Best way to transfer money abroad

67°
Deal Cadet
ankitjain55
I need transfer some amount to UAE, which is the best and cheapest way to do so.
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
Deal Lieutenant Deal Lieutenant
Link Copied
@ankitjain55

Dbs Bank can help

Deal Subedar Deal Subedar
Link Copied
@HasdaChehra

For US, they claim to have lowest charges. Haven't used anything though.


1000206267

12 Comments  |  
5 Dimers
  • Sort By
Deal Newbie Deal Newbie
Link Copied
Unsure of superlatives (best, worst, cheapest) but usually 'hawala' is quite cheap.
Deal Newbie Deal Newbie
Link Copied
Someone I am casually acquainted with, was telling us
how they accept local (PKR) funds in Lahore, Islamabad etcetera and their counterparts or business partners/ relatives/ acquaintance in Canada, Saudi and other parts.. give the local currency in the respective country to the required party.

When we probed about how can things be managed now that it is impractical to settle medium to large sums in physical currency and things need to be done via wire transfers

they said 'ho jata hai'.

As in, their counterparties in other countries can and do show it as an official funds transfer via the financial system, if needed.
Some accounting entries is all it takes.. for them to keep the funds 'white'.
View 1 more reply
Deal Newbie Deal Newbie
Link Copied
Many in UAE too use cash.app, so if you can find some CashApp user there who can receive the funds and onwards give it to the final party.

(CashApp is to Divided States of Murica.. what paytm is to United States of Bharat.. but CashApp is not as fraudulent as paytm.)
Deal Lieutenant Deal Lieutenant
Link Copied

how much amount to be precise?

Deal Newbie Deal Newbie
Link Copied
@dri (directorate of revenue intelligence) has joined the chat.

Directorate of Enforcement has joined the chat.

SBI assistant manager Shuklaji (who issues/sells electoral bonds to the 'donor') will join the chat.
View 4 more replies
replyuser
Click here to reply
Reply