One of many frequently requested query from NRIs, who has simply open an NRE (Non Resident External) account is the best way to fund their NRE accounts? Since you can’t transfer Indian rupees from your normal saving account in India to your NRE account, this question is frequent to arise. Easiest approach to deposit money in your NRE account is remittance i.e. by sending cash from your overseas bank account , however that is not the only option to transfer money to your NRE account.
You can provoke a global wire transfer from a bank or an online remittance company. Details similar to currency of switch, IBAN (worldwide checking account number), SWIFT Code and name of correspondent bank needs to be given to the bank earlier than making a wire transfer. In this case, funds switch takes place between two banks and cash will get credited directly to the recipient’s … Read more