Here is how to remit money to India from Saudi. Before transferring money to India you survey and compare different options to get the best exchange rates.
Option 1: You might want to try transfer agencies like Western Union or Moneygram to send money ( this method is faster compared to other).
Option 2: SBI Express Rupee
NRIs in the Middle East Countries ( Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE ) can use SBI Express Rupee Remit Service to send rupee remittances to India through Banks.
Checkout list of banks in Middle east that offer SBI Express Rupee services
| Country | Name |
|---|---|
| Bahrain | Bahrain Financing Co. Bahrain
Bahrain India International Exchange Co. |
| Kuwait | Al Mulla International Exchange Co.
Al Muzaini Exchange Co. Bahrain Exchange Co. Kuwait India International Exchange Co. UAE Exchange Centre, Kuwait |
| Oman | Global Money Exchange
Mustafa Sultan Exchange Co. Oman & UAE Exchange Centre |
| Qatar | Doha Bank
Trust Exchange Co. |
| Saudi Arabia | Al Rajhi Banking & Investment Corporation
Arab National Bank |
| UAE | Al Ahalia Exchange
Al Ansari Exchange Co. Al Fardan Exchange Co. Al Rostamani International Exchange City Exchange Emirates India International Exchange Orient Exchange Co. UAE Exchange Centre Wall Street Exchange Centre |
Option 3: ICICI exchange house in Middle East
You can use use ICICI Bank exchange houses in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE to remit money to India. ICICI offers SpeedTransfer, InstaTransfer and Demand Drafts services for customer in Middle East.
Middle-East ( Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE ) Exchange rates. –
Checkout List of ICICI Bank Exchange Houses and Correspondent Banks in Middle east.
Option 3: Using HSBC NRI Services
HSBC NRI Services currently offers Internet based Money Transfer service to send money to India from Saudi Arabia for Free.
