Sending money back home

If you have a bank account now, use it for wire transfer. Otherwise, try Western Union.

Hi CVCO,

Thanks for the info. But can you specify me which banks or other remittance companies you would recommend. This is a first timer for me. Which would be the best option?

There are many option you can transfer money to india in your bank account  using remit portals or CIMB bank via speedsend

Portal

www.eremit.com  (Merchanttrade)

www.money2anywhere.com  (UAE exchange)

www.imeremit.com (Ria money transfer)

www.lotusremit.com (Lotus)

All have different rate and charges depend if any promotion it will be less etc.

hello Expatind,

I just wanted to know that are banks the cheapest way to transfer money, because I don't want half my salary going in Bank charges. Also, could you share your experience of remitting money through a bank or a third party. What made you choose that service? What improvements have they gone through or you would like to see in future.

The reason to ask is, these pointers would help me make my decision about choosing a third party or a bank.

Thank you for replying

Send through India international bank of Malaysia on jalan raja chulan.

They charge just RM 10 per remittance and you save on the overseas and local bank charges

Check the rates. They quote daily and you need to negotiate a few paise more as they play safe.