How Can I Send Money to India Without Fees?
It is a great idea to do an online comparison between different service providers to save on fees, and obtain the best exchange rates when you want to transfer money from the UAE to India. Money transfer services like Wise, MoneyCorp, Remitly, and PaySend transfer money at the inter-bank rate and charge an upfront fee for remittance to India from UAE. Some companies might offer promotional offers to send money for free in the first transaction, or a specific period.
Banks charge their exchange rates different from the ones seen in Google. In addition, they often charge a service fee added for remittances. However, several banks in the UAE might provide an exemption from service fees for transfers, if they have correspondent partners in India.