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Money transfer to India

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vimalveeru

Hi,,,,, are we have to open any bank account to transfer money to india through bank? or else which is better mode for money transaction to india?i have SBI & HDFC account in india i have to transfer money to these account...Kindly guide me please....

Raunak86

Hi,

Not sure of your city, but SBI now has a branch in Riyadh.

Alternatively, you can try sending money through the money exchange companies such as - Telemoney, Quickpay/MoneyGram and AlRajhi.

Regards,
Raunak

vimalveeru

So we didnt need to open account right?.....

suresh_cma

register with AlRajhi,
they give good rate


SNM

vimalveeru

I didnt get you kindly explain in detail...i m new to saudi and also to gulf.so i dint aware of these monry transfer and all....

suresh_cma

I am living in Jeddah,
I went to Al Rajhi Money transfer office
and submitted a form ( in which I have mentioned Indian Bank Account details and my address ), then they will give you a membership card,
with that card you can transfer money to your home bank account

SNM

vimalveeru

Thank you so much..... is there any transfer fee for that?

suresh_cma

No such fee,
if the SAR TO INR rate is 100, and if you are given 99.50,
assume 0.50 will be the fee

SNM

zakeer123

i had transfer money from telemoney saudi arabia branch 602 sabiya to india on 31-05-2015 my transaction ref no =156021049115 and aqama no is =2356374021 but still the amount not recive in india or not refund me. so please kindly solve my problem.my email id zakeer_prince@yahoo.co.in

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