Sending Money to India
I posted one Qstn Yday regarding the above subjects.
Still I am having some more doughts..
Me have SB accnt in State Bank of Travancore.Can i possible electronic transfer to SBT from Commercial/Doha bank?
Hw much will take as service charge?
Hw abt Exchange rate of both?
What is the use of NRE accnt in Indian?
Is it need?What is its benifit? or SB accnt is enough?
From Commercial and Doha bank Which one gves better service?
What i want to do for starting one accnt thre?
Please guide me..
Thanks in Advance.
Thank u ..
I just want to know one more.
Is it avilable to State Bank of Travancore,India?
banks charge 10 to 15qr per transfer, same as of exchanges
doha bank & commercial bank both have online facility by which u can send money by sitting in ur home or office. first they will confirm ur indian bank a/c which will take 2days time. tranfer is instant. exch rates r available at bank sites, not much of difference with money exchanges
- Exchange rate is 1 QR = .086 means 86 Riyals = 1000 Rs
- Banks charge more for electronic transfer and their exchange rate is also bit higher. Always transfer your money through money exchanges. If you need the money urgent in India..you can use telex transfer you will get it same day. or you can take a Draft and send it by post to your bank.
- NRE account is not liable for income tax. You get more interest for NRE account.
- Its always better to have an NRE account.
- Both commercial Bank and Doha bank are good.. I prefer commercial Bank.
- You need a letter from your employer and a copy of your RP and passport copy to start a bank account here.
check with Commercial bank or Doha bank so that you get the exact information