For repatriable-basis transactions in the secondary market, NRIs need to open an NRE (Non-Resident External) bank account in India. For non-repatriable basis transactions, they require an NRO (Non-Resident Ordinary) account.
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.
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.