I fail to understand how the writer failed / can ignore to look at services offered by SBI. It offers good exchange rate compared to money2india or remit2india. Check http://onlinesbi.com/glsus with other sites to check the exchange rate and then do a transfer. They also do not charge for transfers to other bank accounts and smaller amounts (icici charges). Do check all sites for exchange rate and make a wise decision.
RE:You cannot afford to miss SBI GLS service
by akshay mehta on Oct 23, 2007 06:40 PM Permalink
I wasn't aware of this from UK. Indeed the exchange rates are around Re 1 above the rates published by Money2India. Only hitch is that you need to transfer above ?1000 in order to freely transfer to a non-SBI bank account. Also I am hoping that the service is good and not amenable to the issues and mistakes that the govt bank usually makes. Otherwise I am willing to try this out. Thanks for this advise.
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i live in Austria and i want to know which is the most cheapest and best way to transfer money to india.Western union is very costly as the exchange rate is nt good and processing fees is also high.
RE:which is the best way
by Manu Kohli on Oct 23, 2007 11:03 AM Permalink
i had used icici money2india.com for last 1 years in France and found it to be very reliable, safe and providing decent exchange rate. (No transaction fees) if you have acount in icici bank.
RE:which is the best way
by Lotiya Pathan on Oct 23, 2007 11:10 AM Permalink
anybody can suggest about how to transfer from Japan. SBI Japan always gives the worst rate.
RE:which is the best way
by Ashish Pathak on Oct 23, 2007 12:28 PM Permalink
u can transfer from any of the local banks, even the bank in which you have ur account!
Western Union cleverly use Media to fool the public saying it costs only Dh 15.00 to transfer BUT the catch is that the exchange rate is jacked up which the common man fails to understand
RE:Western Union is a Day Robber
by peg pic on Oct 23, 2007 11:41 AM Permalink
yeah, well said, Infact there is no underlying rate (like for eg. RBI rate etc) that is used by many of these channels when they quote the exchange rate to the customers. The cost of transferring is always underreported in articles like these.
