A telegraphic transfer is an electronic funds transfer that simplifies the process of sending money for overseas wire transfers.
These transactions are made possible thanks to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging network. The SWIFT transfer network is used by banks across borders to send and securely receive information. Sensitive information regarding the transfer of funds is submitted through this network.
The beneficiary will receive the amount within 1-4 business days.
The amount of money you can transfer to India is unlimited. However, that money needs have a legal origin. This money will also be subject to income tax payable in the country of origin. Some countries have a limit on how much money can be sent overseas. This is to prevent money laundering. For instance, in the United States, up to $14,000 can be sent overseas to a single person every year. Amounts over the $14,000 threshold will attract gift taxes.