Q: How do I send money abroad through ABN Forex?

Sending money abroad through ABN Forex is straightforward:Visit our office at L-60B, Malviya Nagar, New Delhi with the required documents.Fill out the transfer form with the recipient's details (full name, address, phone number, and bank details if opting for bank deposit).Choose your partner network -- Western Union, Ria, MoneyGram, or others based on the destination country and your preference.Make the payment in Indian Rupees along with the applicable transfer fee.Receive the tracking number (MTCN for Western Union, reference number for others) and share it with your recipient for collection.

Question 1

How do I send money abroad through ABN Forex?

Accepted Answer

Sending money abroad through ABN Forex is straightforward:

Visit our office at L-60B, Malviya Nagar, New Delhi with the required documents.
Fill out the transfer form with the recipient's details (full name, address, phone number, and bank details if opting for bank deposit).
Choose your partner network -- Western Union, Ria, MoneyGram, or others based on the destination country and your preference.
Make the payment in Indian Rupees along with the applicable transfer fee.
Receive the tracking number (MTCN for Western Union, reference number for others) and share it with your recipient for collection.

Question 2

How long does an international money transfer take?

Accepted Answer

Transfer times vary by partner and delivery method:Cash pickup: Most transfers through Western Union and MoneyGram are available for cash pickup within minutes at agent locations worldwide. Ria transfers typically arrive within 10-15 minutes.Bank deposit: Direct bank deposits usually take 1-3 business days depending on the destination country and the receiving bank's processing times.Mobile wallet: Transfers to mobile wallets in supported countries are usually completed within hours.Please note that some transfers may be subject to regulatory review, which can add processing time.

Question 3

What documents do I need to send money?

Accepted Answer

To send money internationally, you need:Photo ID: Valid passport, Aadhaar card, or Voter IDPAN card: Required for all outward remittances as per income tax regulationsPurpose of remittance: You may need to provide supporting documents depending on the purpose (e.g., university fee receipt for education, hospital bills for medical treatment)A2 form: A declaration form required by RBI for all outward forex transactions, which we will help you fill outFor amounts exceeding USD 25,000, a Certificate from a Chartered Accountant (Form 15CA/15CB) may also be required.

Question 4

How do I receive money sent from abroad?

Accepted Answer

To receive money at our office, you need:The Money Transfer Control Number (MTCN) or reference number provided by the senderA valid photo ID (passport, Aadhaar, Voter ID, or PAN card)The sender's name and country of originThe exact amount sent (in the sending currency)Walk into our office during business hours, present these details, and collect your money in Indian Rupees. The exchange rate at the time of payout will apply. The process typically takes just 10-15 minutes.

Question 5

What are the charges for sending money?

Accepted Answer

Transfer charges depend on several factors:Transfer amount: Fees are usually tiered -- larger amounts may have proportionally lower feesDestination country: Some corridors are more competitive than othersPartner network: Each network has its own fee structureDelivery method: Cash pickup may have different fees than bank depositWe always disclose the exact fee and exchange rate before you confirm the transfer, so there are no surprises. For receiving money, there are typically no charges -- the recipient gets the full amount minus the sender-side fee. Contact us for a specific quote for your transfer.

Question 6

What are the transfer limits?

Accepted Answer

Transfer limits are governed by RBI regulations under the Liberalized Remittance Scheme (LRS):Resident individuals can remit up to USD 250,000 per financial year for permissible purposes including family maintenance, education, medical treatment, gifts, and investmentsIndividual transfer limits may also apply based on the partner network and destination countryFor receiving money, there is no upper limit -- you can receive any amount sent to you from abroadFor transfers exceeding USD 25,000 in a financial year, additional tax compliance documents (Form 15CA/15CB) are required. We guide you through all regulatory requirements.

Question 7

Can I send money to Nepal through ABN Forex?

Accepted Answer

Yes, we offer specialized Indo-Nepal remittance services. India and Nepal share a unique financial relationship, and we facilitate transfers between the two countries under the Indo-Nepal Remittance Facility. Transfers to Nepal can be done through our partner networks and are typically processed quickly. The service is available for both personal and business remittances. Visit our office or call us at +91-11-26685265 for more details on Nepal transfers, applicable rates, and documentation requirements.

FAQ - Money Transfer

Money Transfer FAQ

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