Sending Money Home from India

Western Union is a good and reliable company to head to should you wants to transfer from India to your home country. You can check the locations near you in India from the following website: http://www.westernunion.com/info/homePage.asp?country=IN
Always ensure that you visit authorized agents when transferring money from India overseas. Also check on limits or restrictions that may be in place.

Also http://www.moneygram.com which is another reliable company you can approach to transfer money from India to your home country.

Telegraphic Transfers which are bank-to-bank instrument and banks would also need to comply with the local rules and you can check with them whether you can move funds outside of the money. Do approach major banks for information on this.

You can also use Paypal to transfer money to people out of India. This can be done entirely online. Visit www.paypal.com for more information.

There is a limit of USD 50,000 per financial year under the Liberalised Remittance Scheme which would also include remittances towards gift and donation by a resident individual. Accordingly, under the Scheme, any resident individual, if he so desires, may remit the entire limit of USD 50,000 in one financial year as gift to a person residing outside India or as donation to a charitable/educational/ religious/cultural organization outside India. Remittances exceeding the limit will require prior permission from the Reserve Bank.