There are several ways to send money from the U.A.E to India. The table below shows the charges and time it takes to send money from the U.A.E to India. Please select the best option depending on your needs.
Money Transfer Operators: Money transfer operators (MTOs) are financial companies (but usually not banks) engaged in cross border transfer of funds using either their internal system or using their collaborations with other international banking networks. Eg: Wise, Western Union.
SWIFT: Society for Worldwide Interbank Financial Telecommunication (Offline money transfer facility that can be availed at bank branches overseas)
Foreign Currency Demand Drafts: A form of demand draft made in foreign currency at various bank branches located overseas to remit money to India. The equivalent amount in INR will be debited for remittance.
Time and Charges
| Place | Internet/Mobile Banking | Money Transfer Operators | Agents | Foreign Currency Demand Draft | SWIFT Transfers |
| U.A.E | Same day No fee | 1-5 days Fee 0 + Small percentage of exchange rate | Cash immediate or 1-5 days 15 AED + Small percentage of exchange rate | Upto 3 working days Draft making charges | 1-5 days Remitting bank fee + service tax 1 to .1 % of transferre-d amount |
Agents: High cost, less time
Operator: Moderate cost, less time
To find out the time it takes to send money from Oman to India, click here.
To find out the time it takes to send money from Bahrein to India, click here.
While conducting financial transactions in India, NRIs face many problems. However, now NRIs can use the SBNRI platform to get their financial queries/ complaints resolved online. You can download SBNRI App to apply for an NRI account, file taxes, invest in the Indian stock market and ask any questions related to them.
