Dear expat,
I am Jakartans, have been working in Hyderabad for more than 2 months. I have found that Indian's government put very strong regulations to rule money transferring out from India.
I have found that no financial institutions (aside of bank) can send money out from India. I have tried 2 big and experienced institutions which were Western Union (only receive money, cannot send out) and PayPal as well (to my surprise we can NOT even send money to US through PayPal).
While bank, have white list (I think it comes from government) of countries to which only, we can send money out from India. And Indonesia seems not one of those on the list. According to a Branch Manager of ICICI Bank, Medchal branch, Hyderabad, Telanggana: "Indonesia is not on the list of the countries, to which India can send money to."
But any how, we've tried to send from ICICI branch in Secunderabad, it has cost me INR 2,000 and since it can not go through, I've been charged for another INR 2,000 to "take back the money". So total cost for not transferring the money was INR 4,000.
Just last Friday (Sep 1st 2017), I've tried to send it again, this time we used Citibank in Hyderabad, it cost me between INR 2,000 to 3,000. But until now I haven't got any good news from Jakarta, so it seems the money will end up here, in Hyderabad again.
I have tried (3 x) internet banking Money2World, with different beneficiary banks in Jakarta, same it couldn't go through.
Now, my last resource is sending the money to europe or Australia or Singapore first, before sending it to Jakarta - Indonesia.
Hufh..... desperately asking to you guys.,.... if any of you have any clue or experience (for the last 5 months) how to transfer money to Indonesia, before I implement the last resource ?
Why 'the last 5 months' ? because Indians finance regulation has changed recently (that's what I am told), to cope with money laundry attempts, terrorists and other issues. So the regulations now (I think) really block the money transferring out to Indonesia.
Please welcome any comment or advice. And many thanks for even reading this.
Regards,
Estilo