1

I have to go back to India due to job loss and have to repay my bank loan in Dubai.

How can I transfer money from my savings account to my bank in Dubai?

1

If the funds are in NRE account, then there is no issue. You just instruct your bank in India to transfer.

If your tax status in India is Non-Resident Indian, you should not be holding a normal Savings bank account.

Under the liberalized remittance scheme you can transfer upto 2,50,000 USD per year. You would need to instruct your bank in India to initiate a international wire transfer. The FAQs are here

| improve this answer | |

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.