How can I receive foreign money in India?

How do I receive foreign money?

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  1. PayPal. PayPal has long been in the global money transfers market. …
  2. Instamojo. …
  3. Xoom. …
  4. SBI. …
  5. HDFC bank. …
  6. ICICI bank. …
  7. Axis bank.

Can I receive money from abroad in my bank account?

You can receive money from overseas through a transfer from the sender’s bank account straight into your bank account. … Typically, these transfers are expensive because banks charge hefty exchange rate margins when transferring to different currencies, and also apply fees.

How do I accept international payments?

5 Smart Ways to Receive International Payments

  1. A Multi-Currency Account.
  2. Online Payment Gateways.
  3. PayPal.
  4. A Bank Transfer Minus the Bank.
  5. Bitcoin.

How do I receive international payments on Google?

Send money internationally

  1. Open the Google Pay app .
  2. Search for the contact in India or Singapore you want to send money to.
  3. Tap Pay.
  4. Select Western Union or Wise. …
  5. For Western Union, tap Google Pay under “How you would like to pay.”
  6. If you haven’t sent money to this person before, add their payment details.

How do I accept international payments on PayPal India?

Log in to your PayPal account, click on Wallet, then click on PayPal balance. On the subsequent popup, simply click on Manage currencies, then on the following page Add Currency. You’re done! Now your PayPal account is ready to receive International payments in currencies of your choice.

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Can I receive money on PayPal in India?

One of the unique features of PayPal is that you can receive money in your PayPal account without a bank account. … For Indian customers, PayPal is not allowed to hold money for more than a day, and a mandatory withdrawal to the bank account would take place due to regulatory norms¹.

How much money can you receive from abroad?

You can receive a gift of as much as $100,000 from a foreigner without reporting it, as long as it is not paid out through a trust and it does not get deposited in a foreign bank account owned by you. Married couples can receive double that amount.