You can open a Resident Foreign Currency (Domestic) Account with a bank in India and deposit foreign exchange earnings repatriated to India through banking channel. The earnings could be out of export of goods and/or services, royalty, honorarium etc.
What bank details are needed to receive money from abroad to India?
We need your recipient’s (1) bank name, (2) branch name, (3) IFSC/ branch code and (4) account number. Mobile number. We use this to send an SMS notification to your recipient informing them that their funds have been credited.
How can I receive money from foreign country?
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- PayPal. PayPal has long been in the global money transfers market. …
- Instamojo. …
- Xoom. …
- SBI. …
- HDFC bank. …
- ICICI bank. …
- Axis bank.
Can I receive money from abroad in my bank account in India?
India has not sent any limits on receiving funds from abroad. However, the foreign country you are in might have regulations that limit the amount of money you can send abroad. … If you are sending the money to your NRE/NRO account or to the bank account of your close relatives, then it is tax-free.
Can I receive money from abroad in my bank account?
You can receive money from overseas through a transfer from the sender’s bank account straight into your bank account. … Typically, these transfers are expensive because banks charge hefty exchange rate margins when transferring to different currencies, and also apply fees.
Is PayPal available in India?
PayPal has three centres in Bengaluru, Chennai and Hyderabad, touted as the largest outside the US. The company noted that it had processed USD 1.4 billion worth of international sales for over 3.6 lakh merchants in India last year.
How do I accept international payments on PayPal India?
Log in to your PayPal account, click on Wallet, then click on PayPal balance. On the subsequent popup, simply click on Manage currencies, then on the following page Add Currency. You’re done! Now your PayPal account is ready to receive International payments in currencies of your choice.
How do I accept international payments on Google?
How to send money internationally through Google Pay
- Tap on your Google Pay/GPay app.
- Find the contact you want to send money to in India.
- Hit Pay.
- You then have a choice of either Wise or Western Union for sending the money.
- If this is the first time you are sending money to your contact, add their payment details.