Send Money to Colombia From India

International Money Transfer From India to Colombia

INTERNATIONAL MONEY TRANSFER FROM INDIA TO COLOMBIA India is a sight to behold with its architectural wonders and massive black rocks, India is a sight to behold. However, we all know that neither of these factors contributed to the rising number of immigrants. Although there is nothing we can do about it, one thing you can do is send money to your loved ones in other countries when they need it. And believe us when we say we're the best at international money transfers. We can assist you at the most reasonable rates whenever you need us.

Keep These Available for Transfer Money to Colombia

Your legitimate ID evidence and a PAN Card are vital documents when sending money abroad.
These credentials will make it easier for you to make an international money transfer from India to Colombia.

transfer money from india to colombia

What are the most prevalent methods of sending money abroad from India to Colombia?

The two most common ways to transmit money overseas are as follows:

  • FCDD
  • Swift transfer

    • FOREIGN CURRENCY DEMAND DRAFT (FCDD)

    • A simple way to send money abroad from India, namely from India to Colombia.
    • A demand draft is a paper instrument that can be foreign banks and used to get credit via the clearing process.
    • Any high-demand currency can be converted to FCDD.
    • The draft is only valid for three months after it is published.
    • It's primarily used for educational purposes and is a great way to send money from India to Colombia to another country for schooling.

    SWIFT TRANSFER (TELEGRAPHIC TRANSFER)

    • It is a method of sending money internationally and having it credited to the recipient's account via electronic means.
    • It ensures that your money is safe while being sent overseas from India to Colombia.
    • Depending on payment instructions, swift transfers are made directly into the overseas university's (and) bank account or the recipients' account.
    Send Money To Colombia
    4.5+

    Million Happy Customers

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    Billion Remittance in a year

    70000+

    Transactions processing every year

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    Agent Locations

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    How can you send money safely from India to Colombia to another country?

    • Choose a remittance partner who can do so legally: Always utilise an authorised dealer with an AD II licence from the RBI for a secure and hassle-free international money transfer from India to Colombia to other countries.
    • Keep your transactional limit in mind: Under the Liberalized Remittance Scheme, the RBI has placed several restrictions and conditions for receiving money from India. You can send up to USD 250,000 annually to another country to suit their necessities.
    • Foreign exchange rates: It's always a good idea to stay up to date on the latest exchange rates and associated expenses of the services available to transfer money abroad from India to Colombia seamlessly and cost-effectively.

    What is the best way to send money internationally from India to Colombia?

    If you want to make an international payment from India, particularly from India to Colombia, please contact us by visiting our website www.remitforex.com and submitting a query, or call us at 1800 102 0555 , or WhatsApp us at +91 8129922232 , or email us at care@remitforex.com. You can also go to any Remitforex branch in India for a hassle-free and quick transfer.

    Frequently Asked Questions

    • Start your transfer. Pay INR with your debit or credit card, or send the money from your online banking.
    • Get the best rate out there. Remit forex always gives you an accurate and fair mid-market exchange rate.
    • Money is locally credited
    • Studies abroad
    • Business Trip
    • Medical Treatment Abroad
    • Maintenance of close relatives abroad
    • Emigration
    • Going Abroad on Employment
    • Gift or Donation
    • Private Visits abroad
    • Beneficiary Bank Name & Address
    • Beneficiary Name & Address (as given in bank)
    • SWIFT Code & IBAN
    • Beneficiary Account Number

    According to the new rule, all remittances over INR 7 lakh will be subject to a 5% TCS (tax collected at source) under the RBI's Liberalized Remittance Scheme (LRS). The application of Tax Collected at Source was notified by the Finance Act of 2020 on March 27th, 2020, with effect from October 1st, 2020.

    To keep in mind, TCS (tax collected at source) will only apply to amounts above INR 7 lakh in a fiscal year, not the overall amount. For example, if you transfer INR 10 lakh in a financial year, TCS will apply a 5% rate to the extra INR 3 lakh, resulting in a tax of INR 15,000.

    TCS will apply at a rate of 0.5 percent on remittances for the purpose of foreign study, but only if the amount transferred is the result of a loan from a financial institution. Consider the following scenario: the total sum is INR 15 lacs. TCS of 0.5 percent will be applied to Rs. 8,00,000 (amount after Rs. 7 lac is deducted) and the tax collected will be Rs. 4000 in this case.

    Permission is supplied to help you with your questions and transactions via “Remit Forex” on our website: www.remitforex.com and a query or chatter with us at the toll-free digit 1800 102 0555 or WhatsApp: WhatsApp us at +91 8129922232 or send us at care@remitforex.com.

    For more details, contact our toll-free number 1800 102 0555 or WhatsApp us at +91 8129922232 or mail us at care@remitforex.com.

    • Driving licence
    • Pan Card with any other Utility bill
    • Voters' ID cards,
    • Aadhaar letter issued by UIDAI