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Telegraphic Transfer from UK
At a Glance
The United Kingdom provides ample opportunities for career and financial growth. It is home to a vast population of Indian immigrants. As an NRI in the UK, you may require secure and speedy money transfer services to send money to India. You can rely on DBS’ fund transfer services, including Telegraphic Money Transfers from UK to India.
Telegraphic Funds Transfer from UK with DBS
The United Kingdom, with its world-best higher education institutions and commercial enterprises, provides avenues for career advancement and a shot at a better life. These characteristics make the UK an attractive immigration destination for immigrants worldwide. As an NRI in the UK, you can send money to India via DBS Treasures’ Telegraph Fund Transfer facility.
A Telegraphic Transfer is an electronic funds transfer method that simplifies the process of sending money from overseas. Telegraphic Transfer transactions are conducted through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging network. Most banks and financial institutions rely on this network and use corresponding SWIFT Codes while sending and receiving money internationally. At DBS, we have seamlessly integrated this technology to initiate Telegraphic Transfers from UK securely.
Features and Benefits
Enjoy the following benefits with the Telegraphic Transfer from UK to India offered by DBS:
- Get attractive foreign exchange rates on international fund transfers.
- Transfer funds to India through trusted and reliable sources, including renowned global banks serving as intermediaries in the DBS network.
- DBS completes quick transfer of funds with 24-48 hours in specific geographies and 1-4 working days in others.
- Transfer funds in 19 global currencies, including Great Britain Pound Sterling.
Telegraphic Fund Transfer from UK – The Steps
Follow these steps given below to conduct a Foreign Telegraphic Transfer from UK to India:
- Log in to your DBS Treasures internet banking account to initiate Telegraphic Fund transfers online or visit your nearest bank branch.
- Review the currency conversion rates, transfer fees, applicable taxes, and other charges.
- Fill the online fund transfer form with the necessary details.
The bank processes your fund transfer request and deducts funds from the sender’s account (correspondent bank). The bank then credits the funds into the beneficiary account within 1-4 days.
Frequently Asked Questions
You need to provide the following details while initiating a Telegraphic Money Transfer:
- Your name, address, and bank account number.
- The currency in which you will make the payment.
- Beneficiary details like:
- Name of the beneficiary,
- Bank name and address (with branch name),
- Bank account number,
- SWIFT Code of the beneficiary’s bank.
- Details of intermediary banks, if required.
- Purpose of transferring money.
Yes, while conducting a Telegraphic Money Transfer from UK to India, you must mention the purpose for initiating such a transfer.
Society for Worldwide Interbank Financial Telecommunication or SWIFT Code is an 8–11-digit combination of letters and numbers issued to banks and financial institutions. Essentially it acts as an identification number and helps determine a bank or financial institution’s address.
