How to transfer money from India to UAE bank account?
- Step 1:Tell us the specifics of your remittance like amount and purpose of remittance. Get instant exchange rates for UAE Dirham from banks and RBI approved dealers.
- Step 2:Choose the exchange house to perform the transfer. The exchange rate would be valid for the entire day.
- Step 3:The amount to be transferred has to be deposited in the current account of the chosen exchange house as NEFT/RTGS/Cheque. For verification purposes, make available the necessary KYC documents to the store or request for them to be picked up from your home!
- Step 4:All done! The order will be processed once the amount has been confirmed as received at the exchange house. The transfer ideally takes place within 48 hours. You’ll receive the swift copy for the same.
ExTravelMoney.com is the complete solution for your every forex needs. You can now send money abroad from the comfort of your home, be it for maintenance of a close relative, travel remittance, emigration fee or gift remittance. International money transfers are supported in two ways : Telegraphic/Wire Transfer (TT) or a Demand Draft (DD). Let us know how much money you want to transfer and find RBI approved banks and forex houses near you. The rates at which the money can be sent by each bank and money transfer agent will be shown on your screen. Use this information to select the money changer who works best for your needs and place the order. After the order has been placed our customer care executives will get in touch with you via phone and guide you through the process. Expect the money to be credited within 48 hours to your beneficiary’s account.
What is 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.
What is a foreign currency Demand Draft?
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.