can be made in any form, including by way of a bank transfer to your wife's account in India.
There is no recipient tax on money being transferred from abroad to India when it's being sent to blood relatives. In general, "blood relatives" -- including spouses, children and grandchildren, siblings or in-laws -- don't pay tax on any amount you send.
IFSC stands for Indian Financial System Code, an 11-digit alphanumeric code that identifies bank branches in the National Electronic Funds Transfer network. If you are sending money to India, you will need to provide this alongside the recipient's bank name and account number.

Yes. As of May 2021, users can send money from the US to India using Google Pay in partnership with Western Union and Wise. To set up a Google Pay transfer, you'll need to make sure that your recipient in India also uses Google Pay and that their bank account is connected via UPI. From there, you'll be able to transfer just like you usually would on Google Pay, with the additional step of clicking through Western Union or Wise.euro indian rupees rate today may usd to inr