There was a time when people would post money to each other within the country. Now times have changed. People not only travel outside their village and towns to different cities but also cross borders and fly to distant countries. Those who work abroad should not worry about how to send money to India from across the seas, across the borders.
One can easily choose to transfer money via online or offline methods, and rest assured that the money will be received by their family living in India-
When considering how to send money to India some online options are:
• E-transfer– This form of disbursement is extremely convenient. In case of E-transfer money is directly sent and received from one bank account to another.
• Power transfers- It is a web-based wire transfer of money. It gets rid of all the errors that is associated with the normal wire transfer.
• Online foreign exchange service- This allows an individual to be able to remit money in different currencies.
• Paypal- Is a more recent transfer option that has come up. Paypal is another great and viable option which is extremely user friendly. Through Paypal, an individual can transfer money easily and quickly via his mobile.
Online wire options are better if an individual is in a hurry to remit money. One can also opt for National Electronic Funds Transfer (NEFT) system or EFT system and money can be received in India by a week. Although it takes more time, it comes at a lower cost.
When considering how to send money to India some offline options are:
• Cheques- Through this method of transfer, an individual will have to first order a foreign currency draft via which funds can be transferred to India.
• Bank drafts- Using this option is also very pragmatic as remote employees who work from India, can quickly cash the cheques.
• Hubstaff- It is another service that allows payment to outsourced employees in India.
• Wire transfer- This form of transfer is the oldest traditional method of money transfer, where one has to go to the bank or an agency in order to send money.
• Money orders- When it comes to transferring a small amount of money, a money order is the most feasible choice. Moreover money orders are less expensive compared to bank drafts.
While money transfer to India was difficult in the olden day, today it is as easy as making and online purchase. A number of different reliable and fast transfer modes have been developed for the convenience of Indians living over-seas.
One can easily choose to transfer money via online or offline methods, and rest assured that the money will be received by their family living in India-
When considering how to send money to India some online options are:
• E-transfer– This form of disbursement is extremely convenient. In case of E-transfer money is directly sent and received from one bank account to another.
• Power transfers- It is a web-based wire transfer of money. It gets rid of all the errors that is associated with the normal wire transfer.
• Online foreign exchange service- This allows an individual to be able to remit money in different currencies.
• Paypal- Is a more recent transfer option that has come up. Paypal is another great and viable option which is extremely user friendly. Through Paypal, an individual can transfer money easily and quickly via his mobile.
Online wire options are better if an individual is in a hurry to remit money. One can also opt for National Electronic Funds Transfer (NEFT) system or EFT system and money can be received in India by a week. Although it takes more time, it comes at a lower cost.
When considering how to send money to India some offline options are:
• Cheques- Through this method of transfer, an individual will have to first order a foreign currency draft via which funds can be transferred to India.
• Bank drafts- Using this option is also very pragmatic as remote employees who work from India, can quickly cash the cheques.
• Hubstaff- It is another service that allows payment to outsourced employees in India.
• Wire transfer- This form of transfer is the oldest traditional method of money transfer, where one has to go to the bank or an agency in order to send money.
• Money orders- When it comes to transferring a small amount of money, a money order is the most feasible choice. Moreover money orders are less expensive compared to bank drafts.
While money transfer to India was difficult in the olden day, today it is as easy as making and online purchase. A number of different reliable and fast transfer modes have been developed for the convenience of Indians living over-seas.
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