2,50,000 USD or its equivalent in any other foreign currency in a financial year.

No, the sender and receiver cannot be same when sending money from India to another country abroad, except in the case of NRI repatriation scheme.

A maximum of USD 2,50,000 can be sent abroad in a single transaction. Please Note : This is also the maximum amount of money that can be sent abroad by a resident Indian in a financial year (Approx - Rs.1.50Cr). One can utilise this limit through a single transaction or by breaking it into multiple transactions throughout the year.

Senders PAN card copy and Passport/Aadhaar copy. Beneficiary Passport Copy and Relationship Proof (if required). If the money is being sent abroad for any other purpose other than gift/maintenance of close relative, then purpose proof would be required as well.

Yes there is always a beneficiary bank charge/intermediary bank charges that depends on the beneficiary bank and varies from time to time and also according to the country where money is being sent and the beneficiary bank. For banks in US, approximately 12-15 USD are the charges.

The maximum time taken for getting the amount reflected in beneficiary account is 48 working hours, i.e. two working days if the transaction is done before 2.30 pm by the sender in India

The rate for overseas education is less compared to any other purpose of transfer due to RBI and Government policies.

No, the transfers to company accounts are not possible through ExTravelMoney.com. We only support and facilitate transfers from sender's personal account to beneficiary's personal account abroad.

Yes, the sender should be present. It is for the safety of the sender & it is the operational process as per RBI guidelines. Door step services for KYC pickup are provided by some money changers based on the volume of transaction.

Yes, money can be sent from India to a foreigner's account, but there are rules and regulations set by the Reserve Bank of India (RBI) that have to be followed such as providing the correct KYC details. The KYC documents necessary for this transaction are Govt. ID Proof containing the address of the sender, PAN card of the sender, latest bank account statement of the sender (if required), & Passport Copy of the Beneficiary abroad.

The account has to be a personal savings account. If transfer is happening from a joint account then a bank statement showing that particular transaction should also need to be submitted along with the other documents required.

The payment has to be done through NEFT or RTGS. Cash transaction, cheque or Demand draft is not accepted when it comes to Outward Remittance from India.
Read : 10 Remittance rules every Indian student heading abroad should know