The Mode Of Money Transfer To India – Cost And Its Comparison

Every year, millions of dollars are recorded as remittance worldwide. With the benefit of technology, there are plenty of ways to send money home. With so many options available, it is very important to make the right option to avoid an extra fee to transfer money. There are some basic factors to be considered while transferring money. This way you can use the optimal method to transfer money to anywhere in the world.

Mode of transfer

The aspects to consider while choosing a money transfer mode are;

Location of the receiver and the sender

Availability of the technology and awareness levels of the same

Affordability and time availability

Taking the above consideration, one can select a medium that suits them well. A simple process of sending cash is through money transfer, its the oldest methods of money transfer. The receiver will get the money by the transferrer or can collect it directly. The next option is bank transfer where money can be transferred easily to the recipient’s bank account. Today, many leading international banks are tied up with money transferrers. The easiest way to transfer money in just a click away is through online. Many websites have the facility to transfer money to their credit/debit or bank account payout. Send money to India without any difficulty by the means of technology

2. Cost of transfer

The cost of transfer totally depends on exchange rates, the commission charges levied, mode of transfer etc. And they will vary depending on other value added services and on the service provider’s network. Simply put, at the end of a transaction, calculating the money the recipient receives which will give an idea of the transaction cost. While getting a particular type of money transfer to India, one should be well informed about the exchange rate and the fees.

3. Comparison

Before transferring money, it is always good to weigh the options available. You can understand the pattern easily by comparing the exchange rates. While one service provider might have state – of – the art technology, another might boast of having a wide network to transfer money to India. Hence, choosing accordingly and understanding your need is very crucial.

Always remember to ask for a receipt for a record of the transaction at the end. This will act as a reference and authenticate for future purposes.

RemitLite: Best Service for US to India Money Transfer

Thanks to technology, the world today has an easy access to every country in the world. Important transactions are carried out on a daily basis across the world. The online world has become more connected. People prefer to carry out transactions like transferring money online.  This is because online transfer of money is quick. In today’s fast paced life, people do not have the time to wait for a long time to receive their money. Money needs to get transferred immediately. But technology also has a flip side to it. While important things get done quickly, there are very less people who are trustworthy in the online business. When you transfer money, you want the money to be transferred safety and immediately. You don’t want your money to be in the hands of someone you don’t trust.

With globalization, people from India have settled across the US. Online money transfer to India has become easier. There is need to transfer money to India on an everyday basis. This can be for various reasons like business, personal or even in an emergency. Due to this, the money transfer service needs to be secure and trustworthy. The money should be transferred safely across the sea is the main priority of a person. There are plenty of options that are available today for the transfer of money online. But among these services there are lot which are not up to the mark. The online transfer services should be easy to process, reliable and extremely secure. The service should keep a track of the money transfer to update the sender on when it is to be deposited into the receiver’s account.

A service giving a good exchange rate is also an added advantage. RemitLite is such a service which fulfils all the above important things. It is a trustworthy and reliable service for transferring money from US to India and vice-versa. Sending money to India from US has become more easy and efficient. RemitLite offers the best exchange rates in the market. The service is quick and completely safe. Visit http://www.remitlite.com.

Points to Remember to Transfer Money Online

Thinking of how to transfer money to India from UK? Confused about how to transfer money from US to India? Online transfer is easy and quick thanks to the advanced technology today. A lot of students and adults have moved across UK and US for various reasons. When you are settled there and want to transfer money to India, online transfer becomes a convenient option. But while you narrow down the company for transferring money online, there are certain things that you must keep in mind. The company should be genuine and trustworthy. Tracking of money and updating you about it should be the priority of the company. The transaction of money should be done in a secured manner with high level of satisfaction of the service.

The transfer funds should be handled with care and the process should be problem free and easy. There should not be long formalities and process involved in the transaction, quick transfer is preferred especially if the transaction needs to be done on an urgent basis.

RemitLite is one of the best services to transfer money to India from UK and US. The service is easy, reliable and hassle free. At RemitLite, safety and convenience of the money transfer is the top priority. We have partnered with leading banks like HDFC Bank, ICICI Bank and Axis Bank etc. to ensure that your money is transferred in a secure manner. Online money transfer to India is easy with RemitLite and UK to India money transfer has become easier than ever! The added advantage with transferring money through RemitLite is that we offer the best exchange prices in the market.
RemitLite enables safe money transfer from UK to India, US to India, India to UK and India to US.

Ensure you research well before opting for an online transfer service. Choose RemitLite and sit back and relax till the transfer takes place efficiently and easily. Visit us at http://www.remitlite.com.