SEND MONEY ABROAD WITH

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You can send money to New Zealand from India for the following 8 reasons:

1: Studies abroad

2: Business Trip

3: Medical Treatment Abroad

4: Maintenance of close relatives abroad

5: Emigration

6: Going Abroad on Employment

7: Gift or Donation

8: Private Visits abroad

You need following documents to Send New Zealand Dollars:

- Original and valid passport

- Valid visa for the country of travel (except where VISA on arrival applies)

- Confirmed ticket-showing travel within 60 days of taking foreign exchange

- PAN (Form 60/61 in case PAN missing)

- Apart from this KYC of sponsoring company would be required as per RBI guidelines

- Beneficiary Bank Name, Swift Code, Routing number & Correspondent Account No.

- Beneficiary Name, Address (as given in bank)

- Remitter Name, Account Number and Purpose of Transaction with KYC.

- Filled A2 Form cum declaration with signature

According to RBI’s LRS policy, Indians can send up to $2,50,000 or its equivalent per year per person abroad to New Zealand.

Yes, it works exactly like a normal Indian demand draft. This is one of the ways how you can do a money transfer from India to New Zealand. The only difference is the foreign currency demand draft carries that particular foreign country’s currency.

If you are looking to transfer money to New Zealand, we’d advise you to go with wire transfers.