transfer money to india
Sending money to India is of special interest to every NRI with family and friends in India.
Unless there is an absolute dire need, withdrawing cash using foreign debit cards at ATMs in India is like ‘penalty’ just because you need money.
Consider this: I withdrew $325 using my Bank of America’s debit card at Citibank’s ATM in New Delhi.
For this transaction, I paid the following charges:
Having access to local currency (Indian Rupee) is the first and foremost important item a foreign traveler would need starting from the airport.
In the arrival section (Terminal 3) of the Delhi airport, there are currency exchange counters before the customs and after the customs area.
Before the customs, there are 2 currency exchange counters: 1) Thomas Cook and 2) Central Bank of India. Both the counters are open 24 hours.
Difference: Central Bank of India don’t charge any commission whereas Thomas Cook does and both gives the same exchange rate.