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Old 6th August 2008, 11:23   #1
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Default Need help: Money transfer to UK

Hello!
Can anyone suggest ways to send money to UK? Any suggestions on offline transfers be welcome. I had borrowed in USD , so can I send it in USD?

Thanks!
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Old 6th August 2008, 11:49   #2
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Western Union?

And why not transfer it directly to his/her account from local banks?
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Old 6th August 2008, 11:54   #3
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You can transfer an equivalent of GBP after the conversion. Your bank can help you, you will have to fill a form for the transfer to another account out of india.


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Hello!
Can anyone suggest ways to send money to UK? Any suggestions on offline transfers be welcome. I had borrowed in USD , so can I send it in USD?

Thanks!
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Old 6th August 2008, 19:36   #4
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Originally Posted by jkdas View Post
Western Union?

And why not transfer it directly to his/her account from local banks?
Westren Union doesn't work in this situation. They only send money to India from overseas not the other way around. Money gram can help you

HDFC bank does give this facility & so does Union Bank. I used them both to transfer money to my brother in Australia. You need to have person' s name, account no, address of the bank (where the account is) & the swift code for that bank.

Hope it helps.
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Old 7th August 2008, 09:29   #5
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thanks guys! i'll ask my bank.
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Old 8th August 2008, 18:21   #6
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Yup, there any categories under which you can transfer money out of an HDFC bank account such as Gift, Educational etc etc. The limit of a Gift transfer is USD 5000 a year. This is the highest limit amongst all the categories.
You can send it in any currency, and they will give you the exchange rate of that day itself. It usually take (they say) 2-3 days for the transfer to take place, but in every one of my transfers it was completed the next day
They charge Rs.200 for every such transfer. You have to fill out 2 forms, second one in duplicate - so it doesnt take too long at the bank.
Good thing about them is that, they give you a copy of the swift code receipt so you can mail it to whoever you sending money to.
As far as Western Union goes, my experience (of 2 months ago) taught me that they do not allow outbound transfers only allow incoming ones.
(I have just made 3 transfers to China in the past 2 months and have an account with HDFC - thats why I know)
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Old 23rd November 2008, 19:57   #7
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Guys my family is planning to sell our property in India and transfer that money to UK. Anyone here knows whether this can be done? I know there is a limit of $5000 which can transferred out every year but the money involved here is quite more than $5000.

I have heard about off-shore accounts but don't know much about it. Can anyone help please?

Also would we be liable to pay tax on the money in UK that is transferred from India?

Thanks in advance!
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