Comments on: Best way to send money to india - Money2india.com http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html Opinions on Business Technology & Life from Ravi Dronamraju Sun, 06 Jul 2008 03:27:02 +0000 http://wordpress.org/?v=1.5.2 Comment on Best way to send money to india - Money2india.com by: kartik http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-189804 Tue, 29 Apr 2008 11:00:21 +0000 http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-189804 I think the best way to send money is REMIT2INDIA by times group . this is the best service which i ever experienced. latest and best exchange rates, quick and safer transactions, online tracking of your money and a good customer support and what else you required? evrything is under one roof me and my family both are happy with remit2india here is a quick link: http://www.timesofmoney.com/remittance/jsp/home.jsp Enjoy Every Moment I think the best way to send money is REMIT2INDIA by times group . this is the best service which i ever experienced. latest and best exchange rates, quick and safer transactions, online tracking of your money and a good customer support and what else you required?
evrything is under one roof me and my family both are happy with remit2india
here is a quick link:
http://www.timesofmoney.com/remittance/jsp/home.jsp

Enjoy Every Moment

]]> Comment on Best way to send money to india - Money2india.com by: ac http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-182552 Wed, 09 Apr 2008 01:55:35 +0000 http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-182552 SBI will give you best value. Their online service is pretty good. You can compare the rates they are offerring with other banks. e.g. today remit2india is giving 78.38, SBI gives 78.69 and remit2india chage you GBP5 per transaction. (try onlinesbi.com/glsus or glsuk etc.). I have an account in UK (Natwest) and one in India (with SBI) so it's was easy for me to send money. Transfer to other bank accounts is as easy, but has a small charge (Rs50/). ICICI/Citi may offer you better service (mostly cosmetic in my opinion) but they have hidden charges and traps that will surprise you later, when you don't have a choice. HTH SBI will give you best value. Their online service is pretty good. You can compare the rates they are offerring with other banks. e.g. today remit2india is giving 78.38, SBI gives 78.69 and remit2india chage you GBP5 per transaction. (try onlinesbi.com/glsus or glsuk etc.).

I have an account in UK (Natwest) and one in India (with SBI) so it’s was easy for me to send money. Transfer to other bank accounts is as easy, but has a small charge (Rs50/).

ICICI/Citi may offer you better service (mostly cosmetic in my opinion) but they have hidden charges and traps that will surprise you later, when you don’t have a choice.

HTH

]]> Comment on Best way to send money to india - Money2india.com by: Hitesh http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-180273 Mon, 31 Mar 2008 07:33:30 +0000 http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-180273 Prakash, you should avoid city bank at any cost. It is giving almost 80Paise less than ICICI. Check this comparison: http://sendingmoneytoindia.blogspot.com/2008/03/city-bank-vs-icici-remit2india.html Prakash, you should avoid city bank at any cost. It is giving almost 80Paise less than ICICI. Check this comparison: http://sendingmoneytoindia.blogspot.com/2008/03/city-bank-vs-icici-remit2india.html

]]> Comment on Best way to send money to india - Money2india.com by: Prakash http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-166833 Thu, 21 Feb 2008 03:21:42 +0000 http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-166833 I have worst experience with Citibank and plz tried to avoid citibank. You can easily compare, they always give worst rate. If you have account they have so many hidden charges, you will be surprised with their hidden cost. Why should somebody should give free money to them, it is really not making sense.Atleast give it charity even if it is as little as RS 100. If you have home lone withthem u will have lot of hidden charges.. Plz do not use citibank for loan or remitance or for any reason. Remember you no need give ur hard earned money for free,atleast give it to charity. Never never use citibank,soon I will be closing account,once my home loan is over. Best of luck.. I have worst experience with Citibank and plz tried to avoid
citibank. You can easily compare, they always give worst rate.
If you have account they have so many hidden charges, you will
be surprised with their hidden cost.
Why should somebody should give free money to them, it is really
not making sense.Atleast give it charity even if it is as little as RS 100.
If you have home lone withthem u will have lot of hidden charges..
Plz do not use citibank for loan or remitance or for any reason.
Remember you no need give ur hard earned money for free,atleast
give it to charity.
Never never use citibank,soon I will be closing account,once my
home loan is over.
Best of luck..

]]> Comment on Best way to send money to india - Money2india.com by: Aravind http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-164810 Sat, 16 Feb 2008 10:47:19 +0000 http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-164810 In reponse to Rama's question : 18. How much foreign exchange can a resident individual send as gift / donation to a person resident outside India? Limit of USD 200,000 per financial year under the Liberalised Remittance Scheme would also include remittances towards gift and donation by a resident individual. Accordingly, under the Scheme, any resident individual, if he so desires, may remit the entire limit of USD 200,000 in one financial year as gift to a person residing outside India or as donation to a charitable/educational/ religious/cultural organization outside India. Remittances exceeding the limit will require prior permission from the Reserve Bank. Reference : RBI : http://www.rbi.org.in/Scripts/FAQView.aspx?Id=53 In reponse to Rama’s question :

18. How much foreign exchange can a resident individual send as gift / donation to a person resident outside India?

Limit of USD 200,000 per financial year under the Liberalised Remittance Scheme would also include remittances towards gift and donation by a resident individual. Accordingly, under the Scheme, any resident individual, if he so desires, may remit the entire limit of USD 200,000 in one financial year as gift to a person residing outside India or as donation to a charitable/educational/ religious/cultural organization outside India. Remittances exceeding the limit will require prior permission from the Reserve Bank.

Reference : RBI : http://www.rbi.org.in/Scripts/FAQView.aspx?Id=53

]]> Comment on Best way to send money to india - Money2india.com by: Akbar http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-162310 Sun, 10 Feb 2008 06:47:28 +0000 http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-162310 Is SBI offers online money transfer? How many days it takes and how much it will charge me to transfer 4k CADs to SBI account in india? Citi is offering rupee checking account with no minimum balance required for 10 yrs. But we need to open account before Feb 29th,08. And its also offering No remittance charge and no service charge. So, which bank is better (SBI or Citi or ICICI) to transfer 4k CADs to ICICI/HDFC account in india? Is SBI offers online money transfer? How many days it takes and how much it will charge me to transfer 4k CADs to SBI account in india?
Citi is offering rupee checking account with no minimum balance required for 10 yrs. But we need to open account before Feb 29th,08. And its also offering No remittance charge and no service charge.
So, which bank is better (SBI or Citi or ICICI) to transfer 4k CADs to ICICI/HDFC account in india?

]]> Comment on Best way to send money to india - Money2india.com by: Rama http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-159656 Mon, 04 Feb 2008 05:57:27 +0000 http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-159656 Hi, I have a question about the reverse case; what is the best way to transfer money from India to US? Any suggestions are much appreciated. Thanks. Rama. Hi,

I have a question about the reverse case; what is the best way to transfer money from India to US? Any suggestions are much appreciated.

Thanks.
Rama.

]]> Comment on Best way to send money to india - Money2india.com by: devang gandhi http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-158731 Sat, 02 Feb 2008 02:03:48 +0000 http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-158731 Thanks for the info. I think it comes down to SBI and remit2india. ICICI and citibank are certainly not good. Thanks for the info. I think it comes down to SBI and remit2india. ICICI and citibank are certainly not good.

]]> Comment on Best way to send money to india - Money2india.com by: Vishal Saxena http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-154638 Mon, 21 Jan 2008 17:28:42 +0000 http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-154638 Never use remit2india.com , they do not deliver the correct amount which they show up during tranaction processing also their claim to give best exchange rate is not correct because you actually loose more money with this trick , if you go with other companies then even with poor exchange rate you might get goot amount so be carefull. Never use remit2india.com , they do not deliver the correct amount which they show up during tranaction processing also their claim to give best exchange rate is not correct because you actually loose more money with this trick , if you go with other companies then even with poor exchange rate you might get goot amount so be carefull.

]]> Comment on Best way to send money to india - Money2india.com by: Vinay Challa http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-152394 Mon, 14 Jan 2008 09:35:04 +0000 http://www.dronamraju.com/blog/2006/07/best-way-to-send-money-to-india-money2indiacom.html#comment-152394 Greetings everyone, I was going through all your comment, suggestion, frustration etc. Got to appreciate you guys for sharing your experiences. I see every body is comparing apple to apple with rates, I want to know who can send the money fast ( ICICI, SBI, CITI, etc). I don't regularly send money to India, but I do send every 3 months or so. Each time I send, it will be some sort of expenses or emergency. I don't earn much so I cann't afford sending money on monthly basis. Any suggesstions on sending money fast are greatly appreciated. BTW I don't have my personal account in SBI, ICICI, or HDFC. I generally send money to my friends account ICICI. I would like to open one, any info will be helpful. My experience withWells Fargo (Remitance Account) in collaboration with ICICI did helped me couple of times. I was able to send the money with in 20 to 24 hrs. I was ammazed by the service. On the other hand I got a lesser rate (differance of Rs 1.20). No regreats. It helped me a lot at each instance. But lately I see there were lot of unseen charges some from bank and couple from Remitance. I came to know later that there is $5 charge per transaction. I finally closed my account because of Wells Fargo Bank misceleneous charges were going beyound the limits. I finally closed my account with them. I am in search of a money transfer process. I don't know when I need to send money. TTYL, Vinay. Greetings everyone, I was going through all your comment, suggestion, frustration etc. Got to appreciate you guys for sharing your experiences. I see every body is comparing apple to apple with rates, I want to know who can send the money fast ( ICICI, SBI, CITI, etc). I don’t regularly send money to India, but I do send every 3 months or so.
Each time I send, it will be some sort of expenses or emergency. I don’t earn much so I cann’t afford sending money on monthly basis. Any suggesstions on sending money fast are greatly appreciated. BTW I don’t have my personal account in SBI, ICICI, or HDFC. I generally send money to my friends account ICICI. I would like to open one, any info will be helpful.
My experience withWells Fargo (Remitance Account) in collaboration with ICICI did helped me couple of times. I was able to send the money with in 20 to 24 hrs. I was ammazed by the service. On the other hand I got a lesser rate (differance of Rs 1.20). No regreats. It helped me a lot at each instance. But lately I see there were lot of unseen charges some from bank and couple from Remitance. I came to know later that there is $5 charge per transaction. I finally closed my account because of Wells Fargo Bank misceleneous charges were going beyound the limits. I finally closed my account with them. I am in search of a money transfer process. I don’t know when I need to send money. TTYL, Vinay.

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