Best answer: Can we send money from Saudi to India?

Transferring funds from Saudi Arabia to India is easy. All you need is access to internet or mobile banking facilities. Transferring money from Saudi Arabia to India with DBS Treasures also has other distinct advantages. You can get preferential exchange rates and faster transfers within 24 hours*.

How long does it take to transfer money from Saudi to India?

answered on 24/03/2020

Place Online
Time and Charges
USA 1 hour to 2 working days Up to $9.38 per $200 1 hour to (3-5) working days Up to $9.50 per $200
Dubai Same day to 2 working days Up to 4.04 AED per 735 AED Within an hour Up to 59.98 AED per 735 AED
Saudi Arabia N.A. N.A.

How can I send money from Saudi to India Quora?

What is the best and the cheapest way to transfer money from saudi arabia to India? – Quora. I’d say keep it simple – open a salary account with Riyad bank, register your forgein bank account and transfer online whenever you want. Hassle free! Western Union money transfer.

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How can I get money from Saudi Arabia?

How can you receive money in Saudi Arabia?

  1. Visit one of the 200+ Western Union agent locations1 in the Kingdom of Saudi Arabia. Find a location.
  2. Provide your sender’s details, including the Tracking Number (MTCN).
  3. Show a government-issued photo ID.
  4. Get your money once your details have been verified.

Which bank gives best exchange rate in Saudi Arabia to India?

The best rate to send Indian Rupee from Saudi Riyal to your loved ones in India is currently offered by Skrill Money Transfer; their 1 SAR to INR exchange rate today is 19.5157. Alamoudi Exchange offers the next most competitive Saudi Riyal to Indian Rupee exchange rate today (currently 1 SAR = 16.6692 INR).

What is Tahweel?

Tahweel Al Rajhi is a leading provider of Money transfer in Saudi Arabia through its center, providing customers with multiple options to execute their transfers in a convenient and simple manner through an automated system around the Kingdom. Explore Remittance.

Do I have to pay tax on money transferred from overseas to India?

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).

How can I transfer money from Saudi to India without Iqama?

Most of the expatriates opt for the legal ways; however, a few expatriates who don’t have iqama look for other ways as well.

  1. Transfer Money through Banks.
  2. Transfer Money through Money Remittance Centers.
  3. Transfer Money through Western Union.
  4. Transfer Money through Money Exchangers.
  5. Transfer Money through STC Pay.
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Which bank has best exchange rate?

The following are some of the best and least expensive places to convert currency: Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas.

Is mpesa in Saudi Arabia?

Xpress Money is offering the M-PESA service to its customers in Saudi Arabia as part of the company’s phased roll out of mobile remittance channels across various countries. … Over 2.5 million Kenyans live and work abroad, sending money home on a regular basis.

Is Western Union available in Saudi Arabia?

Visit a Western Union agent location

With over 200 locations2 in the Kingdom of Saudi Arabia, it’s easy to find one nearby.

What is the best company to transfer money internationally?

Best Ways to Send Money Internationally

  • Wise.
  • OFX.
  • Xoom.
  • MoneyGram.
  • Western Union.

What is the exchange rate Saudi Riyal in India?

Saudi Riyal to Rupee Exchange Rate Today, Live 1 SAR to INR = 19.9099 (Convert Saudi Riyal to Rupees)

What is the rate of riyal in India?

Convert Saudi Arabian Riyal to Indian Rupee

SAR INR
1 SAR 19.9545 INR
5 SAR 99.7727 INR
10 SAR 199.545 INR
25 SAR 498.863 INR

Which bank in India gives best exchange rate?

Banks giving the best money exchange rates to India

  1. ICICI – Money2India. ICICI Bank offers the Money2India facility for transferring money to more than 100 banks in India from USA. …
  2. SBI Express Remit. …
  3. HDFC Bank – Quick Remit. …
  4. Axis Remit. …
  5. Click2Remit. …
  6. BarodaRemitXpress. …
  7. IndRemit. …
  8. IndusFastRemit.
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