The Indian Rupee has become far more attractive for those remitting money to the country. Amid a pandemic-stricken 2020, the rupee lost almost 3% against the US dollar to reach close to Rs.74 to a dollar.
The banking industry has been shifting to accommodate the needs of an increasingly discerning customer base, trying to provide them a seamless and satisfying digital experience.
In 2020, India was the largest recipient of inward remittances, as per the “Migration and Development Brief” report released by the World Bank.
Yes, you can send money straight to a bank account in the UK, or send through the cash pick-up route at an agent location.
As per law, there is no limit to remit money to India but the receiver pays tax
Exchange houses in the UAE have been a reliable and popular way to send money abroad for years. You can find their agents or outlets in many shopping malls, office centres, and community centres around Dubai.
Exchange houses are the most popular ways to remit money from the UAE overseas. These are located across the UAE, in shopping malls, business areas, main streets, and communities near office areas.
Thanks to internet penetration, it has become increasingly easy to join the global talent pool. The advantage is that one can pursue the career of their choice in a region that offers the most lucrative remuneration.
Online transfer is possible through a variety of sources. You could send money through wire transfers through an online bank account in the UAE. Banks like the First Abu Dhabi Bank and Mashreq Bank offer international money transfer services.
The cheapest way to send money to Pakistan depends on the currencies involved, the amount, the exchange rate margin, and the fees charged by the provider.
