How To Remit Money To India

By Author: Vijay K Shetty
Total Articles: 2542
Comment this article

There are a variety of ways by which you can transfer money to India. However, at a time, when you need to transfer money to your family or to any friend urgently, you would certainly look for the easiest and the quickest way to do so.

The first most common method known to all is to use the special money transfer methods of your bank. Though these methods may not be available to you free of cost, even if you are an account holder with the bank, yet, they are a cheap option and helps in very quick transfer of money as well.

For those of you who need to make money transfers at regular intervals, like every week or month, the best cost-effective method is to open an account. You must open an account in such a bank, which is accessible by both the sender and the receiver of the money. That is, the bank should have branches both in your country as well as in the country of the person whom you wish to send the money. Truly speaking, this method does not require you to send it. You can simply deposit the money in such a bank, and the person whom you wish to send to; can collect it from his suitable location.

Another ...
... method which you can opt for is using a prepaid debit card. It could be easily done by just selecting the company and sending the card to your family. You can either add the money over the phone or do it online by calling them with the PIN. This requires you to pay only a minimal amount, but you need to ensure that the people to whom you send the money have access to ATMs and credit and debit card stores.

Online transfer is, however the best way to transfer money to India. For this, you certainty need to have an active bank account. For those who do not want to deal with banks, global services of money transfer are also available through MoneyGram, Paypal, Xoom, Western Union money transfer etc. the latter methods are however, a bit more costly than that of a bank.

Before you go in for money transfer, you should however, remember certain facts. You should remember the currency valuation, as compared to the principal currency of India that is Rupee. Thorough knowledge about the methods of transfer and the banks, with regard to money transfer to India, is an added advantage. There are often complaints of fraudulent activities related to money transfers, therefore, every particular detail should be looked into and transfer should be carefully done for your personal safety.

Vijay K Shetty, Platinum Level Author.
Get more information on Transferring Money to India, Bank NRI Account