Are there limits on how much I can transfer?
Yes, each service has its own limits on the transfer amount.
You can find information about the limits on the service's website or app.
Can I send money from India to Somalia on weekends or holidays?
Yes, you can initiate a transfer from India to Somalia anytime, including weekends and public holidays. However, depending on the service, delivery to Somalia may be delayed until the next business day, especially for bank transfers.
Are there limits on how much I can send from India to Somalia?
Yes, most providers have limits on international transfers from India to Somalia. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from India to Somalia may require identity verification or proof of source of funds.
How to calculate taxes on foreign payments?
If for some reason the bank's rate on that day was higher than the Central Bank's rate (the rarest
case), the "service" received is also taxed. It is easier to follow this point than to deal with
additional calculations.
