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Ssarvate
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| | Sunday, June 20, 1999 - 4:01 pm: | 
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Hi all,
Mala vatate US madhye nokarisathi alelya sarvanach ha prashna padat asel. Bharatat paise kase pathvayache? mhanaje jyasti commission na deta, lavkar pochtil ase, kaydeshir marg konata aahe.
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Kiran
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| | Monday, June 21, 1999 - 9:54 am: |
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US-ch kaa? UK che pan saangaa ki!!
mi tari SBI through ch paathavato.
(mi UK t aahe)
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Damit
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| | Monday, June 21, 1999 - 10:58 am: |
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kiran,
3 ways ahet..
1 tar international draft gheun ja.. ani indiat.. bhar.. tyala ithe kahitari 11-12 £s dyayla lagtat.. ani 2-3 week lagtat... indiat bahutek paise byayla lagat nahit..
2 re ase ki electronically money transfer karu shaktos.. hey baryapaiki fast ahe... paise pun 12 £s paryant lagtil...
3 ra cheepest way is.. ithlya bankecha check de indiatil banket.. tyasathi ithun kahi paise dyave lagat nahit pun tuzi indiatil bank kahi tari 0.025% on ur converted indian currency var charge karel.. + 100 bucks for transaction regardless of any amt. oun hyala 1 mahina lagto..
Ta,
Dam/////////
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Kiran
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| | Monday, June 21, 1999 - 12:56 pm: |
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are damit,
tuza 3ra option mala kalala naahi.
check £ madhe pathavayacha ki INR madhe?
aani to NRE acct madhe jamaa hoto ka?
aani exchange rate che kaay? tu swata
he options try keles ka?
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Damit
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| | Monday, June 21, 1999 - 1:19 pm: |
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Gondya
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| | Monday, June 21, 1999 - 2:21 pm: |
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I had got this mail from somewhere.
HTH.
Here are a few ways to send money to India. Note that this Information
was collected from messages on the internet and is reproduced here for
your convenience, and may need to be verified.
1. Personal Check (drawn on a US Bank). A lot of letters wrote to me
that though there is a delay involved (from deposit to encashability),
Indian Banks do NOT charge a service fee.
2. SBI Chicago has a provision wherein they charge you $5.00 as
commission and you can get a draft made IN INDIAN RUPEES right here in
the US and sent to India. Takes 5-6 days. Their number is
1-800-334-6342.
3. Cashier's Check, Certified Check, or Money Order from a Local Bank.
May involve service charge and delay in encashability status (in
Rupees).
4. Bank Draft. Usually, a $10 service fee (in a US Bank) is involved.
5. Cable Transfer. Speediest (3-5 working days). However, as I have
noted from my local bank, $25 service charge is normally involved.
6. American Express Money Orders (I HAVE USED THIS METHOD). You can get
these from many stores, including 7-11s, for a service charge of 50 to
99 cents depending here you are in the US). Most banks in India will
pay U Rupees in minutes. Also, if it gets lost, full money (-$5) is
absolutely recoverable. Extremely safe, inexpensive, and fast method.
7. Citibank Rupee Drafts. Same as 2). Service charge is $5.
1-800-CITINRI. Immediately encashable in India.
8. Open an NRI a/c with Citibank (Bombay, Cal, etc.). Leave the
check-book with your relatives. Arrange so that your folks in India
could write checks and withdraw money. Takes about a week. Also, if you
send a personal ($) check to Citibank at NY city, they transfer the
money to your Indian a/c by telex (no charge), wherein Rupees are
credited (current rate)
9. Cable Transfer through SBI Chicago ($16 charge). Takes about 3 days.
10. NRI a/c with SBI NY, or BOI SanFrancisco. You can have a
pre-designated beneficiary in India who could draw in Indian Rupees in
India while U pump $ here in the USA.
11. Morgan's Trust/Hanover's Trust Cashiers Check/Demand Draft. You
can get these in most US banks.
12. Chase Manhattan Drafts from Bank of Baroda. Fast. Service charge
present.
13. SBI San Francisco Bank Draft. Service Charge $7. (415) 956-6326.
14. Credit Card. Get a VISA card. Get an extra card for your relative
in India. They can take cash advance and you can cover the charges from
here in the USA. The following is a collection of information from
Mahesh Kumar Bagade. [Some additions have been made. He can be
contacted via email if you have any questions/comments, or for
submitting further information.]
ENCYCLOPEDIA: Sending money to your folks in India
AMEX MONEY GRAM A quick way to send money to India is by AMERICAN
EXPRESS MONEY-GRAM. They claim the recipient will have the money within
a few minutes of initiating the process here in U.S.A. The recipient
needs to show some photo id to get the money at the other end. The
number for the American Express Money-gram is (800)543-4080. Since this
is very fast the charges are bit higher. But it is very safe.
AMEX MONEY ORDERS Another best.cheap way to send money is to use
American Express Money Orders. You can obtain them from most of the
stores for $1.00 each(this may vary). However, maximum for each check
can be $1000.00 only. Most of the banks in India give you cash the same
day (within minutes). Also, your money is totally protected and in case
your money order is lost or stolen you can recover your money
completely.
AMEX TRAVELERS CHECK Just purchase Amex travelers checks and make it in
favor of the person to whom you want to give it. It is always a very
good idea to specify the address of the recipient along with his name
to avoid any misuse of checks. After this just send the checks to you
folks through whatever means you think is appropriate (mail, through
friend, etc...)
PERSONAL CHECK Write a personal check on your U.S. Bank, and mail it to
your relative. This is by far the most convenient method for the
sender, and most inexpensive too. But for the receiver, it is the worst.
Personal checks drawn on a U.S bank are treated as a collection item in
India, they normally take 45-90 days for realization, and would cost a
few dollars, depending on how many banks were involved in the
collection process.
CASHIER'S CHECK Obtain a cashier's check, certified check or money order
from a local bank. These instruments also suffer from the same defect
as personal check, and cannot be automatically paid immediately in
India, as the local U.S. banks may not have any drawing arrangements on
the Indian banks.
SENDING BY CABLE (ALSO CALLED WIRING) Cable transfer, on the other hand
is a bank to bank transfer whereby money is remitted by the bank
directly to the beneficiary's account maintained in India. Cable
transfer is the speediest way of transferring and in most cases gets
credited to the beneficiary's account normally in 3-5 working days
depending on the location. (Communication with the non-metro centers in
India, is generally done through cable/Telegram and therefore takes
extra time). For this you have to find out what the ROUTING NUMBER is
for the bank in India in which you want to deposit the money.
WESTERN UNION FINANCIAL SERVICES Western Union has begun money transfer
service between the United States and India with the opening of Western
Union agent locations in 15 cities, including Bombay and New Delhi, and
also between the U.S. and Sri Lanka. In India,inbound Western Union
Money Transfer service is available in minutes through Sita World
Travel (India) Pvt. Ltd., an international provider of travel services.
In addition to Bombay and New Delhi, Western Union Money Transfer
service is now available at Sita offices in Agra, Ahmedabad, Bangalore,
Benaras, Bhubaneshwar, Calcutta, Cochin, Hyderabad, Jaipur, Kanpur,
Madras, Pune and Secunderabad. Western Union Money Transfers to India
are paid out in Indian rupees. In SriLanka, both inbound and outbound
Western Union Money Transfer service isavailable in minutes through
Sylan Bank in Colombo, and at 52 other locations in major cities.
Western Union Money Transfers are paid out in Sri Lanka rupees.
CREDIT CARD REMITTANCES A few banks, viz, State Bank of India, Citibank
& Bank of India have recently introduced the Credit card remittances
scheme. Under this facility remitters can obtain drafts or issue of
cable transfer instructions by charging the same to their Visa or
Master-cards.
RUPEE BANK DRAFT (Go via Indian Banks Only) SBI and many other Banks
offers a convenient service for sending money to India. Call them up
and tell them you want to send a rupee draft to India. They will
collect the dollars from you and send you a rupee draft for that amount.
Service charge vary. You can mail the draft to India - and it can be
cashed immediately in India. Note: Please remember not to go through a
non-indian bank for the money draft. India needs dollars and so go
through Indian banks only. DO NOT go through foreign banks such as
Citibank, Bank Of America, etc...
CREDIT CARD In this you can give a credit card to your folks back home
and ask them to go to any bank which deals with cash advances using
credit cards and withdraw cash as much as they want. Just check the date
when they are about to withdraw the money and send a check to your
credit card bank here so that the payment reaches before or on the same
date your folks are withdrawing the money. In this fashion you do not
even have to pay the finance charges even for a day, but you will be
charged the cash advance fee which varies with different cards.
Telephone numbers of some banks for investment/money-remittance in India
1) State Bank of India : 1-800-527-2663 Note: Please let us know via
email, if there are any other Indian banks over here along with their
phone number.
------------------------------------------------------------------------
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Samrya
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| | Monday, June 21, 1999 - 4:14 pm: |
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Gondya has given lotta info, but for more, visit this url -
http://indiafocus.indiainfo.com/business/sending-money.html
Also know about the Tax Implications at http://tax.indiainfo.com/sending-money.html
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Kiran
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| | Friday, June 25, 1999 - 2:41 pm: |
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are, Damit tuzha patta de ki mala.
mala barech prashn vichaaraayachet tulaa
mazya e-mail id var taak.
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Asami
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| | Monday, June 28, 1999 - 4:08 pm: |
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Kiran
I use this method.
Open NRE account in India.
Send ur checks of US/UK bank to ur relative who can then deposit it over there. But rather than realizing money in NRE account use FDNR (Fixed Deposit i.e.) SO that u do not need to convert money in Rs. U can transfer money from FDNR to NRE account upon maturity.
Plus there is no commission charged by Indian bank for converion at the time of maturity of fixed deposit certificate if u use this option.
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Dixy
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| | Friday, July 02, 1999 - 2:44 pm: |
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Kiran,
The best and cheapest(no cost)way is to open an NRE and/or NRNR account in a bank in India through another bank in UK, which is of the same group. I shall explain. For example, HSBC group has Midland Bank and HongKong Bank. Using Midland bank in UK, you can open an NRE/NRNR account in HongKong Bank in India. There is absolutely no charge, it is exteremely safe and extremely fast. Another good thing about this is that you don't have to be a customer of Midland Bank. I did this when I was in UK and it worked very well. Do this when you think the rate is very good and since it takes very less time, the actual rate might vary a bit but not much. There is no commission or charge. Give it a try. Good Luck!
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Kiran
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| | Saturday, July 03, 1999 - 10:09 am: |
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I've already holding an NRE account and now the question is just how to put in money in that account with the minimum loss of money concerning commission and exchange rate.
Anyway thanks to all of you for giving me useful information
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Sdate
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| | Thursday, November 18, 1999 - 6:12 pm: |
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Aanakhi ek marga aahe paha ty karun. Maze United Western bank madhye NRE account aahe. Me mazya vadilan na signed check book pathavle aahe. Mee sangeetale ki aze vadil check United western bank madhye bharatat. 1000 dollar cha check bharala tar instant credit Rs madhye milate. Jasta paise pathavayche asatil tar don teen diwas 1000 cha check bharaycha
Sachin
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Svsameer
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| | Friday, February 18, 2000 - 3:45 am: |
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Citibankecha Rupee checking account ek chhan option aahe.
Tyachi link http://www.citibank.com/india ashi aahe.
apan ithe check pathavala ki 3/4 divasat aplya khatyat jama hoto. Bharatat jar draft pathavayacha asel tar te 10$ charge ghetat.
Tithali kahi mahiti ashi.
How your Family in India can access money
You can designate a Family member in India to get an ATM card (called a mandate ATM card) and check book. You can set a limit on the amount of money your family member can withdraw per month with the ATM card.
Your Family member can withdraw cash at any of the 271 ATM centers in 28 cities in India
Your Family member can also withdraw cash using the check book at the Citibank branch where your Account is held.
In case your Family resides in any city other than the 28 cities where the ATMs are located, your Family member can deposit the Citibank check in their local bank Account. The funds will be credited to their local bank account after the check gets cleared.
Your Family member can also write a check directly payable to any beneficiary of their choice.
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hi,
kuni Germany madhun bhartat paise kase pathvayche hyabaddal mahiti deu shakel ka?
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mi 2 diwasanni bharatat jato aahe. tithe NRI account ughdayacha aahe (BOB madhye aahet ka astat ka he accounts?). barobar koNtya documents mala nyavya lagtil?
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Bank Of Baroda che NRI accounts asataat.
actually NRI account ughadanyasthi bhartaat jayachi garaj nahi. In fact mala SBI madhe open karayache hote tar mala tyanni baherunach open karayala sangitle.
documents mhanaje passport/visa ani photographs
1 mahatvachi gosht mhanaje Power of Attorney konalatari (aai-vadil/bahin-bhau) nemun yaave.
mhanaje tyanna bhartatun paise kadhata yetaat.
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dhanyavad Kiran.
bharatat jaat aslyamuLech athawale ki asa account ughadawa mhaNun. power of attorney chi suchana dekhil changali aahe.
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Aashish : yes, Kiran is 100% right. POA karun ye. Bankemadhech tula POA cha form milel.
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Hey Guys
Lavkarach tumache problems sutnar aahet. ek navin site yet aahe (by oct end)...timesofmoney.com.
You can remit your money thru it....at low cost, fast and legally.
Me timesofmoney madhye kaam karto
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$ 500 peksha jaast amount asel tar RBI Guidelines nusar ek declaration form bharava lagto ase aikle aahe. Khare aahe kaay ?
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hi
£s pathvayche astil taar check this
1 http://www.moneyintime.com/
2 .http://www.timesofmoney.com/remittance/jsp/home.jsp
3.icici.com for money2india
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NRI A/C opening baddal koni mahiti devu shakel ka ?
Mi aata bhartat janaar aahe. NRI A/c ajun open kelele naahi.
Kahi jananni suggest kele ki ithun DD gheun ja , tar kahi jan mhanale ki Personal Cheque ( ha kay asto mahit naahi ) gheun jaa. Ya doni case madhe paise instantly a/c madhe jama hotat ka .
Mi Bank of Maharashtra la approach kela tevha tyanni sangitle ki DD vatanya sathi 3 weeks lagtat. Personal Cheques lavkar clear hotat ka?.
Ithun ( UK ) thet hard cash ( in pounds ) nene kitpat safe aahe?. Airport var kaahi problems ?
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abhay, mala phone kar...
tula sangato....
gharacha no aahe ka?
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Nahi re tujha mobile number aahe , residence no . kay aahe
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tula mail keliy reee
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Abhay kahlil link var attach amhi discuss karat aahot hyabaddal. actually hach BB yogy ahe pudhache discussion ithech karuya pan tu vachle nasashil tar vaach.
http://69.94.96.131/hitguj/messages/35/2044.html?1001559592
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Kiran tu kuthe aastos. Tujha mail id tar .uk aahe , tujha patta U.S cha aahe aani City Mumbai.
Kal mala Tushar ne barich mahiti aani tips dilya aahet.
Tu regular paise pathavato ka bhartat.
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are mi mumbai hun uk la gelyavar yahoo ID kadhala hota. aataa usa la alyavar pan toch aahe ;o))
nahi re regularly kasle pathavtoy. attach NRI account open karayache tharavley. maza R&D aajach sampla.
at least US sathi Citibank ch changali aahe ase vatatey. especially money transfer sathi. nantar fixed deposit madhye thevayache asatil tar HDFC Bankcha vichar karu shakata. tyanche interest rates sagalyat jaast aahet.
ICICI hya doghanchya madhe aahe mhanaje int. rates ni transfer FEE, HDFC ni CITI chya madhye
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Lggandhi
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| | Wednesday, April 24, 2002 - 7:05 am: |
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hello .....
maze bharatat NRI account nahi .....
mala te open karayache aahe ... in PUNE city ..tar kon konati fayadeshir options aahet ?? mala vaatare NRI accounts che pan barech prakar asatat ..... aani germany tun India la money transfer cha sadhya cha sarvat changala paryay konata ?? ...
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Manya
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| | Monday, April 29, 2002 - 1:37 pm: |
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You may want to check Citibank.. they have good service, you can open NRI account at a place where you are now -- contact your nearest citibank NRI center. you may have to maintain 1000 USD on your account. you will receive cheque-book and ATM card once the account is activated, similary you can appoint someone in India who would receive a cheque-book and ATM which he can use it there.
Whenever you want to transfer money to India, you deposit the amount at NRI center (by DD ) and they will wire trnasfer it to your NRI account in India
You can check this site for more details
www.citinri.com
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Dear Friends,
I have transfered some money recently using the Remit2India services offer by
timesofmoney group. I found that they do have a extremely nice service and the
money has reached to my parents quite efficiently. I have no words to praise
the organisation but they have started a very nice service. Apart from this
they had a very nice and almost unique customer service. I am very much
impressed by it.
I hope that you will also like the services offered by them and enjoy a very
easy money transfer to back home. This service is something like a long dream
came true.
Mandar
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Coolmitz
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| | Tuesday, November 19, 2002 - 10:07 am: |
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if you (or the benificiary) have an account with ICICI bank, you can send ANY amount for free using their online service Money2India, it takes 1 working day in most cases !!
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Champak
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| | Tuesday, December 31, 2002 - 4:40 pm: |
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Ek sopaa maarg....tumache sagale paise jama karun mazyakade dyaa, me bhartaat jaun sagalyaachyaa ghari "pochun" yeto...zanzat nako parat parat..Kasi watali idea chi kalpana 
maze pan ekada bhartaat jane hoil...kasse
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Prafull
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| | Tuesday, December 31, 2002 - 4:48 pm: |
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Although it is free to send money thru ICICI, domestic wire transfer charges to ICICI correspondence bank in US has to be paid. I guess it is somewhere around $18
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Sachinkul
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| | Thursday, March 27, 2003 - 1:54 pm: |
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Are tikadche paise tikadech theva.Ikade anun mahagai vadhavu naka.
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| मायबोली |
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| चोखंदळ ग्राहक |
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| महाराष्ट्र धर्म वाढवावा |
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| व्यक्तिपासून वल्लीपर्यंत |
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| पांढर्यावरचे काळे |
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| गावातल्या गावात |
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| तंत्रलेल्या मंत्रबनात |
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| आरोह अवरोह |
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| शुभंकरोती कल्याणम् |
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| विखुरलेले मोती |
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| हितगुज दिवाळी अंक २००८ |
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