Can I transfer funds via third-party transfers/Transferwise/Western Union?
You cannot transfer via Transferwise or other similar platforms.
For Indian residents: As per the RBI's Liberalized Remittance Scheme guidelines, you need to transfer only via banks under the purpose code of S0001 (Indian portfolio investment abroad in equity shares).
For non-Indian residents: We recommend that you initiate wires from your bank account since our broker partner requires the name of the sender to be included in the received transfer.
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What are the charges associated with the funds transfer via RSU/ESOP/ESPP account?
Normally, the sender broker imposes a one-time wire transfer fee when you transfer the funds. This fee typically ranges from $25 to $65 per wire depending on the broker where you hold your RSU/ESOP/ESSPs.