subject: Transferring Money To India Is Now Easier Than Ever Before [print this page] A Plethora Of Options To Transfers Money To India
There are several ways to remit money to India from all over the world.
1. You can do a quick electronic wire transfer from a bank and have your beneficiary receive it in almost no time.
2. You can send a demand draft or cheque from wherever you are to your Indian bank. All thats required to be sent along with the cheque is a letter with instructions stating details like your account number, the beneficiarys account number, etc.
Though there are also other ways to transfer money to India, like Quick Remit or Direct Transfers, these facilities are only available in select countries. Speaking to your bank ensures you know whether or not you can access such a service, and which one is the most apt one for your situation.
Be Aware While Sending Money To India
If you do a money transfer to India online, there are a few things you have to be absolutely sure of.
1. Make sure you use a private computer to make the transfer, otherwise you risk your account getting hacked by other users. This can result in somebody else having access to your money and spending it on themselves, or in other words stealing.
2. Always keep a copy of the transaction ID, or receipt, so if the beneficiary doesnt receive the amount, you have proof that youd sent it. Every bank and financial institution will require it to confirm your action.
3. Also, if it is the first time youre using that facility of the bank, send only a small amount to confirm its efficiency first. Only when confirmed should you go ahead with a larger amount.
Make The Right Choice When You Remit To India
A variety in banks and financial establishments translates into a variety of methods and mediums. You can take your pick based on
1. the reliability of the bank,
2. the fee they charge,
3. the exchange rates and
4. the time required for the transferred amount to reflect in the beneficiarys account.
Make an educated decision based on all these factors speak to the banks youve shortlisted about any questions or doubts and make sure theyre clarified. After considering all this, you should easily be able to make a choice on how to transfer money to India.
With a multitude of options and a large number of online and offline selections, people living abroad can transfer funds without any qualms. Easier, faster, safer methods means the receiver also benefits from the facilities and services you are availing. Yes, sending money to India is now definitely a hassle-free activity.
