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Whether you are helping out family in Chennai or opening an office in Mumbai, when you need to send money from Hong Kong to India fatafat, you want simple and cheap options.
By comparing the transfer fees and exchange rates of many providers at once, you can be confident that you’re finding the best deal with the least amount of hassle.
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務，。
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to India with an online money transfer specialist.
Western Union and MoneyGram provide the largest money transfer networks in the world, with thousands of agent locations around the globe, but it’s always smart to compare your options and see what works best for you.
Many Hong Kong banks offer the option to send funds to India, but they typically charge high transfer fees and offer exchange rates that are significantly lower than the mid-market rate — or the rate banks and transfer providers use when trading among themselves.
A reputable money transfer specialist can often offer better exchange rates and also charge lower fees, saving you money and putting more rupees into your recipient’s pocket.
Non-resident Indians — or NRIs in remittance lingo — sending money to India are required to pay a 12.36% government service tax on any commission or fee paid to an agent to facilitate the exchange. Some banks and providers conveniently factor this service tax into your totals, but ask if you don’t see it listed.
You’ll need to give your recipient the transaction reference number to allow them to pick up your funds – they’ll also need to bring along a photo ID. For larger transfer amounts, phone ahead to an agent location to make sure it has sufficient cash available for your recipient to collect.
You might need to send an emergency cash transfer to India — for example, if a friend travelling through the country loses their wallet. When a fund transfer is urgent, the fastest option will often be the most expensive one. Be sure to carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.
You should practise good personal security when collecting funds in India. Just as you would at home, be careful when you pick up your money. Take a friend along for added security and don’t display your cash unnecessarily. Avoid high-crime areas and deposit your funds into your bank account as quickly as possible.
If you decide that the bank option is the best for your situation then you will need to have a bank account set up in Hong Kong. If you like the money transfer option then make sure you have the right information at your fingertips.
Once the transaction is complete, you should hold onto your paperwork until your recipient confirms that they have collected the cash. You will need this receipt as verification if there are any issues with your transaction.
With a large amount of business being conducted between Hong Kong and India on the daily, there is no shortage of transfer service companies and banks willing to help you with your transaction. It’s up to you to compare the options to make sure that your Hong Kong dollar is netting you the maximum return.
India, the country that receives the most money transfers, saw an estimated $69 billion in remittances in 2017, according to World Bank data. Let’s see what countries are sending money to India.
| 1 | United Arab Emirates | $13,822,589,675 |
|---|---|---|
| 2 | United States | $11,714,633,011 |
| 3 | Saudi Arabia | $11,238,826,124 |
| 4 | Kuwait | $4,587,413,216 |
| 5 | Qatar | $4,143,368,052 |
| 6 | United Kingdom | $3,940,789,728 |
| 7 | Oman | $3,250,046,834 |
| 8 | Nepal | $3,015,913,314 |
| 9 | Canada | $2,876,744,463 |
| 10 | Australia | $1,943,847,714 |
