![]() ![]() However, most banks will levy a charge for transferring remittances online. Some big banks, like FAB, offer account holders the opportunity to send remittances without additional cost. At the same time, others might rely on their bank accounts. Some people prefer using money exchange agents because it’s what they’ve always known. While there are many different ways to transfer money from the UAE to India, consumers need to know which method is the best. The exchange center will perform a cash transfer after charging the credit card. To transfer money through a credit card, senders must take their credit cards to an exchange center. The bank will recognize the transfer as a cash advance or a purchase. However, credit card providers tend to charge extra fees on international fund transfers. Most credit cardholders in Dubai can use their cards to send money to India from their accounts. Take a look at what remittance services banks offer before opening an account. However, some banks in the UAE, like FAB, provide free monthly international remittances to their bank account.Īs a result, this is one of the cheapest ways to send money to India from the UAE. While it might be super convenient, most banks charge remittance fees on the transfer. Generally, this is one of the fastest methods of sending money online from the UAE to India. For example, most prominent banks in the UAE allow clients to enter the beneficiary details straight through their internet banking facility.Īfter adding the beneficiary, the account owner can transfer the desired account directly from their bank account. The sender will also have to pay a currency exchange fee on the transaction.Īside from relying on exchange centers, banks also provide remittance facilities. Get the necessary details like the receiver’s name, account number, swift code, etc.Īfter making the deposit, it’ll take 2-3 business days for the cash to be credited to the account. The exchange centers also employ a processing fee, which will take a few days for the receiver to get the cash.Īside from a straight cash transfer, exchange centers also offer senders the ability to transfer the amount to the recipient’s bank account. After the conversion, they’ll send the money to the destination. Then, the exchange center will convert the currency according to the exchange rate between AED and INR. Only if the sender provides all the necessary information and documents will they be able to deposit the cash. Senders must provide details like the receiver’s name, complete address, and government ID proof. The sender can visit these centers with the cash they’d like to send the receiver and make the deposit. Obviously, there are mediums known as exchange centers in the UAE that handle cash transfers. In a cash transfer, the sender deposits the cash, and the receiver receives it in the form of cash itself. The most traditional and long-standing way of transferring remittance from the UAE to India is through cash transfer. So if you want to transfer money online from UAE to India, using payit makes a lot of sense. While another service might levy small processing fees, transferring money through payit has no fees. Using a digital wallet is arguably one of the most affordable ways to send money from the UAE to India. Transferring money through a payit wallet is super easy and cheap. ![]() It’s prevalent among overseas workers for one particular reason. Payit is quickly emerging as the digital wallet of choice for people in the UAE. A digital wallet or an e-wallet is a software-based system that securely stores payment information and passwords for multiple payment methods and websites. Let’s look at other ways you can send money from the UAE to India.ĭigital wallets are starting to emerge rapidly and are quickly becoming one of the best ways to send money to India from the UAE. ![]() This blog explains how you can send money to India from the UAE using the payit app most conveniently without visiting a money exchange or a bank.ĥ Ways You Can Send Your Money From UAE to India Then we have only one answer, through the payit app. If you’re wondering which money transfer method is the best to send money from UAE to India?. Indian expats are some of the most prolific overseas workers and represent a significant majority in the UAE. ![]() One of the most important considerations for any overseas worker is how easy it is to send money home. ![]()
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