How To withdraw & Transfer Money to india

[Algore]

How can i withdraw moey and trasfer it to india at very low fees ...

If possible deposit the money at local bank account ... in india

the paypal people charge $5 for check payment but ... if u withdraw $100 u get $5 ( after $5 transaction fees )

Right how when check comes backs to u from U.S. to india you then deposit that U.S. local bank check to indian bank and 20% of $95 is gone for transaction
( $$ Check to INR conversion rate os $33.84 while cash $$ conversion to INR is $40.45)

So is there any alternative way ... so that when i transfer $100 from paypal ... for very small transaction fee ... say $5 to $6 or even some more ... i get the rest .... converted at standard converion rate of 1$ == 40.45 INR
direct deposit to bank or demand draft ... whatever is possible ...

So someone help

After searching a bit in google i found that remit2india offers that sort of things but u need a SSN ( only US citizens have it ) ... in india theres no SSN
( which is election card for indians ) .. they require SSn not election card ...


So any alternative

[Algore]

The method must be a legal one ... ( possibly registered under Reserve Bank Of india )

No Fraud Awareness

[deluxdon]

BTW paypal not allow to withdraw $100 :p (Minimum amount is $150 for indian paypal account).

You can try XOOM for this as they charge $8 for $25 to $500 and $15 for $501 to $1000. You will get your funds in 2-3 days (bank transfer) or 4-5 days (cheque delivery). And its legal too.

[Indian_Webmaster]

BTW paypal not allow to withdraw $100 :p (Minimum amount is $150 for indian paypal account).

You can try XOOM for this as they charge $8 for $25 to $500 and $15 for $501 to $1000. You will get your funds in 2-3 days (bank transfer) or 4-5 days (cheque delivery). And its legal too.

I can say this is a nice advise. I am using Xoom myself and very happy with their service...

I am getting my paypal funds on 4th or 5th day in my SBI bank A/c.

Xoom is preferrable rather than waiting for paypal checks for 25-30 days and sometimes more than that...

[Algore]

BTW paypal not allow to withdraw $100 :p (Minimum amount is $150 for indian paypal account).

You can try XOOM for this as they charge $8 for $25 to $500 and $15 for $501 to $1000. You will get your funds in 2-3 days (bank transfer) or 4-5 days (cheque delivery). And its legal too.

So everytime u make a transaction ... only $8 are charged ... for 25 to 500$

No extra or hidden charges right ...

Ok then it fine so as u said 150$ for indian paypal account that is if i withdraw 150$ ... that is i get $142 ( after $8 deducion ) ... and no extra charges i hope .. $142 is converted to INR @ approx 40 ( 1$= ~ 40 INR)
Thanks

[goforhunt]

Bro. Yes...xoom is perfect but donot expect the standard conversion rate there must be a difference of 1.00 Rs.

Rest $8.00

[Algore]

Bro. Yes...xoom is perfect but donot expect the standard conversion rate there must be a difference of 1.00 Rs.

Rest $8.00

Thanks a lot my friend ...

[deluxdon]

Ok then it fine so as u said 150$ for indian paypal account that is if i withdraw 150$ ... that is i get $142 ( after $8 deducion ) ... and no extra charges i hope .. $142 is converted to INR @ approx 40 ( 1$= ~ 40 INR)
Thanks

If you withdraw $150 then they deduct $158 from your paypal account and you will get $150 x current exchange rate offered by xoom. Xoom current exchange rate is around $39.30 to $39.50 IMO. Check this with their site. BTW there is no extra charges other than $8 for this.

[champ_rock]

Right how when check comes backs to u from U.S. to india you then deposit that U.S. local bank check to indian bank and 20% of $95 is gone for transaction
( $$ Check to INR conversion rate os $33.84 while cash $$ conversion to INR is $40.45)

the cheque comes in INR only. there are no transaction charges for clearing the cheque

i have never used XOom and like the traidtional and official Paypal system better

[websys]

i have never transfered any money from paypal to my bank :D it's easier to spend it online
but then i dont think it is really worth to go through all that trouble just to bring 100 USD home

[Algore]

Ofcourse ... u are quite websys .
Thanks

[bobchrist]

Xoom seems better option to get your fund within 3-5 days using paypal.