Question: How To Send Money From India To Nigeria?

What is the safest way to send money to Nigeria?

If you plan to transfer the money from the US to Nigeria, the best option is to do it online. Many online money transfer operators offer low fees and excellent exchange rates. All the options you can quickly compare on Monito to find an easy and inexpensive way to send money to Nigeria.

How can I receive money from India?

Different Modes of Receiving Money in India

  1. Direct Deposit in the Bank Account. The most convenient way for a person to receive money is direct deposit to the recipient’s bank account.
  2. Cash. The money can also be received in cash by the recipient.
  3. Bank Check/Demand Draft.
  4. Money Order.

Can I transfer money to Nigeria?

You can send money to Nigeria using our cash pickup, instant bank transfer or airtime topup services.

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How can I transfer money from India to Nigeria through Paytm?

Once you’ve logged into Paytm, register an account and add money to your wallet. When your account has been verified, you can receive and send money to anyone in the countries included in Paytm’s services. To send money, tap Passbook, then Send Money to Bank.

How much is $50 dollars in Nigeria?

For fifty dollars you get today 20,600 naira 00 kobo. USD to NGN Table.

USD NGN
$50 = ₦20,600
$100 = ₦41,200
$500 = ₦206,000
$1,000 = ₦412,000

How much is Western Union limit in Nigeria?

Requirements to Send money A maximum send limit of 1,000USD Naira equivalent per customer per quarter, as stipulated by the Central Bank of Nigeria.

Is Western Union banned in India?

Western Union in India. Firstly, individuals cannot send money from India to any individual in any other country. Money can only be received in India from any other country. Secondly, the Indian Government regulations prohibit businesses from utilizing the money transfer services provided by Western Union.

How much money can I transfer from India?

How Much Money can One Send from India to USA? Under the Liberalised Remittance Scheme (LRS), all resident individuals, including minors, are allowed to freely remit up to USD 250,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.

What app can i use to receive money from India?

These are some of the mobile apps that you may choose to transfer money to India. Xoom, Moneygram, Western Union Money Transfer, Transfast, and Transferwise are some of the sought after money transfer services based on their quality of customer service, faster delivery of money transfer and lower transfer fee.

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How much does it cost to send money to Nigeria?

To send money in USD to Nigeria, you pay a small, flat fee of 6.51 USD + 0.59% of the amount that’s converted (you’ll always see the total cost upfront). How much does it cost to transfer money to Nigeria?

Wise Fees
% fee for transfers up to 1,411,200 USD 0.43%
% fee for amounts over 1,411,200 USD 0.42%

How do I transfer money to a Nigerian bank account?

You can send money to a Nigerian bank account in three simple steps.

  1. Select the type of service you want. You can choose a money transfer to the recipient’s bank account, or an airtime top up.
  2. Tell us where you want the money to go.
  3. Tell us whether you want to pay with your debit card or ACH, and provide the details.

Can I use WorldRemit in Nigeria?

Yes, you can still send money to Nigeria using WorldRemit. The latest directive from the Central Bank of Nigeria has led to some changes to the services we offer.

How can I transfer money from India to Nigeria online?

How to send money to Nigeria in 3 easy steps

  1. Start your transfer. Pay in INR with your debit card or credit card, or send the money from your online banking.
  2. Get the best rate out there. Wise always gives you the real and fair mid-market exchange rate.
  3. Money is locally delivered.

Can a Nigerian use Paytm?

Yes, for now, their services only serve for Indians or if you are a Nigeria living in I n dian then you can also use the Paytm Mobile service. – Use other alternative apps that support your task you want and that allows Nigeria.

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How can I send money from India to Nigeria through MoneyGram?

Method 2: Send money through MoneyGram

  1. Find an agent office in India closest to you and visit it.
  2. Take the money along with your documents.
  3. You’ll have to complete a ‘ send money ‘ form.
  4. You will know a tracking number (special code) which you have to provide to money recipient.

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