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  #21  
Old 01.05.2020, 14:37
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Re: Money transfer limit from Switzerland to India

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Not true, one can transfer to NRO a/c. Main difference in NRE and NRO a/c is that from NRE a/c money can be repatriated but not from NRO. Another difference is that TDS on interest is applicable in NRO but Its exempt in NRE a/c.
I am facing same dilemma wherein I don't have any NRE / NRO account at the moment and need to transfer all my earnings to India as it is possible that me & my wife would have to move back to India in 2 months.
What are my options? Any suggestions?
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  #22  
Old 01.05.2020, 15:14
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Re: Money transfer limit from Switzerland to India

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I am facing same dilemma wherein I don't have any NRE / NRO account at the moment and need to transfer all my earnings to India as it is possible that me & my wife would have to move back to India in 2 months.
What are my options? Any suggestions?

Bankers draft
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  #23  
Old 01.05.2020, 16:40
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Re: Money transfer limit from Switzerland to India

Put it in a Revolut or Transferwise, or similar account. You can access your account from anywhere.
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  #24  
Old 01.05.2020, 19:26
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Re: Money transfer limit from Switzerland to India

Just convert any of your existing account to NRO which can be easily done online with most of private banks or open a new NRE/NRO account which is bit more hassle but can be done from here.

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I am facing same dilemma wherein I don't have any NRE / NRO account at the moment and need to transfer all my earnings to India as it is possible that me & my wife would have to move back to India in 2 months.
What are my options? Any suggestions?
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  #25  
Old 01.05.2020, 19:30
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Re: Money transfer limit from Switzerland to India

Also transferring to parents account is no problem. Sometime bank may block such account but can be easily unblocked after furnishing the proof like source of money, relation between remitter and receiver etc.

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I am facing same dilemma wherein I don't have any NRE / NRO account at the moment and need to transfer all my earnings to India as it is possible that me & my wife would have to move back to India in 2 months.
What are my options? Any suggestions?
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  #26  
Old 04.06.2020, 22:45
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Re: Money transfer limit from Switzerland to India

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Put it in a Revolut or Transferwise, or similar account. You can access your account from anywhere.
Hi, what do you think about paysend.com?
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  #27  
Old 04.06.2020, 22:47
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Re: Money transfer limit from Switzerland to India

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Also transferring to parents account is no problem. Sometime bank may block such account but can be easily unblocked after furnishing the proof like source of money, relation between remitter and receiver etc.
I will try this. Which service do you use to send money?
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  #28  
Old 05.07.2020, 14:51
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Re: Money transfer limit from Switzerland to India

I sent even 30-40 k in one go in my NRE a/c no questions asked. Or depending on the bank just to fill their database they may ask the reason and you can say investment/ fd, family support etc

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Thanks a lot for all your inputs

For now I am not sending higher amount to India.. How ever this month I sent more than 1500CHF .. Lets see if bank asks for any explanations

I will post here if I get any email or call from bank about the transfer
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  #29  
Old 05.07.2020, 14:53
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Re: Money transfer limit from Switzerland to India

To avoid this first send it to you own NRE a/c and then transfer to resident parents accounts. Resident accounts are monitored for forex remittance.

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Also transferring to parents account is no problem. Sometime bank may block such account but can be easily unblocked after furnishing the proof like source of money, relation between remitter and receiver etc.
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