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Remit Funds to India from Overseas
We have all experienced times when our loved ones needed more money than they have, which is exactly when money transfers can be a saving grace. Money transfer agencies
enables you to transfer funds to your beneficiaries through the most efficient channels, on-line, or at a money transfer branch. With thousands of locations in hundreds of cities in India, you're sure to find one close to you. The Money Transfer 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 it is directly credited into the account in 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.
No running around for you or your family - right from your desktop to their doorstep!
also 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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Perils of Money Transfer.
- No Refunds: Some of these companies will not give a refund in case of error , claiming inability to reconvert from rupees.
- Exchange rate : Not all services provide the Best Exchange Rate. A Rs1. difference in exchange rate would result in a Rs1000 (US$20) difference for a Transfer of US$1000 ! (ie Rs45,000 instead of Rs46,000).
- Transaction limit : There may be limits on maximum amount that can be transferred . the limits could be per transaction per day, per week etc. so this service are not suitable for transfer amount more than $10,000.
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May 17, 2008, 9:21 am
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Money Transfer from
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Most of the Money Business Service (MSB) companies provide
Online Tracking which is available for you to follow the progress of your remittance. This gives you the confidence that 24 hours a day, 7 days a week you can know exactly where your money is. In addition, some providers allow you to even track the delivery status of your check and know who signed for it.
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