How to Transfer Money to India as Gift?

How to Transfer Money to India as Gift?

How to Transfer Money to India as Gift?

Many times, it happens that an NRI wishes to send some money home for his/her daughter's birthday or a dear one's wedding etc. Such times, the money is sent as gift. However, it is not treated as gift by various transfer methods. The NRI's money sent to India is non-taxable. So, it means that entire money can be transferred to the beneficiary without any loss in terms of fee or other charges etc. so, in order to take benefits, the NRIs need to send money as gift.

There are various means in which one can send money as gift to India like:

Sendwise.com: you can transfer funds to India by a facility called gift cheques. These cheques are issued by Canara bank. The beneficiary would receive funds in less than 4 working days. When you wish to transfer money, you can do so using your credit card too. Of course some fees and charges are applicable.

Remit2India: when you want to make use of a service that is quick and easy, you need to reach Remit2India. It is a great way of transferring funds to India as gift. On special occasions, one can transfer funds to a beneficiary in India using this method; however, an important thing to be kept in mind is that in case of regular funds transfer to a person, the money shall not be regarded as gift.

PayPal: By far, this is another great method of transfer money as gift to India. You can make use of option "gift" when you send money to any beneficiary and no charges would be deducted on the amount sent. Hence, this method can be used to send money from any part of the globe to India as gift on various occasions.

Make use of any of the above ways and send joys to your loved ones in the form of gift.

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