Recently, I moved from Paris, France to Ahmedabad, India. I have bank account in Credit Agricole in France and SBI, ICICI in India.

I would like to transfer euros from my French bank to Indian bank through electronically. What is the cheapest and safe way to transfer this money to Indian bank ?

I do not have time constraints (i.e., I can wait for 1 month also, if this transfer takes time). My only concern is that it should be cost effective.

closed as off-topic by Mark Mayo, Dirty-flow, hippietrail, Gagravarr, Karlson Dec 29 '13 at 5:07

This question appears to be off-topic. The users who voted to close gave this specific reason:

  • "Questions about immigration or moving for extended periods of time (studies or employment, among others) are off-topic. See the meta post Is it OK to ask questions about migration?." – Mark Mayo, Dirty-flow, hippietrail
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  • 1
    People, when voting to close a question, especially from a new user, it really is polite to tell them why. – hippietrail Dec 29 '13 at 3:11
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    Pankesh, the problem people have with the question is probably that it's not about travelling. It's about banking and finance and a bit about immigrating/emigrating/relocating. The question would better suit our sister site, Personal Finance & Money. – hippietrail Dec 29 '13 at 3:14
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    This question appears to be off-topic because it should be on the Personal Finance & Money stackexchange site instead – Gagravarr Dec 29 '13 at 4:33

The best way I have found to transfer money is to use a FX Money Broker. Once your account is set up with them, you can transfer the money to them and then to your final account.

I would recommend locating a broker in Europe as they will be regulated by EU and country laws. It will be cheaper than using your bank's exchange rate when making a transfer.

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