Can someone send money to my account from overseas
You can receive money from abroad via a bank transfer directly from the sender's bank account into yours. To receive a bank transfer from abroad, you'll need to provide the sender with your: Bank details. Full name.
Can you transfer money out of Vietnam
Legislation on Money Transfers Abroad
The law is very clear on this subject: if you are a Vietnamese resident and a foreigner, you have the right to take money out of the country as soon as it has been legally earned. This means that you have paid your taxes on them.
Can you transfer money to India from NRI account
Know the limits on transfers: While sending money to any country, one needs to be aware of remittance limits. There is no tab on the amount of money an NRI can send to India. However, the money being sent must be earned legally. Also, the sender needs to pay required taxes in the country where it has been earned.
How to send money from India to Vietnam
There are 2 ways to transfer money from India to Vietnam with MoneyGram:Transfer money from India straight to Vietnamese bank accounts via MoneyGram.Transfer money from India straight to Vietnam via MoneyGram's branches.Transfer money to Vietnam through Remitly (FinFan's partner)
What happens if you transfer more than $10000
Financial institutions must file a Currency Transaction Report (CTR) for any transaction over $10,000. The CTR includes information about the person initiating the transaction, the recipient, and the nature of the transaction.
How can someone send me money internationally
Our Top Picks for the Best Ways to Send Money InternationallyWise — Best for Low Fees.PayPal — Best for Peer-to-peer Money Transfers.Western Union — Best for Availability.MoneyGram — Best for Cash Transfers.OFX — Best for Large Amounts of Money.WorldRemit — Best Mobile Option.XE — Best for Business Transfers.
How much money can you leave Vietnam with
There are no restrictions on the amount of currency, gold, precious metals and stones; however, you have to declare on the customs forms provided that your luggage includes: Foreign currency: in excess of US$ 5,000. Vietnam Dong: in excess of VND15. 000.000.
How much money can you carry out of Vietnam
If you plan to take money out of Vietnam, you can take out amounts of less than 15 million in Vietnamese dong or USD5000 (or equivalent in other foreign currencies) without declaring this. Any amount in excess of this will need to be declared to Customs at the airport.
How much money NRI can send to India without tax
As an NRI, there will be no tax applicable on your remittance since the remittance is not being made under LRS. How is tax cut currently on remittances and since when did it apply From October 1, 2020, remittances of up to Rs700,000 (Dh33,103) in a financial year are free from tax liability.
Is it legal to transfer money from abroad to India
RBI Rules Related to Forex Transaction
If you want to make a transaction, you must follow the rules established by the Reserve Bank of India: According to RBI regulations, remittances of up to USD 25,000 (INR 20,42,200) are allowed per calendar year.
How much money can I carry from India to Vietnam
Currently, there is no legal limit on the amount of cash you can bring to Vietnam (either for Vietnamese Dong or any other foreign currency).
How much dollars can I carry from India to Vietnam
Basing on Vietnam customs regulation, foreign currency (including cash, coin and travelers' cheques) in excess of US$7,000 must be declared at customs upon arrival with supported appropriate documentation.
What is the maximum amount you can transfer internationally
How much money can you wire without being reported Financial institutions and money transfer providers are obligated to report international transfers that exceed $10,000. You can learn more about the Bank Secrecy Act from the Office of the Comptroller of the Currency.
What is the maximum money transfer without tax in India
However, if you transfer funds to anyone outside these categories, there will be tax implications for amounts exceeding Rs.50,000.
Can I send $5000 through Western Union
If you want to make a large money transfer, Western Union allows you to transfer up to $50,000 from the US when sending from your bank account directly to the receiver's bank account.
How many dollars can I carry from India to Vietnam
If you bring over $5,000 US Dollars, other foreign currencies of the same value (or 15,000,000 Vietnamese Dong, you're going to have to declare it at customs when you get here.
What is the best way to take out money in Vietnam
Cash withdrawal and exchange
ATMs are a common sight in Vietnamese cities, and you should have no trouble locating one in most destinations. International cards such as Visa are accepted at more than 20,000 ATMs nationwide. If you need help finding the nearest ATM, just ask your hotel.
Do NRIs pay taxes when they transfer money to India
If you are an NRI, you also need a declaration to the effect that the total remittances being made by you have not exceeded the limit under the foreign exchange laws. As an NRI, there will be no tax applicable on your remittance since the remittance is not being made under LRS.
How much money NRI can send to relatives in India
There is no ceiling on the money an NRI can send to India. This money, however, needs to be earned through legit means. You also have to pay the required taxes on this money in the country it was earned. There is also an aspect of taxation to the money being sent to India.
What is the maximum limit for international money transfer
RBI Rules Related to Forex Transaction
According to RBI regulations, remittances of up to USD 25,000 (INR 20,42,200) are allowed per calendar year.
Do I need to pay taxes on foreign money transferred to my account in India
Are inward remittances taxable in India Usually, there are no tax implications for expenses covering living costs, travel, medical bills, education, gifts, donations to charitable institutions, etc. However, it depends on the nation's laws from where you initiate the money transfer.
How many dollars can a foreigner carry from India
The legal limit to carry cash currency in US Dollars from India to USA is USD 3000 per person per trip. However, you can carry up to US $10,000 in form of currency notes, Travelers check, etc. without declaring it at the customs. How India's currency ban will affect NRIs
How much cash can you leave Vietnam with
There are no restrictions on the amount of currency, gold, precious metals and stones; however, you have to declare on the customs forms provided that your luggage includes: Foreign currency: in excess of US$ 5,000. Vietnam Dong: in excess of VND15. 000.000.
Can I carry 10000 USD to India
There's no limit, however, to how much foreign currency you can bring into India. Although, you will have to declare it if the amount exceeds US$5,000 in notes and coins, or US$10,000 in notes, coins, and traveller's cheques².
Is there a limit on Swift international transfers
You can make multiple transfers throughout the same day. $1.6 million per SWIFT transfer. Limits can vary depending on the currencies you send to and from and the payment method. You can transfer up to $500,000 or currency equivalent for online transfers only.
