There are a number of factors which a person may consider when sending money overseas. Some of these factors include the speed of delivery, convenience, pricing and exchange rates. Wire transfers and online remittance transfer are two popular ways of Money remittance to India
There are a number of remittance services and providers that are available to facilitate and make these transactions faster, easier and extremely convenient for these NRI’s. The charges of these companies can be divided into service charges as well as exchange rates. These accounts can be opened either in savings accounts or as current accounts. Both of these accounts are held in Indian Rupees.
It is easy to open such accounts with online provisions to open such accounts online as well. Many of the remittance services offer safe, pass-word protected and secure means by which people can transfer funds from the US to India. Another growing popular method includes online money transfer services. Here you can transfer money from any bank account that is overseas to any bank account in India. Most of the remittance services offer services I a wide variety of countries such as Europe, UK, USA, East Asia, UAE, Australia and New Zealand. People transferring money through this method are required to register online(on the website) before any transfer is initiated. These services are extremely convenient and customers can transfer funds from the comfort and convenience of one’s home.
These services for NRI’s living abroad have made the entire process of transferring money far more convenient, easier and a real blessing in disguise. NRI’s can make speedy money transfers to India and provide all the economic support your parents or relatives may require within no time.