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.
Both Western Union and PayPal are popular choices for sending large sums of money overseas.
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.
You would need to visit a bank that is a part of the NEFT network and proceed with transfers. The only issue is that such remittance is restricted at RS. 50,000 per transaction. People using netbanking or mobile banking can do NEFT fund transfer online as well.
Use a wire transfer
It's a good way to send money quickly and securely, especially large amounts of money or overseas transfers. It's safe for the sender as long as you know the recipient. And it's safe for the recipient because the funds are guaranteed (unlike a personal check, which can bounce).
Wire transfers also have limits, but in general they are higher than ACH transfers. As with an ACH transfer, many major banks impose a per-day or per-transaction wire transfer limit. For example, Chase Bank sets the limit at $100,000 for individuals, but offers higher limits to businesses on request.