Best ways to transfer Euros from French bank to Indian bank [closed]
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Recently, I moved from Paris, France to Ahmedabad, India. I have bank account in Credit Agricole in France and SBI, ICICI in India.
I would like to transfer euros from my French bank to Indian bank through electronically. What is the cheapest and safe way to transfer this money to Indian bank ?
I do not have time constraints (i.e., I can wait for 1 month also, if this transfer takes time). My only concern is that it should be cost effective.
Best Answer
The best way I have found to transfer money is to use a FX Money Broker. Once your account is set up with them, you can transfer the money to them and then to your final account.
I would recommend locating a broker in Europe as they will be regulated by EU and country laws. It will be cheaper than using your bank's exchange rate when making a transfer.
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Can I transfer euros to my Indian bank account?
You may choose any offline or online international transfer method. Some of the options are foreign demand-drafts, SWIFT-based online remittance or bank-to-bank transfers to send money from Europe to India. Online remittances into your NRE account are faster and there is no limit on the funds that you can send.Can we transfer money from foreign bank to Indian bank?
NRIs can send money directly from their bank account abroad to the recipient's bank account in India. This is called the Wire Transfer of funds. In Wire Transfer, usually, it takes up to 48 hours for the money to get credited to the beneficiary bank account.Can we send money from France to India?
To send money in EUR to India, you pay a small, flat fee of 0.47 EUR + 0.57% of the amount that's converted (you'll always see the total cost upfront). Some payment methods have an added fee, but that's usually tiny too.How can I transfer foreign currency to Indian account?
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