While living abroad, you are always concerned regarding the well-being of your loved ones. During times of peril, your family might fall into a deep soup. Moreover, your physical absence is just enough to provide them with the jitters of insecurity. On such crucial occasions, financial resources could provide them with adequate support. Therefore, while residing overseas, you must look for the best possible means for availing the finances to your family and loved ones. Now, matters concerning money are quite serious and require utmost diligence and transparency in handling. Associating with the leading money transfer services can just be the right thing to do, in this regard.
Competitive rates of exchange
With overwhelming professional commitment on cards, you might fail to find the right opportunities or time for money transfers. An online money transfer to India from US will save you the time and effort. Moreover, you can execute the entire process in the comfort and convenience of your home or office. But, prior to opting for the transfer of finances, you must opt for the services with utmost security. Also to this, there is a need for swift and hassle-free money transfer. Choosing the most reliable services can allow you to perform the entire functions with the best rate of exchange.
Proper receipt of funds
Considering the significance of money in every individual’s life, you must ensure safe transfer of your finances to your loved ones. Therefore, safety happens to be a prime requisite here. The leading online services let you transfer money to India from USA easily. There are wired transfers and Automated Clearing House or ACH finance transfer services available. As a result, there are zero possibilities of fraudulency or discrepancies and the money will reach beneficiaries in their respective bank accounts. Additionally, the SSL data encryption ascertains the optimum safety of your financial statements and transaction details. And the transfer is instantly executable within few minutes.
Need for trustworthiness
Nailing down your choice of the best online money transfer service is an important decision. While transferring money to India from US, you must take care of quite a few aspects. The service you choose must be customer-friendly. Additionally, there must be proper notifications at regular intervals. Reliable and pioneering online services offer regular updates via text messages. You will also find effective transfer tracking system for each money transfer you make. Ensure timely payment of utility bills for your family, even when you are physically absent. Hassle-free finance remittance makes them the Numero Uno of the market.
Money transfer takes a lot of time if you use the traditional methods of cheques. It could take 30 days or more to get the money deposited in India. Normal wire transfer is error prone. The common modes of transferring money to India from US include bank drafts and cheques. You need to choose the best and safe mode to transfer your money to India. Selecting the trusted online money transfer services is also important.
When you transfer money to India from USA, the best way is through power transfer and e-transfer modes. It is the fastest and easiest way to deposit the money safely into the state-run banks like State Bank of India and private banks like ICICI Bank, HDFC Bank and Axis Bank. You need to select the trusted foreign banks carefully to send money online. It is necessary to read the reviews and ask the friends and colleagues before entrusting the money transfer to a particular bank from US.
How to make online money transfer
RBI has set some guidelines and rules for Online Money Transfer to India from USA. In some instances, the online money transfer is restricted for personal remittance. If you are looking to send money to your loved ones bank account for investment, buying a property, paying tax, or other needs, selects the best transfer services at the current exchange rate and for lower transaction fee.
If your loved one is in urgent need for funds to pay tuition fees, the best option to send the money to India is through NEFT. It is the safe online money transfer and usually takes 24 hours to 96 hours. You can approach the connecting bank for direct transfer to the bank account in India.
ACH Transfer Mode and PayPal
You can also opt for ACH transfer to India. It takes up to 4 working days to get the funds credited to the bank account. It will not charge any extra fee to send money to your relatives in India.
You can also send money using PayPal mode. The sender need not pay for online money transfer here. However, PayPal charges the recipient at 3.9% for each transaction.
Fee for Online Funds Transfer
If you want to send $1000 to India from the U.S., the bank collects $1005 that includes a fee of $5. An amount of INR 63,000 gets deposited into your loved one’s bank account in India. You can transfer the minimum amount of $1000 to India. The exchange rates are updated between seven and 9 AM every day morning on SBI California website. If you transfer money after this time, you will take the day exchange rate.
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.
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.
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.
Do you have difficulty to send money online to your loved ones in India? There are certain issues we face while we have taken up the task of money transfer overseas. First problem we face is the time span taken to get the money transfer done. What is the use of the money transfer if it is delayed and the purpose of the transfer doesnt get fulfiled. Time is a very important factor in any aspect of life. It is crucial to check that your money transfer is done on time. Secondly, we come accross issues like lack of security of money transfer. When you want to transfer a huge amount of money to India, you will have a fear of losing your money till the time it has reached its destination. Why spend sleepless nights because of the fear of money transfer insecurity.
Your money is of a lot of value to you and so is your time! Also there is another difficulty that you come across i.e. is the deciding factor of how to transfer money to India. There are numerous ways to transfer money from US to India. Many online portals offer quick transfer services. But do they offer genuine exchange rates for the transfer? It is difficult to judge that.
RemitLite, the most renowned online money transfer portal offers the best exchange rates and provides services that are reliable and satisfactory. RemitLite is well known for its secured money transfer. As compared to all other online portals RemitLite provides the best exchange rates and also values your time. They make sure that your transfer is done on time and it is a hassle free process for you. So why have difficulties in Money transfer when we have service providers like RemitLite to lighten our burden. There are many ways to transfer money to India, best among them being RemitLite it is the most recommended. Make a quick online transfer with safety and security with RemitLite in a matter of few clicks!
Are you looking for any money transfer facilities to India? Now-a-days, it is done very easily with the help of various online money transfer portals. This has become possible due to the ever increasing growing technology and economic development. With new technology, especially internet facilities, online money transfer has become quick and hassle free. India is considered among the leading recipients of online funds among all other nations. According to the estimate taken by the World Bank in 2011, India has even exceeded online funds received by China and Mexico. This showcases that the growth of the country has increased in the past few years and will be increasing by approximately 9% in the coming years.
One of the best and the safest ways to transfer money to India or any other country is through online money transfer services. Strict Protocols need to be followed for the purpose of security and international money transfer safety. One can transfer money without worrying, just with a few clicks. Indian economy has been growing due to money remittance in the past few years and is expected to increase in the coming years. Money transfer has become so easy that one can be stress free and transfer his/her money to India without worrying by following a few simple steps. All you need to do is give your personal details, account number and add beneficiary; then start transferring funds right away. Start fund transfer to India right away without wasting a minute!
Various online portals have been proved helpful in transferring online money among which RemitLite offers the best way to transfer money to India from USA. Many of the RemitLite users have had a satisfactory experience for transferring their funds due to best transfer rates as compared to other portals like Xoom that offers a transfer rate of just Rs 61.52 and AxisRemit offers only Rs 61.82 where as RemitLite offers exchange rate of Rs 62.02 which is leading among all other portals currently. Worry no more and make your Money transfer to India successful with RemitLite.