Help regarding Money Transfer .

desiraja · #1 20th June 2007, 11:59 AM

Dear Seniors,

I am a newly born both for trade and forum, i have some doughts regarding money transfer, kindly explain step by step. Thanks in advance.

* If a person from INDIA opens an account at Marketiva (or any where else) then,

How to deposit funds(USD) from his pocket(INR) to marketiva a/c ?In Markertiva they are accepting via wire transfer or e-bullion(best option)

Please explain what practicall step to be taken for transfering funds. (which bank account is needed )

How to deposit thru e-bullio or e-gold, is any separate account should be open at e-bullion website.

kindly reply with A to Z about transfers with its transaction costs, Also explain the reverse process for withdrawing money.

desiraja · #2 22nd June 2007, 10:14 AM

Dear Traderji,

Please answer my question or explain A to Z of Money Transfers from india to abroad from one account to another, please.

Rupesh

Traderji · #3 22nd June 2007, 10:18 AM

Quote:

Originally Posted by desiraja

Dear Traderji,

Please answer my question or explain A to Z of Money Transfers from india to abroad from one account to another, please.

Rupesh

I am sorry I cannot help you in this matter. Please check with your bank.

desiraja · #4 22nd June 2007, 10:22 AM

Dear Sir, actually i want to know what is the process, i dont want to transfer , please explain how the things are getting done.

swagat86 · #5 22nd June 2007, 10:37 AM

many of them accept a paypal a/c, open an a/c with them(its free) then u can enter ur Credit card no and thn transfer funds to paypal a/c, check out the charges( although its free for personal a/c, premiere and business a/c's attract charges) .

Once u have the funds in ur Paypal a/c they can be paid in any currency u want.

thanks

desiraja · #6 22nd June 2007, 10:49 AM

Thanks Swagat for your reply, but i had heard that Paypal is no more active, and some companies are not accepting thru paypal, do u have ne idea about e-gold or e-bullion.

harmads · #7 23rd June 2007, 11:46 AM

Investing Offshore has been made legal in India and one can transfer or invest upto $100000.00 without any questions asked by your bank, though, since Indian banks do not like monies going out of their deposits they put hurdles.
Reliance Money has tied up with CMC Markets UK to trade offshore, online, and one can open an account with them. All transactions will be handled by RM in India.

Hope this info helps

swagat86 · #8 23rd June 2007, 03:08 PM

Quote:

Originally Posted by desiraja

Thanks Swagat for your reply, but i had heard that Paypal is no more active, and some companies are not accepting thru paypal, do u have ne idea about e-gold or e-bullion.

Well Paypal is workin fine for me, i transfered some $'s from my paypal a/c to ICICI thru www.xoom.com . It wokred fine. And i v no idea abt E gold or bullion.

desiraja · #9 23rd June 2007, 06:05 PM

Nice info Harmads, swagat, thanks lot,

prabu · #10 4th August 2007, 05:20 PM

Quote:

Originally Posted by harmads

Investing Offshore has been made legal in India and one can transfer or invest upto $100000.00 without any questions asked by your bank, though, since Indian banks do not like monies going out of their deposits they put hurdles.
Reliance Money has tied up with CMC Markets UK to trade offshore, online, and one can open an account with them. All transactions will be handled by RM in India.

Hope this info helps

hello sir RBI allows only 25000$ for a claendar year to remit outside india...

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