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Transfer Money to India
Posted on 05/01/2011 4:15 pm
Transfer Money to India
Hi
I would appreciate if anybody would tell me the best way to transfer money from my german postbank account to indian ICICI NRE account. The time it takes to transfer is not a big matter for me, but i want to save cost like commission etc.
Thanks & Regards
Rajeev
rajeev
Member since 01/09/2010
Posted on 12/01/2011 12:01 pm
Re: Transfer Money to India
After all bad experiences with icici (Savings/NRO and Money2India i would just say big NO for them!
HDFC QuickRemit always works for me and offers competitive rates 
For transfers > 5000 Euros at once or in part doesnt work with one QuickRemit ID so had to create several ids 
bmilan
Member since 06/09/2006
Posted on 12/01/2011 4:00 pm
Re: Transfer Money to India
Hello bmilan ---thanks for the info.
Coud you tell from ur transactions, approx. what amt is paid per 1000 E ( till 4999 E ) and also when the transfer is > 5000 E?? Does it make a change in the rate ? How is the charge calculated ?
Thanks,
Laxmi
rajnlaxmi
Member since 20/07/2008
bmilan
Member since 06/09/2006
Posted on 12/01/2011 10:54 pm
Re: Transfer Money to India
whether we have to give IBAN number for doing transaction @HDFC.
Is this number we have to get from receiver end bank in India
friend082
Member since 22/03/2010
Posted on 14/01/2011 2:04 pm
Re: Transfer Money to India
I beg to differ with all those against ICICI.
I am using the money2india.com site for my transfers to ICICI accounts in India and it works flawless. The exchange rates provided by ICICI are far better than HDFC or citibank which is citied by the others in this thread. (If you dont believe it, please check the todays exchange rates in each of the sites of ICICI and HDFC respectively).
Regarding the transfer time, PowerTransfer from ICICI takes less than 24 hrs(!!) .
So based on my personal experience, I will suggest you to transfer your money using the Money2India site from ICICI themselves.
Cheers
X5
Member since 29/10/2004
Posted on 14/01/2011 6:55 pm
Re: Transfer Money to India
Could anyone please confirm that ICICI and HDFC gives the exchange rate on the day which the money is credited to their account or on the day that they are executing the transaction to India.
In case of Citibank you get what is on that specific time of the day that you are executing the transaction! But of course the exchange rate is approx 1.5 to 2 Rs less than what is shown on Yahoo at that time.
kramasundar
Member since 30/01/2009
rajendrak
Member since 23/06/2008
Posted on 22/09/2011 4:48 pm
Re: Transfer Money to India
Anybody have experience with transfermate.com?
burkhan
Member since 16/08/2011
