No matter the reason, there are times that we have to send money instantly to our loved ones.
Many financial and banking organizations are particularly specializing on this type of service through app’s or websites, and you get Locked-in exchange rates.
Some companies will beat any competitor’s exchange rate for a transaction, and some offer exclusive exchange rates and a $0 transfer fee on all money transfers.
Always check out the introductory offer for online money transfers. 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.
Everyone has the same questions :
- How to get the best currency exchange rates in Indian Rupees ?
- How to choose the best money transfer service for India ?
Markups are used by most remittance companies to make money in addition to the standard fees charged.
What are the Indian money transfer options you have ??
The rise of mobile banking and smartphones allows you to transfer money worldwide.
But with great power comes great responsibility, and it’s essential to make sure you’re not breaking any laws or falling foul of any government agencies when you send money overseas.
You have multiple payment options when you transfer money to India with your debit/credit card or directly from your bank account, via Apple Pay, or with cash at an agent location.
Other than depositing in bank accounts, some courier a locally payable demand draft in the Indian Rupee amount to the beneficiary, or you can pick up cash at agent locations, and you get alerted when funds have been delivered.
It is essential to understand that each financial institution, banking organization, or Post Office will set its daily exchange rate based on a market rate.
Best Exchange Rates
Some banks or money transfer companies have better rates than others, so monitor their published rates before choosing the best money transfer provider. Most companies let you check Indian rupee exchange rates in an instant.
Banks and other fund transfer companies offering low fees or no commissions often hide their actual costs with poor exchange rates. They might even advertise “no fees”, but instead adjust their exchange rate to make up the difference.
Transferring Money : Get Safe Online
Every year millions of dollars are lost to money transfer scams. Con artists try to take advantage of victims by convincing them to wire money to a stranger.
Money transfer scams take on many shapes and forms. Worse, fraudsters are continuously learning new tricks and techniques to keep one step ahead of them. Knowing when a specific situation is a scam can be very difficult. That’s why it’s very important to stay one step ahead of tricky scammers.
Whatever the pitch, most companies aim to get your money; money transfer services come with many hidden fees, dubious exchange rate, and more.
The faster you need it there, the more you will pay.
Many banks and money transfer companies offer you little or no pricing detail. Banks and other fund transfer companies offering low fees or no commissions often hide their actual costs with poor exchange rates.
ICICI, Western Union, MoneyGram, Remit2India (Times Of Money), Zoom, WorldRemit, Remitly, TransFast, InstaRemand more.
Cheap ways to send money overseas
When you need to transfer funds internationally to a friend or family member, look for one of the many ways to send money for free.
International Money Transfer Options
You can send an international money transfer in person, by phone, via website, or mobile.
Everyone thinks that the convenience of your local bank is your best option. While local banks offer secure wire transfers around the world, their services don’t come cheap. Big Banks generally offer weaker exchange rates, higher fees, and fewer options to send and receive cash when compared with a money transfer service.
If you are a Non-Resident Indian [ NRI ] staying overseas and wish to send money to India, there are many options available today. Whether you wish to send money to your family in India or to buy a property, you can find easy and affordable solutions. That’s not all; you can expect great exchange rates on every transaction of yours. You can also choose from multiple sending options that include Online transfers, wire transfers or guaranteed rate transfers offered by a few online money transfer companies.
Payment methods vary by company but could include :
- credit or debit card
- bank account
- mobile wallet
Money Transfer companies can deliver money to a foreign bank account or cash pickup location in India.
In some countries, you also can have money added to a mobile phone balance.
Best Exchange Rates
Some money remittance companies use midmarket rates, the same cheap rates that big banks use to exchange money among themselves.
No running around for you or your family, right from your computer or smartphone to their doorstep! also, most companies allow you to send a free personal message, track the status of your remittance online and get alerts of confirmation of delivery.
Top Indian Banks
HDFC Bank, SBI State Bank Of India, Axis Bank, Citibank, Federal bank, Allahabad Bank, Andhra Bank, Bank of Baroda, Canara Bank, Bank of Maharashtra, Central Bank of India, Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, Catholic Syrian bank, UCO Bank, Union Bank of India, Vijaya Bank, Bharat Cooperative Bank, Saraswat Bank.
great rates, fast speed, and secure transfers
Transfer Money to India, Sri Lanka, Pakistan, Bangladesh, Nepal, Philippines & Mexico
Send money to India fast, at excellent exchange rates.
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