How to send money from India to UAE

How to send money from India to UAE

Sending money from India to other countries is easy. You can now send money from India to the UAE for any purposes such as overseas education, medical treatments abroad, overseas tours, immigration and other financial services by sending money from India to other countries online with very few steps and documents.

If you plan to send money from India to Dubai, here are the best ways to process your transfers.

send money from india to dubai bank account :

If you want to transfer money from India to the UAE, the bank is probably the first stop. However, in addition to the exchange rates for converting Rupees to Dirhams, you may also have to pay anchoring you two ways to send money through your bank.

wire transfer :

Wire Transfers are an electronic method of funds transfer across a network managed by hundreds of Indian and International banks across the world. Using this you can transfer money from your Indian Bank account to another account outside India. Wire transfers are considered to be a safe and secure way of sending money to different countries. The usual time period for the transfer to take effect lasts anywhere between 1-2 days.

Foreign Currency :

A Foreign Currency Demand Draft is another method alongside Wire transfers, that is employed for dealing with international money transfers, be it for tuition fees, medical expenses or VISA fees etc. Demand drafts are made 'favouring' the beneficiary. This means for the beneficiary to receive the money the draft has to be encashed in the bank. DDs can be re-issued if lost or stolen.

Online Money Transfer :

If you need to transfer money to the UAE, there are companies (local merchants) that are much cheaper, faster, and you can make the transfer safely online. Most often, you can save up to 90% on fees when compared to banks.

Here are some money transfer companies in the UAE where you can transfer money easily and safely.

Currencies Direct LTD :

Currencies Direct was given the accolade of being on the “London Sunday Times Fast Track 100” list, which showcases businesses that are on the cusp of becoming some of the biggest players in the field. A year after that, in 2006, the company was up for the National Business Award and reached the finals. Adding even more to its impressive resume, Currencies Direct partnered with national banks in Spain in 2012 to offer additional ease of opening accounts. Shortly after that, the World Economic Forum named it a “Global Growth Company” due to its expanse of 17 offices across the world.

What fees when making an online transfer?

There are no fees when making an online transfer with Currencies Direct, no matter the country you need to send to. This benefit alone is one of the reasons why more and more people stop using banks for their money transfer needs.

You can directly access the company website here

Company name: World First LTD :

World First has grown and expanded over the years, now reaching a worldwide audience with offices on 3 continents and over 600 employees. This way they can better understand the needs of their customers and satisfy the legal boundaries (as certain countries require local regulations to be imposed).

Their continued care for their customers has led them to win many awards each year from 2009 until today, proving that indeed, they are a trusted company.  You can check them in detail below in this WorldFirst Review, and in additional articles written about them.

One of the best financial services out there! Quick sign up, coherent system and friendly dealers. Excellent, competition-beating rates for our readers.

margins of as low as 0.5% to 0.15%! Cheapest company

You can directly access the company website here

Company name: Transferwise LTD :

Transferwise was established to enable clients, especially expats and immigrants, to send their money home or buy properties abroad for cheap. In order to accommodate savings, they offered an affordable exchange rate and fees of only 0.5% of the money being transferred.

This has made the company incredibly appealing to customers while allowing them to break through the competition and become one of the top 10 startups in the world today. It comes off as highly recommended by everyone, clients and media alike, and we are no different – use this firm to maximise your savings.

You can directly access the company website here

Transfer Money from India to UAE by Western Union :

If you plan to send money from India to person at the other end in Dubai, to be able to pick up the funds in cash a Western Union money transfer may be the best option. There are Western Union locations throughout the UAE, including several in Dubai Your recipient can stop by the location and pick up the funds in cash. Western Union also offers a bank deposit option.

find a Western Union office in your area at the Western Union search location page. Once there, you'll complete a Send Money form and hand the funds over to the agent, along with the form. You'll be given a receipt and tracking number that you can use to track your transfer along the way. Your recipient will also need that tracking number, along with identification, to pick up the funds.

You can directly access the company website here

Transfer money using PayPal app :

Money Transfer Using the app, perhaps the easiest way to transfer money from India to UAE is online. If you have a PayPal account, PayPal India may be the simplest way, but you'll pay a GST fee, as well as the cost of currency conversion to send money across international borders.

There are many other online services that strive to compete with PayPal and other services, so it's important to move before you settle on a service.

You can download the application from the bottom