Many expatriate Indians living overseas face the situation of transferring money to their motherland at least once or many times. There could be many motives or intentions for any Indian to send money to India. It may be due to numerous reasons such as for a wedding, supporting the bedridden parents, education or simply transfer of money as savings.
There are lots of money transfer institutions or services available to Indian remitter to transfer money not only to India but also across the globe. First thing come to anyone's mind is the wire transfer or Western Union when he needs to send money to India; however, it is different today as many other methods of transferring money to India are available at his disposal.
Besides above, before deciding the most suitable money transfer service, anyone should understand how such company operates and related procedures involved in any money movement process. In essence, it's your valuable savings and knowing better about money transfer processes' pros and cons, you can certainly save hard earn money and a little understanding on this topic can surely make you save substantial money or the best deal and unnecessary delays.
There are traditional as well as new popularly used money transfer methods today:
As discussed, one should be aware of the following when choosing any money transfer service:
United States USA |
United Kingdom UK |
New Zealand |
Hong Kong |
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 | Telangana | Tripura | Uttarakhand | Uttar Pradesh | Uttaranchal | West Bengal