You need a safe remittance service provider to avoid scam

Whatis the best way to transfer money to India is the question that worries every Indian residing in the US. Different people suggest various options based on their personal experience and liking. Certainly, it is a difficult question to answer.

Online options like E-Transfer or Power Transfer (where there are no more common errors associated with the normal wired transfer) are quite popular nowadays. Though the numbers have dropped, people still use offline modes like Cheques and drafts. Experts say that it is quite difficult to declare one option as the best.

If at all you prefer an offline mode for money transfer toIndia from US, check the correspondent banks first. Which Indian banks are linked to the bank you are using in the US? Remember, if the Indian bank is there in the list of affiliated banks, you can be sure about the smoothness and speed of transaction. However, there are non-Indian banks too that facilitate money remittance to India.

What is the risk associated with online money remittance to India?

Many people do not understand the risks associated with online money transfer. It is a useful tool indeed but equally risky too. If you are sending money to someone who is known and trusted, then there is not much risk involved. However, sending money to unknown people could be risky. It is the reason, agencies and law experts warn people about the risks at every forum.

Since receipt is generated immediately, reversing the transaction could be extremely tough (impossible sometimes).

Tips to avoid scams

• Do not wire money to a person you do not know directly
• Do not get trapped into lucrative offers and advertisements
• Do not believe in mystery shoppers or unknown entities

You must immediately report when there is something fishy

In case you get trapped into a scam while sending money online toIndia, report the case immediately. Do not waste time because every second is precious. Call the money transfer company as soon as possible and launch a complaint. Escalate to higher authorities in case the call center executives are not ready to register the complaint. Ask for total reimbursement and do not compromise on anything less than that. One should always remember that the responsibility lies on the shoulders of the sufferer.

Using a renowned and reliable operator ensures safe and error-free money transfer.

Top worries while remitting money to India

Today, online money transfer to India from USA is a necessity, and not a luxury. As there are millions of Indians in the US earning billions of dollars every year, they want quick and safe means of sending money to their home. Though you have hundreds of options, people have several worries about the safety and reliability of the same. Since it is hard-earned money, nobody can afford to lose even a single penny. Here are the top-most worries that haunt people while transferring money to India from US:

1. Is the money transfer service safe? What is the guarantee that there is no data theft? : If you use a money transfer service that uses 128-bit data security encryption, then there is no need to doubt about it. It ensures that the data transfer between your computer (and another handheld device) and the remittance server remains secure and private. Even if someone is able to look at the data stream, nothing can be interpreted by it. Since the servers are kept behind a firewall, in this case, unauthorized access is impossible. There are audit and security policies to check intrusions and evaluate threat periodically. Hence, it is possible to send money to India online without worries.
2. Is the money transferred using reliable banks? : When you select a service provider that works with only major banks, then there is a guarantee that you are using one of the best ways to transfer money to India. Check whether the remittance company has trusted banking partners like Citibank, HSBC, Interbank, Metrobank, etc. Also, the third-party organizations should also be verified by renowned standardization companies, e.g. VeriSign. It shows that the remittance company has a certificate for data safety.
3. What is the guarantee that my account will not be used in an unauthorized manner? : When a reputed remittance partner is hired to send money online to India, it is guaranteed that it will not be misused. A thorough investigation is carried out before clearing the account. Also, there is 100 percent coverage and reimbursement in case of remote chance of misuse.

When you want to transfer money to India from USA in the best way, the new-age online remittance companies are unbeatable. They protect the interests of their clients and make sure that not a single transaction goes haywire. Since they are regulated by the Federal Government, interests of every customer is secured.