Savetaxs thinks this shouldn't be so hard. Since 2020, the Jaipur company has helped NRIs move over ₹30 crore to overseas accounts through more than 1,000 transactions. Their secret? Actually knowing the rules and doing the paperwork right the first time.
"We had one client who spent three months trying to transfer proceeds from selling his Mumbai apartment," says Shubham Jain, who started Savetaxs with his co-founder Ankit Mangal. "The bank kept asking for different documents. When he came to us, we sorted it out in ten days."
Getting the Paperwork Right Matters
The main problem most NRIs face is documentation. India's foreign exchange rules are strict, and banks often reject transfers if even small details are wrong. Savetaxs handles the tricky parts upfront.
They calculate taxes before moving any money. Then they fill out Forms 15CA and 15CB – the government paperwork that proves everything is legal. A chartered accountant certifies the forms, which banks need before they'll process transfers.
"Most people try to do this themselves and mess up somewhere," Ankit explains. "Banks see one mistake and send everything back. We make sure it's clean from the start."
The company keeps detailed records of every step. This helps if tax officials ask questions later, which sometimes happens with large transfers.
Most Transfers Take About Two Weeks
Savetaxs typically gets money moved in 7 to 15 working days. This includes time for checking documents, preparing forms, and waiting for banks to process everything.
The timeline depends on how complicated your situation is. Simple cases like transferring rental income move faster than complex ones like business sale proceeds. Bank processing speeds also vary.
"We can't control how fast banks work, but we can make sure they have everything they need right away," says Ankit. "That usually speeds things up."
Online Process Saves Trips to India
Everything happens online, so NRIs don't need to fly back to India just to move their money. Clients get updates through email and can track progress without making phone calls.
The service works for different types of money transfers. Property sales, investment returns, business income – each has different rules, but the basic process stays the same.
Savetaxs now serves NRIs in over 30 countries. Many heard about them from friends who got frustrated with traditional methods.
For NRIs who want to move money without the usual stress, having someone who actually understands the rules makes a big difference.
About Savetaxs: Founded in 2020, Savetaxs is a Jaipur-based tax and financial services company serving NRIs, OCIs, and foreign nationals with Indian income. The firm has processed over 2.5 lakh applications across 30+ countries, specializing in tax filing, DTAA benefits, repatriation services, and NRI banking solutions.
