Current exchange control regulations do not permit the remittance of salary outside India by employees unless they come on an employment visa. If you wish to regularly remit money home by way of Telegraphic Transfer or Demand Draft, you must mention it at the time of opening your bank account and the bank will give you the required bank documents, government forms, Form 2 Declaration-cum undertaking and Form A2 Application for Remittance Abroad to fill out.You will also be required to show a copy of your monthly pay slip. The amount sent abroad must not exceed 75 percent of the monthly salary.

Many banks allow the transfer to international accounts through online banking, but it’s not as streamlined of a process as it is in most Western countries. If you plan to send money back, your best bet is to use HSBC, Citibank, or another reputed international bank.

Service providers for sending money overseas:

    • Money Gram (http://www.moneygram.com) Offers money orders, international money transfers, gift certificates.
    • Western Union (http://www.westernunion.com) Tied-up with Indian Postal Service. Offers money orders, international money transfers, gift certificates.
Top