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Indonesian in Hyderabad found no means to transfer money to family.

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

I know a lot of regulations are in place for the reasons you stated above.
This is a shot in the dark possibility but look at these.

https://www.mastercard.us/en-us/consume … -card.html

If the card is is in Indonesia but you paid it via an Indian bank, the funds would be available for use at any time.

Only a possibility so it could well be a dead duck of an idea.

Things have gone upside down even for local Indians in the last 5 months.

I checked on ICIC bank's website. Usually these private banks keep their info quite up to date. I couldn't find any mention of ''white list'' or ''black list'' of countries where funds can (or can't) be transferred.

In fact, if you are working legally (with proper work permit or visa), no Govt. in any country can stop you from sending your lawful earnings back home. In some countries they may put a cap on the maximum outward remittance etc., but they can't entirely stop  you from sending your money back home.

Check this link. ... scroll down to the bottom part (Documentation for Foreign Nationals)
Outward remittance - ICICI

Also, since you said ICICI remittance bounced back (after a few days) and Citi too is going the same way, make sure you are putting the correct SWIFT codes etc. of your beneficiary bank in Jakarta. Sometimes, money is routed through multiple intermediaries located in multiple countries.
Anyway, I don't think that's the case  here. Banks usually confirm the Codes before initiating the transaction.

If your salary slip/s and work visa are in order, you may seek advice from Indonesian Mission in India.

Try to use xoom.com. It may work.

This is strange.. How can govt stop a foreigner sending money outside India..
They need to bring hard earned money back to their country.. I asked few friends and they said that they can transfer money using SWIFT.

There is one more option of applying for FOREX CARD. Load it with money and then go to your country and withdraw from ATM. But you might end up losing good amount of money as exchange rate would be poor  + charge on every cash withdrawal..

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