How to send money from India to Malaysia or Singapore ?

in Money Transfer


There are 2 ways to send money from India to Malaysia. First one is you have to use the Bank Outward Remittance (ICICI, HDFC Bank, State Bank Outward Remittance etc) Wire Transfer or Foreign Currency Demand Draft.

If you use Bank Outward Remittance from you bank, your receiver should have bank account in Malaysia.

The Money can be sent to abroad countries using the following modes:

1. Wire Transfer/ Transfer through SWIFT – ( If SWIFT facility is not available, your remittance can be effected through telex ).
2. Foreign Currency Demand Draft – You can send the Demand Draft to the beneficiary, who receives payment from drawee bank on presentation.

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