Why do NRIs search for the best deal while sending money online?

NRIs need to send money to India online quite frequently. Sometimes, there are dependent parents in the native place, and sometimes there are financial exigencies. Some people invest in properties in India, and they are required to pay EMIs. At one side, they are worried about the exchange rates and commissions because it affects the profitability. On the other side, they are equally concerned about the security of the transaction. Everyone wants the money transfer to be fast, accurate and without hassles. With the development of technology, there are multiple ways of doing the money transfer. Each method has positive and negative factors. One should look at these factors before choosing a service.

Money transfer to India is a big business

Yes, it is a million dollar business. You search with the relevant keywords on the search engine, and there are hundreds and thousands of websites that offer money exchange services. Some of them are reasonably priced and cost-effective, and some are exorbitant. You should look for the maximum value while you send money to India. While service providers earn commission for money transfer, fluctuations in the international currency rates also add up to their profits.

The hidden cost of exchange rate forces NRIs to search for a good deal

The exchange rate is nothing but the conversion rate of your currency to the destination currency. Since the rates are not fixed, you should pick the correct time to send money. Other than the exchange rate, service providers also earn a profit by the gap between the buy rate and the sell rate. It is called “spread” in the technical language. Remember, it is at the discretion of the service provider how much spread should be charged. When they charge heavy transaction fees, the spread is levied. When they charge low transaction fees, there are hidden costs in the form of “spread”. It is the reason, NRIs look for the best ways to transfer money to India where both transaction fees and spread is marginal.

Other factors are also important

Well, the easiest way to transfer money to India should not be the slowest one. Money transfer should happen as fast as possible. The transaction should traverse through safe and secure links that can’t be hacked by malicious people. NRIs check all these aspects carefully before clicking the “Transfer Funds” button. After all, money matters!

Know the ways you can remit money to India from the US

Technology has changed the way we live, earn and remit money to our near and dear ones. Gone are the days when people used to stand in queue for money transfer to India from US. There were big commissions on each transaction, and money transfer wasn’t immediate. There were plenty of failures and frauds. Nowadays, it becomes a matter of a few clicks and money transfer is almost instantaneous. There has been a significant drop in the commissions, and it is even waved off sometimes. Sending money online to India wasn’t easy. Thanks to the telecommunication revolution that made it possible.

You have several ways of remittance from USA to India

Well, there are several options to choose from, and you can select any of them as per your convenience and ease. All are comparable and almost same as far as usage is concerned.

1. Electronic fund transfer through Automatic Clearing House: Popularly known as ACH, it is one of the popular methods of money remittance to India. It is controlled by an agency known as NACHA in the US that controls the electronic payments, clearance, and inter-banking transactions. The money transfer takes three to four working days, and the money can be withdrawn the next day of the deposit. There are no extra charges and hassles. It is quite popular nowadays.
2. Online money transfer to India: It is another easy and practical way of money transfer. Using the Internet connectivity and local online banking service, you can transfer money to India. Account number, name, and address of the recipient should be known before you make the transaction. It is a popular method among those who transfer funds regularly. This is an economical and less troublesome way of money remittance India.
3. Wired transfer: It is also quite commonly used method. One has to visit a financial institution or agency to do the money transfer. The customer care executive asks relevant information of payer and payee before initiating the transfer. After that, the agency initiates wired transfer and issues an acknowledgement. Actual transfer takes place in a few days. The lead time has reduced with technological advancement, though.

Whatis the best way to transfer money to India? The answer is really difficult because it depends on individual preference. Factors like easiness, speed, convenience, acquaintance and exchange rate USD to INR play an important role when one decides the preferred method.

A few important tips for those who send money to India frequently

A lot of NRI or Indians visiting the USA on business or official visits transfer money to India using the Internet. With the advancement in technology, it becomes quite simple and safe to do the same. There are plenty of service providers that claim competitive rates and world-class service. Though a majority of them look identical regarding services and features, there are a few important aspects that differentiate a high-class operator to a mediocre one. Experts say that it is not always correct to look at a company that s quick and inexpensive. Rather, safety and security should be the paramount criteria.

How to determine the best service provider?

In the vast market of online service providers who claim to be the smartest and most profitable money exchange facilitators, it is a marathon task to find out the real and genuine one. According to Foreign Exchange geeks, a company that has superior customer management tools and support system should be preferred. Instant money transfer is another critical aspect. The delay should be the least, and so are the margins. Always compare two or three options before deciding. Sometimes, the charges prima facie are compatible but there is a big difference in the service charges. Hence, a proper comparison is necessary.

Mind the exchange rate

Well, you do not bother about the exchange rate when the money transfer is required urgently. However, a well-planned money transfer can be done with thorough analysis and comparison. Do it when the exchange rate is the highest. Don’t believe on speculations but always follow a right advice from a valid service provider. Remember, there is no trend or rationale behind the Dollar-to-Rupee rates. There are hundreds of factors that affect it, and none of them are controllable. Hence, just perform the exchange when the rate touches the peak of the day.

Safety is the foremost aspect

Always pick an operator that is swift, safe, and reliable. Always look at the feedback and reviews so that you don’t select an incorrect one. Certainly you want the money to arrive fast, but at the same time you want it to arrive safely as well. Good quality providers are always dependable. Even if sometimes the rates are high, you should choose a well-known exchange house.

With the improvement in the speed of connectivity, it is quite easy to send and receive money from India to the USA and vice-versa. A little precaution makes it quite safe and easy.

Why online is the best way to transfer money to India from the USA?

The modern era is called the era of telecommunication, and there is no exaggeration in it. We make use of the Internet in almost every aspect of our life, including financial transactions. Online money transfer across the countries is one of the most useful applications of the Internet.

Availability of safe and secure Internet connections makes it possible to Send Money Online without fear. It makes money transfer almost instant and easy irrespective of the distance and time zone. According to estimates, thousands of transactions take place on the daily basis where people from the USA and other countries send money to India. As the exchange of money between India and the USA increase manifold because of outsourcing, there is a need for highly efficient and reliable service providers.

What makes the best way for international money transfer?

Well, other that speed and convenience which are the most obvious benefits, several other good things that make online remittance lucrative.

• It is possible to send money directly to the receiver’s account: Online transfer makes the transaction directly to the bank account of the receiver. It removes the need for a mediating agency. Not only it reduces the cost, but also saves from the risk of exposing confidential monetary transactions to a third-party.
• It makes audit compliance and tax calculation simple: Since online transfer takes place in the account directly, statutory reporting and auditing become hassle-free. Since tax and other service charges get deducted at source, there are no audit observations.
• Good service providers offer stringent quality checks: When people use a reliable service provider, it is the best way to transfer money to India from the US. A seasoned operator validates the transaction before approving. Hence, there is a negligible probability of fraud.
• It supports all varieties of money transfer: Individuals and businesses can send or receive money internationally using the online method. Thus, it is a versatile and flexible mode of money exchange.

With further advancement in the technology, online money transfer will become further simple and fast. Compatibility with handheld devices adds another dimension to it. Certainly, it will become the prime mode of money exchange between India and rest of the world. Multiple currency exchanges will make it possible to send money in more than one currency. Experts say that with further advancement in technology, reliance on other alternate solutions will drop significantly.

Visit Remitlite.com for hasslefree Remitance of Money from US to India and Uk to India.

send money online to india

Enjoy Hassle-Free Online Money Transfer to India from USA 

 

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 onlinemoney 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 moneyto 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. Whiletransferring 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.

send money online to india

Enjoy Hassle-Free Online Money Transfer to India from USA

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.

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.

Money Transfer Made Convenient!

Many Indian residents have migrated to India for purposes of Business or studies and have their families in India. To send money to India wasn’t an easy task earlier. Problems in transfer of money, complaints of theft, calamities, problems of late delivery and many other dangers of exchanging money through post. Such services have been improved due to enhancement of internet and online services. Today we have money transfer services online which not only transfer money from abroad to India but also offer a very good exchange rate at the same time. This has happened due to the highly improved technology that has emerged in the 21st century. At present there are many money transfer services that are available but we need to choose the best way to transfer money to India from USA.
RemitLite is one such money transfer service that provides money transfer with an exchange rate and it is the best way to transfer money to India from US. It offers the best exchange rates to their customers unlike any other online money transfer portal. RemitLite is not only trustworthy and reliable but also speedy and convenient. RemitLite keeps you updated with the rates that they are providing. Along with the updates of the rates that they will be providing, you also get updated with money transfer details and will be well informed in case of delays that may have occurred due to certain reasons. To hear this from a Remitlite Customer that has been using its services for past 6 months, “I am a single mother and I have my daughter studying in India since last few months. With time the gap grew but the money exchange services by RemitLite have now narrowed the gap. Now I can send money to her during her emergency without worrying about its security in transfer.” Such services make life easy and make transactions hassle free. Online transfers have revolutionized the way money can be sent from one person to another.
So now we know that RemitLite is one of the best services that can be used for online money transfer to India from USA conveniently without worrying about the exchange rates. You now don’t have to compromise on your need for money on immediate basis from the people living abroad. What are you waiting for? Your money transfer is just a click away!

It’s Never Been So Easy Before

Today many Indian people go abroad to work and earn money and earn their livelihood whereas their families live in India itself. Earlier there was lot of problem in delivery of money, there was a lot of complaints of theft, calamities, problems of late delivery and many other dangers of exchanging money through post. This got improved due to the enhancement of internet and the online services. Today we have money transfer services online which not only transfers money from abroad to India but also converts the money at the same time. This has happened due to the highly improved technology that has emerged in the 21st century. At present there are many money transfer services that are available but we need to choose the best out of the rest depending upon our requirements.

RemitLite is one such money transfer service that provides money transfer with a good exchange rate. It is the best way to transfer money to India from US. Now you can send money online without worrying of low exchange rates. It offers the best exchange rates to their customers as compared to the other service providers. People working abroad who want to transfer money to India will find the services of RemitLite best and the easiest to transfer money to India. RemitLite is not only trustworthy and reliable but also speedy and convenient. The best part of using the services of RemitLite is that it keeps the people updated with the rates that they are providing. Along with the updates of the rates that they will be providing, it also tells us about the details of the money transfer and keeps us informed in case of delays that may have occurred due to certain reasons.

So now we know that RemitLite is one of the best services that can be used for online money transfer to India from USA conveniently without worrying about the exchange rates. You now don’t have to compromise on your need for money on immediate basis from the people living abroad. The fund transfer to India will be done in the most effective way considering the need of its customers. So now you know the exact place that’s made for you, so take advantage of the services provided by Remitlite and transfer money to India  and be tension free and enjoy life.