Money Transfer from Dubai to India [Updated]

How to Send Money to India from Dubai

Money Transfer from Dubai to India [Updated]

Many Indians living in Dubai send money home to their families on a regular basis. For a variety of reasons, including family assistance, bill payment, and investment, transferring money to India from Dubai can be a frustrating and time-consuming ordeal.

Here, you'll find the details needed for making a money transfer to India from Dubai.

Dubai to India Currency Exchange Rate:


Step 1: Choose the Right Transfer Method

Bank transfers, online money transfer services, and remittance businesses are just some of the options for sending money from Dubai to India. Each approach has its own set of pros and cons; picking the best one for your situation is crucial.

Bank Transfers:

  • Sending money to India from Dubai is often done through a bank transfer. Your options for wiring funds to your Indian bank account are limited to making a personal visit to a branch or using online banking. This is a safe procedure, but the substantial fees often make it impractical.

Online Money Transfer Services:

  • If you need to send money quickly, cheaply, and safely from Dubai to India, consider using an online money transfer provider like TransferWise, WorldRemit, or Xoom. These services are gaining popularity among expatriates because they offer inexpensive costs and favourable exchange rates.

Remittance Companies:

  • Money Transfer Services Many remittance firms in Dubai facilitate transfers to India. Because of their reasonable transfer fees and reasonable exchange rates, they are a great option for frequent transactions. Yet, it is crucial to pick a dependable firm that is authorised and supervised by the Central Bank of the UAE.

Step 2: Understand the Exchange Rate

The value of one currency expressed in terms of another is known as the exchange rate. Making the most of your money while transferring funds from Dubai to India requires a firm grasp of the local currency conversion rate.

Market conditions, political events, and economic indicators are only some of the variables that can affect exchange rates. In order to determine how much money you will receive when exchanging from dollars to Indian rupees, you can do it by looking up the conversion rate or by using a currency converter.

Step 3: Provide the Necessary Information

You'll need to give the following details in order to send money to India from Dubai:

  • Your bank account details
  • Your recipient's bank account details
  • Your recipient's name and address
  • Your recipient's Indian bank account number and IFSC code
  • Make sure you have all the necessary information before initiating the transfer to avoid any delays or errors.

Step 4: Pay the Transfer Fee

In order to send money to India from Dubai, you will be required to pay a transfer fee. The transfer charge is not a fixed percentage of the amount you send but rather fluctuates with the method and the total amount transferred.

Sending money internationally by bank transfer can be costly, with costs ranging from AED 25 to AED 100. The transaction costs charged by online money transfer services and remittance providers are significantly cheaper, ranging from AED 5 to AED 20.

Step 5: Track Your Transfer

Once the transfer has been initiated, you can monitor its status using the tracking number provided by your chosen transfer service. You may track the status of your payment from the time it is submitted until it is deposited in the recipient's account.

Sending money to India from Dubai can be a straightforward and hassle-free process if you follow the right steps. By choosing the right transfer method, understanding the exchange rate, providing the necessary information, paying the transfer fee, and tracking your transfer, you can ensure that your money reaches its destination safely and securely.