help- how can i recieve money from Australia.

help- how can i recieve money from Australia.

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Deal Subedar
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I lent Rs. 10000 to a friend in december and now he lives in Australia. He wants to send that money back to me but how can he do that legally?
Cannot use paypal as total deduction in form of fees and taxes is greater than 10%. Direct bank transfer is giving very bad rate. Only good option we found is remitmoney.com but found that it is illegal to get money directly in savings account.
Can anyone explain if there is some problem with getting money directly in saving account instead of NRE/NRO account.

ps. i don’t have a NRE/NRO account and the sender is not able to operate his NRE account from Australia so he cannot remit money in it and than transfer it to me.

11 Comments  |  
6 Dimers
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Deal Subedar
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Remit2india is good and instant transfer .

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Deal Subedar
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deals44u wrote:

Remit2india is good and instant transfer .

but will there be any problem because there is no nre/nro account?
also it is not taking any transactions due to covid

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Deal Subedar
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tank_u_m8 wrote:

but will there be any problem because there is no nre/nro account?

No problem and it’s legal

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Deal Subedar
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tank_u_m8 wrote:

ok, thankyou

But don’t say them like it’s for the debt he got etc ( They will call you for verification). Say for some emergency and request your friend to say the same.

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Deal Subedar
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deals44u wrote:

But don’t say them like it’s for the debt he got etc ( They will call you for verification). Say for some emergency and request your friend to say the same.

the remittance company calls and verifies the prurpose of transaction? flushed

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Deal Subedar
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tank_u_m8 wrote:

the remittance company calls and verifies the prurpose of transaction? flushed

Always first time verification is done by the company .

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Deal Lieutenant
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@rogerthat is a bank employee, he may know about it.

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Deal Cadet
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Use Transferwise
Cheap and fast
I’m using it

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Deal Newbie
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For PayPal India Account, how much time does it(International money) takes to get into the bank account??

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Deal Newbie
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Get some bils paid, like insurance, electricity. 10k is a minor amount
0% deduction

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