Friday, September 19, 2008

14 ways to transfer money from Italy to India

If you are living in Italy, you must be knowing that there is not direct bank which has collaboration with Indian Banks. I am writing here the different ways to transfer money to India that I found looking on google or searching on the net.

These methods works from Other part of the world to India, so You can try this. you can choose the best method based on your need.

  1. SWIFT (BIC) (Unlimited with fixed fee)
  2. Western Union (Limited to 95,000 INR)
  3. Money gram (Limited to 95,000 INR)
  4. Times money remit to India
  5. ICICI Money to India
  6. Paypal
  7. Moneybookers
  8. Ikobo Money Transfer
  9. XOOM, send money worldwide
  10. Via SBI intermediate, Instant Transfer
  11. Account with PNB London, send money free to Indian PNB account, Also free moeny transfer to Everest bank in Nepal
  12. Account with ICICI UK
  13. Keep account in Italy and debit card in India
  14. Illegal ways (not recommended)

Something interesting ways for USA friends
  • Vision Premier pre paid visa card
  • Obopay, free and quick money transfer

If you know something more methods, please leave a comment. I will update the list as soon as I get the time.

4 comments:

  1. The WU transfer is not limited to 95,000 INR as you mentioned. I have transfered more than this. There is no limit to send from Italy. To receive in India, there is some limit like 10 lakh per year. But this is not a problem as it is not so strict.

    Another factor is that, if the amount is greater than 50,000, a cheque is issued instead of cash.

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