If you are thinking about how to send money to India, it is not as difficult a task as it may seem to you. With the advancement of online technologies, the emergence of different financial services provider and the robust banking channel all over the world, people now have many options at hand to transfer money to India. How before you decide the channel for money transfer to India there are few factors to take into consideration before you select a service.
You must first check for transfer fees, there are some money transfer services that may charge a higher fee for fund remittance while there are others who charge a nominal fee. You should research and find these services who offer you the best in terms of services fee.
If transfer speeds matter to you then you will have to go for money transfer services that transfer the funds in a matter of minutes. Some of the renowned financial service providers have their locations all over the world and they give swift money transfer services where the amount is ready to be collected from the branch in India on the same day.
Another criterion to consider is the transfer limit allowed by the financial institutions. This is important if you are planning to remit a big amount. There are some service providers who impose a cap on the number of transactions and funds to remit to a foreign company. Whereas some financial institutions are not limited to the amount of money one may send. Before you decide a service provider look out for these limits.
Customer services are important for followup or looking for information. Look out for those service providers that are celebrated for their excellent customer services so you get all the information timely and execute your transaction with full confidence.
There are many channels for funds transfer. One may find sending money to India or any place of that matter as a matter of selecting an option. Once you decide the provider than sending money itself is a simple process. Banks are a secure option to send the fund as the fund travels from one account to another account in India. Banks fee are less as compare to others and they offer a better exchange rate, however, a bank transfer may take 1-2 days. Other money transfer services are having their offices all over the world including India and they remit the amount to the branch offices in all cities of India in a matter of minutes. The service fees for the transfer are higher than banks.
You should select the option that best suits your need when you want to transfer funds to India.
