Wire Transfers to India affected ? 2500 USD Limit ?

Discussion in 'Payment Processing' started by theonly1, Feb 6, 2010.

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  1. #1
    Some users posted 2co have now minimum 2500USD transfer limit?

    is it TRUE ?
    if it is what is source of info?Did RBI implemented some new rules?

    I always receive 200 to 1000 USD wire transfer sin my bank with no problem,what will I do now?

    It seems all un-logic.How NRI livings outside will sender wires if 2500 USD limit is used?

    I know WU is not allowed in India for business but what is legal now to get small 100-1000 USD from USA/AUS/UK ?
     
    theonly1, Feb 6, 2010 IP
  2. kittyluver

    kittyluver Notable Member

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    #2
    There is no such limit for Electronic Fund transfer in India. You can send as much money you want. BTW, the limit is for paypal only especially for premier account holder.
     
    kittyluver, Feb 6, 2010 IP
  3. theonly1

    theonly1 Active Member

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    #3
    Do you mean SWIFT (Bank WIRE transfers)
     
    theonly1, Feb 6, 2010 IP
  4. Rohit patel

    Rohit patel Prominent Member

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    #4
    Nothing implemented by RBI, you can transfer as much money as you can if you paying your tax and follow legal system,
     
    Rohit patel, Feb 7, 2010 IP
  5. Cpaleadsprovider

    Cpaleadsprovider Guest

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    #5
    There is only wire fee not the minimum amount
     
    Cpaleadsprovider, Feb 7, 2010 IP
  6. Axus Technologies Inc.

    Axus Technologies Inc. Peon

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    #6
    Wire Transfer is not for Business ??

    WHAT ?
    Is that true ?
    I dont think so.. 98% of IT companies use Wire Transfer for client payments from abroad.

    If Wire Transfer also dies, then I must say, Indian Govt should die , since there is no other options.

    Indirectly, someone is saying, IT should be stopped in India and ppl should start farming again. LOL!


    I dont think, there is any limit for Wire Transfer.

    Also, I have Premier PayPal accounts doing transaction of 15-20k / month.

    Is that not allowed by Paypal ?
     
    Axus Technologies Inc., Feb 7, 2010 IP