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Can someone in India send money to Nigeria?

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Can someone in India send money to Nigeria?

To send money to Nigeria, request a telegraphic transfer or direct debit from your bank or sign up for a free account with one of the money transfer companies on this page. Banks provide the INR to NGN exchange rate when you request an international payment from online banking.

What is the best way to send money from India to Nigeria?

Paytm is one of the most popular methods of sending money from India to Nigeria.

How much money can be sent from India?

There is no restriction on the frequency or the no. of times money is sent abroad from India and only the Total Limit is fixed at $1,25,000. The Remittance can be made in any currency but shall not be more than the equivalent of $1,25,000.

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Can someone from another country send me money?

You have several options. You can wire money through your bank, or use a transfer service like Western Union or MoneyGram or Xoom. You can also use a foreign exchange service like OFX. In all cases you will need the recipient’s banking information for the transfer.

How can I receive money from India to Nigeria?

How Can I Send Money from India to Nigeria

  1. Visit WU website to find the nearest physical location in India or use their site to transfer funds.
  2. Bring in your cash, your ID (passport) or other document that identifies you.
  3. Make sure you know the full name of money recipient, his or her phone number and other details.

Can Nigeria use Paytm app?

You can use Paytm for Nigeria funds transfers from India, but you’ll need to join Paytm and register account first. Once you’ve logged into Paytm, register an account and add money to your wallet.

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How can I transfer money from India to other country?

How does it work?

  1. Start your transfer. Enter the destination country and the sending amount. Choose business entity as the payee and select the purpose of transfer.
  2. Enter your beneficiary’s details. Fill out the beneficiary (business) bank account details1 and payment reference number.
  3. Pay and send. Pay for your transfer.

How can I transfer money from India to international bank account?

How to send money to a bank account

  1. Log in to your profile.
  2. Check bank account transfer service availability by destination country.
  3. Select our direct to bank service.
  4. Enter your receiver’s bank account information.
  5. Pay with your Bank’s internet or mobile banking.

Is it legal to receive money from overseas in India?

All governments welcome funds from foreign countries as it bolsters the economy. India has not sent any limits on receiving funds from abroad. However, the foreign country you are in might have regulations that limit the amount of money you can send abroad. These regulations differ from country to country.

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Can Indian send money to another country?

What is international money transfer & how to transfer money to another country? The Reserve Bank of India (RBI) allows Indian citizens to send money from India through a process called outward remittance which is directed by various foreign regulations.

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