If you need to send money from India to Indonesia, you can do so easily and safely through DNBC’s service. In this guide, we will tell you about the best ways to send money to Indonesia from India.
For many people, dealing with sending money to Indonesia for the first time is a nightmare. When you request a meeting with your banker, he may bombard you with questions. In this article, DNBC Financial Group’s experts will delve into this subject to help you find out the answer.
Best Way To Send Money To Indonesia from India
Best ways to send money to Indonesia from India
International Wire Transfers
The Payment Act grants fully 115 commercial banks in Indonesia to engage in the payment system. There are 1,620 rural banks; however, they are limited in the kind of transactions they can carry out. You can deposit money directly into the recipient’s account as long as they have a bank account with an international transfer capability.
Online Transfer Services
You can make your transfer using the website or the provider’s mobile transfer app and track its progress to the receiver.
There are a variety of financial institutions that you can use to send money to Indonesia such as banks, authorized financial groups like DNBC. At DNBC, we help you to save not only transaction costs but also your time.
With SWIFT services for international transfer, it takes only 2 – 5 business days. And if you transfer within the DNBC network, the receiver may receive it instantly.
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In-store Transfer Services
Some banks allow you to deposit money at an agent and transfer it to your receiver. You can send money online or let agents handle it for you.
What do you need to send money to Indonesia from India?
Depending on providers, the information required may be different. However, a typical list of what is required is shown below.
- Identity document issued by the government (Passport, Social Security Card, Driving License, etc.)
- The name of the recipient as it appears on their legalized documents
- The recipient’s the address and phone number
- The recipient’s bank information if you are sending money directly to a bank account
- The amount of money and the transfer payment way you want to choose
One of the countries conducting the largest amount of remittances to Indonesia is India. So there are quite many people concerned about how to transfer money to Indonesia from India. Let’s find out more below:
How to send money to Indonesia from India?
US dollars are used for global money transfer from India to Indonesia. The money will be converted to equivalent Indonesian Rupiah by the receiving bank. The procedure could take a few days to complete. The steps are listed below.
Step 1: Approach any of the official local banks to send money to Indonesia.
Step 2: Before making your transaction, check exchange rate.
Step 3: As directed by the money changer, you can now give the necessary KYC for verification. After confirmation, you can use NEFT/RTGS to transfer money to Indonesia from India.
Step 4: Once the payment has been credited, money transfers will begin.
With DNBC’s online platform, everything will be easier thanks to a friendly interface. Moreover, our employees are always ready to support you 24/7 – so that you can relax when sending money to Indonesia with us.
See more detail about our international payment service here
If you feel a bit tired when doing a lot of research to send money to Indonesia, you can relax with DNBC since we take care of all the tedious work and provide you with the greatest service.
DNBC Financial Group is a financial organization that offers corporate and individual customers a smart digital payment system, a practical payment platform, and an easily accessible online money transfer/receipt service.
DNBC Financial Group’s mission is to make daily business operations easier, smooth international financial transfers, and guarantee that customers always reach their payment targets.