Send Money to India from Overseas
Remit Money to India, International Money Transfer
Sending money to your parents and relatives today is as easy as shopping online. Many financial and banking organizations are particularly specializing on this type of service. The process is very simple. You can log in from the comfort of your office or home, and complete the transaction with some added security checks. The money is delivered directly to the door of your beneficiary via a locally payable Demand Draft or withdraw using a ATM or it is directly credited into the account in India.
Safe, Easy and speedy way to send money to India!
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Select the country from which you wish to send money to India
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Most of the services allows you to use your debit account or bank account to send money to India. Some of them courier a locally payable Demand Draft for the Indian Rupee amount to the beneficiary, and you receive an e-mail confirmation from them after the funds have been delivered.
No running around for you or your family - right from your desktop to their doorstep!
also some companies allow you to send a free personal message, track the status of your remittance online and get a confirmation of delivery.
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Important consideration
It is important to understand that each financial institution or banking organizations or
the Post Office will set their own daily rate of exchange based upon a market rate. Some
banks have better rates than others, so monitor their published rates before choosing
your service provider.
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Disadvantages of Banking Transfers
The disadvantages of transfering money overseas through the banking system.
- You mail the check (cheque) abroad to the recipient.
- Check clearing can take from 4 - 6 weeks atleast.
- Even though it's easy to issue a check, it may not be easy for the recipient to cash the check.
- The recipient will be charged a fee for check processing.
- Some countries have less streamlined banking systems than others and may not honor foreign drawn checks. Foreign Drafts
- The money comes out of your account when the draft is prepared, not when the recipient gets it. (Money is held in the banking system for a longer time)
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Fast & Easy Money Transfer To India with NRI Accounts
Remittance has never been easier. With the NRI Account(RCA), you actually share your account with your loved ones in India. It's faster* (how about instantaneous?), safer, more reliable.
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Personal Checks
Personal Checks are your usual checks against your checking or saving account with any Overseas Bank. This is by far the most convenient method for the sender, and most inexpensive too. But for the receiver, it is the worst. Personal checks drawn on a Overseas bank are treated as a collection item in India, and they normally take 45-90 days for realization , and would cost a few dollars, depending on how many banks were involved in the collection process. It is better to send them through a reliable mailing service. Compared to checks International Money orders are more convenient, safe and economical alternative.
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There are three major ways to send money transfers from the United States to someone in another country (international money transfers):
Cash Transfers Western Union & MoneyGram
Money Orders U.S. Postal Service & Banks
Banking Transfers Checks, Foreign Drafts & Wire Transfers
ICICI Bank :: NRI:: Money Transfer ICICI Bank, the leading bank in India offering financial services to the NRI community ... FCNR deposits, and the quickest way to send money online to India.
Fees, procedures, and the locations of money transfer agents differ from company to company.
Remit Money to the Following Indian States
Andaman and Nicobar, Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chandigarh, Chhattisgarh, Dadra and Nagar, Daman and Diu, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Lakshadweep, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Pondicherry, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, Uttaranchal, West Bengal.
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India Cities