Australia is the land of better education, higher job possibility, better living standards, and more. The country is listed as the world’s sixth-largest country in the area with populations from across the world. Today, a large number of people are migrating to Australia for doing higher studies or for acquiring a certain profession. The USA is yet another country that lures many for no lesser reason. Be it for higher education, immigration, career, or anything else, Australia or USA are indeed countries to aspire for. This could be the reason that many are moving out and settling in Australia or USA. Many hive-off to Australia or USA, often creates a necessity for financial needs which makes you support you friends, family, and relations living in these countries. At this time you tend to hunt on, How to send money from India to Australia or USA?
Send money from India to Australia or USA is often through authorized money transfer companies that give better rates, lesser fee,s, and meager commissions. You can get instant guidance, better exchange rate, payment processes, reliable speed of transfer and superior quality customer service, and above all complete security for all the money that you are sending.
2 RBI authorized methods to send money from India to Australia or USA are
FCDD – Foreign Currency Demand Draft
- Most reliable instrument to take money abroad to any part of the world.
- Available in all exceedingly demanded currencies
- Validity lasts for 3 months
- Primarily used for Education, Employment purposes, Immigration, Visa fees, etc.
- Payments can be done through Foreign Currency Demand Draft in foreign banks and get it cleared
TT (Telegraphic Transfer) – Swift
- Only recommended electronic mode to transfer money as per Indian & Reserve Bank of India regulations
- Guaranteed pace and security
- Trouble-free and highly secured way to send money abroad
- Almost worthwhile for every personal transaction under this method
- You Can transfer money directly to the bank accounts abroad
What are the documents required to send money from India to Australia or USA?
- Most important and mandatory document is your valid ID proof and PAN Card.
- These documents can help you to send money to Australia or USA at easy
Some of the essential thing to keep in mind while
- Take note of the exchange rates while opting for the services. Foreign exchange rates are always fluctuating hence it is often advisable to check the rate before deciding on the services provider specially in case the amount is high.
- It is often advisable to rely on authorized service providers who provide standard transfer fees even if it is on a regular basis or at distant intervals.
- Authenticated services providers often follow accurate norms and guidelines as prescribed by the regulators which are often devised with good-will for customers. Hence such service providers are reliable and secure to send money from India to Australia or USA.
- It is often good to take the advice of any industry expert or at least a person who has experience in this regard to help you with basics and other know-hows and affordable options.
How much money can send money from India to Australia or USA?
- You can send $250,000 or equivalent amount in Indian Rupees per year under LRS category
- The amount should not cross/exceed the USD 250, 000
What are the charges to send money from India to Australia or USA?
- Some meager handling & transfer charges are incurred in the form of service fees which often varies from institution to institution and country to country.
Why do you need to send money abroad from India?
- You want to pay your overseas University Fee
- You want to do an international money transfer to a sick friend for treatment
- A new job might call for to send money from India to Australia or USA for employment security or processing fee
- Sponsor a Film Shooting that is happening abroad
- Being a tour operator you want to make an overseas Hotel reservation for your clients
- You want to attend a global conference and specialized training hence want to pay the participation fee
- Remittance under educational tie-up arrangement with universities abroad
- Remittance towards fees for examinations held in India and abroad
- Make international payment for Visa processing to overseas agencies
- Processing fees for registration of documents as required by the Governments for specified countries
- Registration/Subscription/Membership fees to International Organizations.
Get maximum information for a smart way to send money from India to Australia or USA.
