[amjayan]

hi i tel u the best way to transfer money to india, u go to indian overseas bank in tsim sha tsui. and make a draft for the money u want to send tats it. or u can pm. me, i can help u with some other methods also.. tats wat i am doing for the past 3 yrs.. its safe..

[komal_kim]

Originally Posted by funnie

Hi,

I am a NRI wanted to transfer my earning from hk to india.
I came to know that if i transfer the money thru western union then when i will invest the money in india it will be taxable.
But if i open an NRI bank acocunt and transfer the money through it. Then it will not be taxable.
Please let me know if this is the case.

I dont understand..why people never try online money transfer services? i am regularly doing transactions via remit2india dot com and always getting best exchange rates..why to go for banks if we have power of internet..!

[indianjunkie]

Hi,

I have been transferring money online thru HBSC for almost 2 years. It is the most convenient and gives the best exchange rate. I have tried all the banks.

The best part is they don't take any TT charges for online transfers from HSBC HK A/C to HSBC NRI A/C. These accounts have to self named.

Follow the steps in the below link to save the TT charges.

NRI Centres - Money Transfers from Hong Kong - HSBC India

PLEASE KEEP THE REMITTING CURRENCY AS HONG KONG DOLLARS. IN THIS CASE THE HKD GETS CONVERTED TO INR IN INDIA AND YOU GET BETTER RATE.

DON'T CHANGE IT TO INDIAN RUPEES. IF YOU DO THAT, HKD GETS CONVERTED INTO INR IN HONG KONG AND THE EXCHANGE RATE IS BAD.

[shreshti]

hi
HSBC NRI Bank transfer is best way to transfer money rather than any other means. because TAXES are exempted for NRI income..rather.. than transferring online or other means..will be taxable in India.. because they dont know the source of fund. they will tax it..

[jona.30]

I am agree with you komal, yes there are are some taxes are charged behind online transfer but you can get your money transfered much faster and as everybody knows remit2india as its a brand in online money transfer. and much safer than any other services that i have used so far..