A student friend in Poland wants to receive money from India through an official channel. Anyone knows what is the best and fastest way to do it? Ofcourse there is an option of transfering money to another Indian expats account in India and him receiving local currency in hand. But he needs a proof of transfer.
Any suggestions based on your experience ?
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How To Send Money From India
Started by
Sudheer Poppa
, Mar 17 2007 10:21 PM
9 replies to this topic
#1
Sudheer Poppa
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Posted 17 March 2007 - 10:21 PM
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Lessons on life from Noah' Ark - (a) Dont miss the boat (b) Remember that we are all on the same boat © Plan ahead, it wasnt raining when Noah built the boat (d) Stay fit! When you are 600+ years old, someone BIG may ask your to build something BIG (e) Dont listen to critics, Just get on with the job at hand (f) Build your future on high ground (g) For safety's sake, travel in pairs (h) Ark was built by amateurs and Titanic by professionals (i) It doesnt matter how bad the storm is, as long as God is with you
Lessons on life from Noah' Ark - (a) Dont miss the boat (b) Remember that we are all on the same boat © Plan ahead, it wasnt raining when Noah built the boat (d) Stay fit! When you are 600+ years old, someone BIG may ask your to build something BIG (e) Dont listen to critics, Just get on with the job at hand (f) Build your future on high ground (g) For safety's sake, travel in pairs (h) Ark was built by amateurs and Titanic by professionals (i) It doesnt matter how bad the storm is, as long as God is with you
#2
malkers
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Posted 17 March 2007 - 10:32 PM
Hi Sudheer
Thought you'd know this. It can't be done, the only way you can do it is to physically draw it from an ATM in another country. I believe India is the only country where you can only receive money through Western Union, you can't send it. I also know that we couldn't transfer funds from our HSBC Indian acccount to our UK one.
Somebody will correct me if I am wrong I'm sure!
Malc
Thought you'd know this. It can't be done, the only way you can do it is to physically draw it from an ATM in another country. I believe India is the only country where you can only receive money through Western Union, you can't send it. I also know that we couldn't transfer funds from our HSBC Indian acccount to our UK one.
Somebody will correct me if I am wrong I'm sure!
Malc
Smoked for 25 years but now not smoked since 13th Jan. Am I now a non smoker, a smoker who doesn't smoke or an ex smoker? Do I have to even have a title, can I not just be a 'me'? Has not smoking made me crazy?, probably!
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#3
Sudheer Poppa
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Posted 17 March 2007 - 10:43 PM
Thanks Malc..
Actualy, I still cant believe it... I just heard of it a while back and did some online research, for it is quite unbelievable.
I knew the Indian government was very possessive of the green/blue bucks, but to this extent ?
Actualy, I still cant believe it... I just heard of it a while back and did some online research, for it is quite unbelievable.
I knew the Indian government was very possessive of the green/blue bucks, but to this extent ?
Pic page 1, Pic page 2
Lessons on life from Noah' Ark - (a) Dont miss the boat (b) Remember that we are all on the same boat © Plan ahead, it wasnt raining when Noah built the boat (d) Stay fit! When you are 600+ years old, someone BIG may ask your to build something BIG (e) Dont listen to critics, Just get on with the job at hand (f) Build your future on high ground (g) For safety's sake, travel in pairs (h) Ark was built by amateurs and Titanic by professionals (i) It doesnt matter how bad the storm is, as long as God is with you
Lessons on life from Noah' Ark - (a) Dont miss the boat (b) Remember that we are all on the same boat © Plan ahead, it wasnt raining when Noah built the boat (d) Stay fit! When you are 600+ years old, someone BIG may ask your to build something BIG (e) Dont listen to critics, Just get on with the job at hand (f) Build your future on high ground (g) For safety's sake, travel in pairs (h) Ark was built by amateurs and Titanic by professionals (i) It doesnt matter how bad the storm is, as long as God is with you
#4
H.Nick
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Posted 17 March 2007 - 11:08 PM
This is what my bank seems to offer: see This page here ---International Outward Remittances.
So it seems to be possible.
But it wouldn't surprise me in the least if there isn't a long list of Ifs and Buts, like maybe the sum needs to have come from abroad in the first place?
I wouldn't discount the banks without asking, though.
So it seems to be possible.
But it wouldn't surprise me in the least if there isn't a long list of Ifs and Buts, like maybe the sum needs to have come from abroad in the first place?
I wouldn't discount the banks without asking, though.
#5
malkers
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Posted 17 March 2007 - 11:54 PM
That sure is an issue, if you can prove it was paid in from another country then technically they can't stop you but you have to keep every possible receipt of transaction to prove this! We realised before we left India that we had much more than we could possibly spend in our Indian account in our time remaining. We managed to spend it though 
Smoked for 25 years but now not smoked since 13th Jan. Am I now a non smoker, a smoker who doesn't smoke or an ex smoker? Do I have to even have a title, can I not just be a 'me'? Has not smoking made me crazy?, probably!
Handmade Indian Homewares Online
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#6
Sudheer Poppa
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Posted 18 March 2007 - 04:49 AM
thanks nick... thats a door opening for sure..
This kid's dad cannot really show its from inward remitted, but the fact that you are sending to a dependant son studying abroad should open some doors...
This kid's dad cannot really show its from inward remitted, but the fact that you are sending to a dependant son studying abroad should open some doors...
Pic page 1, Pic page 2
Lessons on life from Noah' Ark - (a) Dont miss the boat (b) Remember that we are all on the same boat © Plan ahead, it wasnt raining when Noah built the boat (d) Stay fit! When you are 600+ years old, someone BIG may ask your to build something BIG (e) Dont listen to critics, Just get on with the job at hand (f) Build your future on high ground (g) For safety's sake, travel in pairs (h) Ark was built by amateurs and Titanic by professionals (i) It doesnt matter how bad the storm is, as long as God is with you
Lessons on life from Noah' Ark - (a) Dont miss the boat (b) Remember that we are all on the same boat © Plan ahead, it wasnt raining when Noah built the boat (d) Stay fit! When you are 600+ years old, someone BIG may ask your to build something BIG (e) Dont listen to critics, Just get on with the job at hand (f) Build your future on high ground (g) For safety's sake, travel in pairs (h) Ark was built by amateurs and Titanic by professionals (i) It doesnt matter how bad the storm is, as long as God is with you
#7
captmahajan
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Posted 18 March 2007 - 08:55 AM
A student has hardly any problems sending money abroad, upto the limit of his fees and living expenses. I am talking from personal experience. I presume his family will be sending the money, so it is easier to state that this is for covering the students expenses.
The bank will require some proof he is a student (in the case of the US, a I20 form is required, dunno about Poland) and some proof of education expenses in Poland. Some forms have to be filled.
In the case of the US, the I20 lists expected expenses, so it is easy to send upto that amount.
How to send? The fastest way is a bank transfer; in the US it reaches the same day.
The cheapest way is handcarrying a bank draft.
And no, there is no problem converting indian rupees to foreign exchange for this purpose.
Finally, you will need the Swift or Chasus numbers for the bank in Poland for the Indian bank to do this. These are just reference numbers for easy transfer since many banks are involved... for example, a US dollar transfer is routed through the USA, a pound transfer through UK, and so on. All banks are used to using this number
edit: no originals are required by the bank, even scanned copies of (eg I20 form) will do
The bank will require some proof he is a student (in the case of the US, a I20 form is required, dunno about Poland) and some proof of education expenses in Poland. Some forms have to be filled.
In the case of the US, the I20 lists expected expenses, so it is easy to send upto that amount.
How to send? The fastest way is a bank transfer; in the US it reaches the same day.
The cheapest way is handcarrying a bank draft.
And no, there is no problem converting indian rupees to foreign exchange for this purpose.
Finally, you will need the Swift or Chasus numbers for the bank in Poland for the Indian bank to do this. These are just reference numbers for easy transfer since many banks are involved... for example, a US dollar transfer is routed through the USA, a pound transfer through UK, and so on. All banks are used to using this number
edit: no originals are required by the bank, even scanned copies of (eg I20 form) will do
Edited by captmahajan, 18 March 2007 - 09:00 AM.
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#8
captmahajan
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Posted 18 March 2007 - 09:03 AM
sudheer, if you need more information, please keep in mind that i do NOT receive email notifications from here for some reason, so I may take a while to reply, till when I log in next.
he who has destroyed craving overcomes all sorrow.
#9
Sudheer Poppa
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Posted 18 March 2007 - 03:59 PM
Thanks captain.. shall pass on the info to this kid. For me it was more of the surprise factor that caught me.
Pic page 1, Pic page 2
Lessons on life from Noah' Ark - (a) Dont miss the boat (b) Remember that we are all on the same boat © Plan ahead, it wasnt raining when Noah built the boat (d) Stay fit! When you are 600+ years old, someone BIG may ask your to build something BIG (e) Dont listen to critics, Just get on with the job at hand (f) Build your future on high ground (g) For safety's sake, travel in pairs (h) Ark was built by amateurs and Titanic by professionals (i) It doesnt matter how bad the storm is, as long as God is with you
Lessons on life from Noah' Ark - (a) Dont miss the boat (b) Remember that we are all on the same boat © Plan ahead, it wasnt raining when Noah built the boat (d) Stay fit! When you are 600+ years old, someone BIG may ask your to build something BIG (e) Dont listen to critics, Just get on with the job at hand (f) Build your future on high ground (g) For safety's sake, travel in pairs (h) Ark was built by amateurs and Titanic by professionals (i) It doesnt matter how bad the storm is, as long as God is with you
#10
geetabakshi
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Posted 11 April 2008 - 12:42 PM
Sudheer Poppa, on Mar 17 2007, 10:21 PM, said:
A student friend in Poland wants to receive money from India through an official channel. Anyone knows what is the best and fastest way to do it? Ofcourse there is an option of transfering money to another Indian expats account in India and him receiving local currency in hand. But he needs a proof of transfer.
Any suggestions based on your experience ?
Any suggestions based on your experience ?
Hi Sudheer,
Have you ever tried remit2india by timesofmoney.com money transfer service? this is this is one of the best money transfer service which offers lowest commission, online tracking, 1800 enquiry, online live helpdesk and multiple options to send money.
I hope your friend will definitely get some advantage from this.
