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tarunsonthalia

Sending money back home

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Hello,

I'm from India. I'll be settling in Philippines over the next 1.5-2 years. I have a family back in India. I wanted to know which would be the best way to send money back home? I tried to look through the web, but couldn't find anything significant. Can someone help me out please.

Thank You
 

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Welcome to the forum. I would think any of the major remittance services would work in your case. 

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19 minutes ago, tarunsonthalia said:

Hello,

Welcome.jpg :thumbsup:

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Most remittance services will send to India, Western Union has India on their list for transfer out of the Philippines. I am not sure but you may be limited to P50000 at a time without BSP (Central Bank of the Philippines)  approval assuming this new law is still efective

Quote from 2016

Quote

“A person may import or export, or bring with him into or take out of the country, or electronically transfer, legal tender Philippine notes and coins, checks, money order and other bills of exchange drawn in pesos against banks operating in the Philippines in an amount not exceeding P50,000 without prior authorization from the BSP,” Aquino said.

Source, http://www.philstar.com/business/2016/08/27/1617514/travelers-now-allowed-bring-out-p50k

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