Saudi Arabia offers incredible employment opportunities to people from nations around the world. It has been a hub for Non-Resident Indians for many decades. Many NRIs in Saudi Arabia have strong ties to their families in India and look for the best way to transfer money from Saudi Arabia to India.
One of the best and fastest ways to send money from Saudi Arabia to India is via a DBS Treasures NRE account. Managing expenses in India while working overseas may seem daunting, but an NRE account simplifies it for you! You can remit to your family as per your comfort, without limiting how much and how often you transfer.
Online remittance is a preferred way to transfer money from Saudi Arabia to India. Here are quick steps to follow:
Step 1: Open and set up your NRE account. With DBS Treasures, the account-opening process is remote. You can get in touch with our Relationship Managers for more details.
Step 2: Log in to your local bank account where you stay and choose an option similar to remittance.
Step 3: Enter your details like Customer ID or registered mobile number to fill out the online form.
Step 4: Add or select your payee or beneficiary. You will need the correct bank details, IFSC code and SWIFT code for the NRE account that you wish to transfer funds to.
Step 5: Check if all the information is correct.
Step 6: Click on ‘Submit’ or an equivalent button to complete your transaction.
IIn case your receipent account is your DBS Treasures NRE account, you will receive an SMS and email to confirm that the transfer amount has been credited.
Transferring funds from Saudi Arabia to India is easy. All you need is access to internet or mobile banking facilities.
Transferring money from Saudi Arabia to India with DBS Treasures also has other distinct advantages. You can get preferential exchange rates and faster transfers within 24 hours*. You can also access over 40 exclusive lifestyle privileges at your convenience.
With DBS Treasures, there are no service charges applicable on inward remittances. Here is our schedule of charges:
|International Funds Transfer||Service Charge|
|Credit to DBS Treasures Account for Inward remittance||Free|
|Returned funds for unapplied OTT / ITT (for inward remittance)||All INR 500 + Swift Charges|
There is no minimum amount on the transfer of funds from Saudi Arabia to India.
Yes, you can repatriate funds abroad from your NRE account at your convenience.
No, there is no upper limit for transfers into a DBS Treasures NRE account from your account in Saudi Arabia. You can transfer funds as per your convenience and as often as required.