Hello,
I run a small company who is working with a company based in India. In the next couple of weeks, I need to transfer a small amount of money to a bank account in India to pay this company for services. The company will invoice me, and I need to transfer money across to their bank account.
Has anybody any experience in transfers to India. What is the best method of doing this, and what are the likely charges going to be.
Also, is there anything I need to take care of other than having an invoice from them and having the electronic transfer going from my business account to the Indian account? I don't want to fall foul of any money transfer laws, regulations or taxes.
My business account (where the money is going to come from) is Natwest.
My thanks in advance for the advice.