Instead of making a direct bank to bank transfer which is expensive you use an intermediary international money transfer company that doesn t keep a hidden mark up on the currency exchanges and charges low transparent fees. Through wire transfer telegraphic transfer.
Best way to send money to india from uk in 2020.
How to transfer money from indian bank to uk bank. A list of the best and safe low cost uk to india money transfer services with the best deals inside. Currently your options to transfer money to the united kingdom are relatively limited. This applies to all funds related to foreign direct investment portfolios or any other type of capital gains.
Essentially you d still transfer money from indian bank to uk bank account abroad. How to send money to the united kingdom from india transferwise makes transferring money to the united kingdom a breeze. Currently it is prohibited to transfer rupees out of india as enforced by the reserve bank of india.
This is the method used by banks and money changers in india to transfer money from an indian bank account to a uk bank. Check the process of options identified to transfer uk pound into the indian bank account in rupees find the list of companies and applications for transfer uk pound to rupee in online having money conversion to india is a regular process that has been seen by many individuals and an individual who is working in the uk or has settled their. However income and profits acquired in such areas can be wired using an authorized money.
Just tap in how much and where to. To send indian rupees to a bank account in pounds sterling in the united kingdom the cheapest provider at the moment is skrill with zero transfer fees and a competitive inr gbp conversion rate their current exchange rate is 1 inr 0 0102 gbp. Restrictions on sending money from india.
Then make a local payment to transferwise whether it s with a bank transfer swift or your debit or credit card.