Re: [EZLINK] Re: Transfer of money from India to Singapore
Hi,
1) If your Rupees is in NRE account, you can withdraw here using bank's
global atm card; ofcourse there is daily withdrawal limitation.
2) If your known person travels from India, they can bring along up to
allowed sum/passport; travellors cheque will help if the amount is small.
3) Currently to bringout money from India, requires much explanations to
authorities.
Alternatively,
4) Singapore offer comparable interest rates & quicker process time & upto
6-times of salary limit & now a days some banks offer longer repayment
periods for personal loans. Can apply personal loans in various banks at
same time; Repayment capasity, has to be considered here.
5) Direct Bank loans against property purchase also another option.You may
wish to consider taking loans against your investment where you intend to do
it, which is safe aswell. Investment is always a common subject and incase
of property price fluctuations caused by certain situation, there might be
chances for national helps.
6) Always, there is less protection when doing things, by un-common ways.
Ofcourse, the decision about level of risk you wish to take is optional.
For above 4 & 5, it is good you need to be SPR as your CPF ordinary a/c
supports.
With current Forex situation, bringing rupees to S'pore is not profitable in
my opinion.
Srini & Members, if you feel/have valuable inputs than what I said, please
do so and I am keen to observe.
BR
Sara.C
----- Original Message -----
From: "vijaysudhish" <no_reply@yahoogroups.com>
To: <ezlink@yahoogroups.com>
Sent: Friday, November 24, 2006 12:12 PM
Subject: [EZLINK] Re: Transfer of money from India to Singapore
> hi Srini, if you have money in your NRI acct in India, then you can
> request your bank to send you DD in SGD payable at Singapore. This is
> a very easy and safest way. If the money is not in NRI acct then I am
> not sure what are the good options.
>
> Rgds
> Vijay
> --- In ezlink@yahoogroups.com, srivani98 <no_reply@...> wrote:
>>
>> Hi all,
>>
>> I am looking for a good and cheap way to transfer Indian Rupees into
>> Singaporedollars. I need this information because I need SGD for
>> investing in purchase of property in Singapore. I have cash in
> India.
>>
>> Looking for some valuable advice or tips from the group
>>
>> Regards,
>> Srinivas
>>
>
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> Yahoo! Groups Links
>
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>
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