International Money Transfer From India to Hong Kong
Trusted service providers have made international money transfers from India to Hong Kong much easier. When sending money abroad, there are several things to remember, from using an authorized service provider to preserving the necessary documentation. If everything is done correctly, an easy overseas money remittance can be accomplished, and vice versa. So, if you're planning to conduct an international money transfer from India to Hong Kong, don't worry; here's all you need to know before sending money abroad. Please read it to avoid any problems when sending money abroad.
Which Documents Are Required for International Money Transfers From India to Hong Kong?
The Liberalized Remittance Scheme (LRS)
The Reserve Bank of India (RBI) introduced specific restrictions for overseas money transfers under the Liberalized Remittance Scheme (LRS). Under the RBI's Liberalized Remittance Scheme, all residents, including minors, can freely transmit up to USD 2,50,000 per financial year (April – March) for any authorized current or capital account transaction or a combination of both). If you need an exception that goes beyond this limit, you must first get permission from the RBI. You can use an Authorized Service Provider to send money from India to Hong Kong to other countries for a variety of reasons, including:
- Abroad Education.
- Working in a foreign country.
- Fees for emigrating.
- Visa application fees.
- Maintenance of Close Relatives.
- Medical care in another country, and so on.
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How Can You Securely and Easily Transfer Money From India to Hong Kong?
- Always choose an authorized and reputable service partner with an AD I, AD II, or FFMC license from the RBI for a secure and hassle-free international money transfer from India to Hong Kong.
- The RBI has placed several restrictions and conditions for recipients receiving money from India under the Liberalized Remittance Scheme. To support their needs in another country, an Indian person can contribute up to USD 250,000 each financial year.
- Gather information on current currency conversion rates and other costs associated with available services for a cost-effective and straightforward approach to sending money from India to Hong Kong.
What is the best way to send money internationally from India to Hong Kong?
If you want to make an international payment from India, particularly from India to Hong Kong, don't hesitate to get in touch with us by visiting our website www.remitforex.com and submitting a query, or call us at 1800 102 0555 WhatsApp us at +91 8129922232 or email us at care@remitforex.com. You can also go to any remitforex –Unimoni branch in India for a hassle-free and quick transfer from India.
Frequently Asked Questions
How to send money to Hongkong in 3 easy steps
- 1.Start your transfer. Pay INR with your debit card or credit card, or send the money from your online banking.
- Get the best rate out there. We always give you an accurate and fair mid-market exchange rate.
- Money is locally delivered.
Permission is supplied to help you with your questions and transactions via “remitforex” on our website: www.remitforex.com and a query or chatter with us at the toll-free digit 1800 102 0555 or WhatsApp: +91 8129922232 or send us at care@remitforex.com.
We need your recipient's (1) bank title, (2) branch title, (3) IFSC/ branch code and (4) account digit.Mobile digit. We use this to send an SMS message to your recipient notifying them that their budgets have been credited. We are mailing reason.
For more details, contact our toll-free number 1800 102 0555 or WhatsApp us at +91 8129922232 or mail us at care@remitforex.com.
A guarded and secure way to send money to Hongkong is to work with a money transfer service platform like remitforex.