Sending money from Dubai to India
Hi everyone, for those of you who live or work in Dubai, Abu Dhabi, or anywhere in the UAE or outside India, how do you transfer money back to India? What is the most effective way, and what are the charges associated with remittance?
Deep4ever
Stealth
6 months ago
Wise is good.
Umadbro
Stealth
6 months ago
Wise is cheap. They show an exchange rate with some markup. The markup is lower. In the background they utilize a sort of legal hawala mechanism.
DaringTrain
Stealth
6 months ago
EmiratesNBD works as well. They have direct remit to HDFC bank. Charge is 50bps.
DaringTrain
Stealth
6 months ago
Just to clarify the charge is because of Fx conversion rate
Is there any account opening charges or any one time charges apart from Emirates NBD exchange rate?
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DaringTrain
Stealth
6 months ago
Crypto se INR conversion me hi fee lag jati hai. Usse better to use remittance app
Not really, what platforms are you using? There's no fee in P2P and usually crypto to fiat gives you a higher rate anyway, so the small fee is off set
Listen, it's not rocket science. Use a bank transfer or an online service. But remember, "sasta roye baar baar, mehnga roye ek baar". What's your risk appetite?
Namkeen
Stealth
5 months ago
Use Vance app. Google rate. First three transfer free if you Use my referral code 0Q7GAJ to sign up- https://vance.onelink.me/DYot/refer
Using it since last 1 year
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