Can an Indian receive money from a foreigner through Western Union?

Ebix Money Express Private Limited to offer Western Union Money Transfer (WUMT) a popular money transfer service in India for personal remittances from NRIs from foreign countries. … The money will be received in India within few minutes it has been sent from abroad.

Can a foreigner transfer money to Indian account?

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 Indians receive money from abroad?

It is perfectly legal to send money to your parents in India and they will not incur any tax on the transferred amount. … The money received in an Indian bank account from a relative abroad is known as inward remittance and these remittances are governed by the Foreign Exchange Management Act (FEMA).

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Can I receive international payments through Western Union?

Our current money transfer service is to overseas bank accounts only. Visit our FAQs for more information or call us from 9 am – 9 pm. Western Union also makes money from currency exchange. … Fees, foreign exchange rates, and taxes may vary by brand, channel, and location based on a number of factors.

How can I receive money from foreign?

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  1. PayPal. PayPal has long been in the global money transfers market. …
  2. Instamojo. …
  3. Xoom. …
  4. SBI. …
  5. HDFC bank. …
  6. ICICI bank. …
  7. Axis bank.

How much money can be transferred through Western Union to India?

Currently, you can send up to 200,000 INR per transfer. Western Union is the first money transfer service company to use a UPI transfer internationally. 1.

What is the best way to send money to India?

Below are some of the best ways of sending money to India.

  1. ACH transfer.
  2. Wise.
  3. Money orders.
  4. Remitly.
  5. Wire transfer.
  6. Xoom.com.
  7. MoneyGram.
  8. Western Union.

What is needed to receive money from Western Union?

With Western Union, you can receive money in cash at any of Western Union® Agent location. Just visit one near you with your government-issued ID. You’ll also need to ask the sender for the tracking number (MTCN).

Can Western Union send money from India to USA?

You can send money from India to the US via the Western Union online service. Visit their website and register to initiate the transfer and pay via your bank account. Your recipient will get the money directly in their bank account. The service time is one business day and the transaction can be tracked online.

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How much money can an Indian send abroad?

If your kids studying or working abroad need money, how much can you transfer them at one go? Under the Foreign Exchange Management Act (FEMA) provisions, an Indian citizen can remit up to $250,000 (around ₹1.86 crore at present) in a financial year for specified transactions.

How can I receive money abroad from India?

The only legal way to receive money in India (for personal transactions) would be by way of “Wire Transfer” via bank account. The sender abroad must initiate an international “Wire Transfer” from their bank account to your bank account in India.

How can I receive money from Western Union in India?

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  1. Visit a Western Union agent location.
  2. Provide your sender’s details, including the Money Transfer Control Number (MTCN).
  3. Show a government-issued photo ID.
  4. Get your money once your details have been verified.

How can I receive money from India?

Different Modes of Receiving Money in India

  1. Direct Deposit in the Bank Account. The most convenient way for a person to receive money is direct deposit to the recipient’s bank account. …
  2. Cash. The money can also be received in cash by the recipient. …
  3. Bank Check/Demand Draft. …
  4. Money Order.