Money Transfer Service Scheme, the amazingly simple way of money remittance to India

If you talk about easy and convenient ways of online money transferto India, the MTSS or Money Transfer Service Scheme is amongst the easy and convenient options. It allows inward remittance of money from abroad to India for family maintenance. The facility can also be availed by tourists traveling to India. They can transfer money to India using the MTS facility. No outward remittance is possible using MTSS service.

This is a joint venture of Moneygram International, WUFS (Western Union Financial Services), and Department of Posts.

What is the process?

The process of sending money online to India using MTSS is quite simple and straightforward.

• The remitter goes to a MoneyGram location or Western Union money transfer outlet in any of the countries where the service is operational. He fills in the form and pays the money and additional charges applicable. A unique MTCN (Money Transfer Control Number) is generated by the system which acts as the Reference Number
• The remitter calls up the payee and informs about the deposit. The Payee (receiver) goes to the Post Office, fills in a form and shows identification document. He shares the MTCN to the officer. The code is verified from the transaction record. Once the validation is done, money is delivered
• It is one of the fastest ways to transfer money to India that doesn’t take more than ten minutes
• Payee gets the amount in Indian currency. As per the rules, remittance of up to 2500 USD is allowed in one transaction. It is a guideline issued by the Reserve Bank of India that can’t be overruled
• As per the rules, up to 50,000 INR can be paid in cash. Any amount above can be deposited in the account directly, or a cheque is issued in the name of the beneficiary

In spite of the limitation of maximum 30 transactions annually, it is one of the best ways of doing money remittance to India. More people get benefited by it every year.

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.

Money Transfer helps In Economic Growth!

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.

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!

Still Worried About Your Money Transfer?

“For the past two years I have been living in USA. Of all the challenges that I faced while living as an NRI, the biggest hurdle for me was transferring money to my family in India. I noticed while transferring money through banks, they were earning their own share of profits and also the exchange rates were not satisfactory, then once while surfing I came across a service provider, RemitLite. They not only provided excellent exchange rates but also the complexities of transferring had become easy and with more security “- Sweekar Sharma

“My mother met with an accident and I had to send an amount of $2000 to India. My friends suggested me to use RemitLite and I have to say I am really happy with their services. Though it took 4-5 days but I enjoyed a hassle free transaction, also the exchange rates they gave me compared to others were awesome. Now I surely recommend RemitLite to everyone” – Pratik Pathak

Just like Sweekar and Pratik, RemitLite has helped many people who are looking out for safe and easy ways for transferring money to India from US with competitive exchange rates. Along with these features RemitLite also offers an Online Exchange Rate Calculator where you can calculate the amount that will be transferred to your account.

Too many formalities are other things that one may consider while transferring money. Well at RemitLite we believe in less formalities and better service and also we provide the easiest way to transfer money to India. Our Customer Support is always there to help you and you can easily get in touch with us by sending us an email to our service centre. So take your decisions wisely and worry about the other important things in life rather than worrying about your money transfer. Send money online to India in a hassle free and best possible way through RemitLite.

Why RemitLite???

Nearly a decade ago the main problem faced by the Indians residing in USA was transfer of money to India. But now the scenario has changed, transferring money is no more a stressful task. With changing times many modes of money transfer has been introduced. Online money transfer has gained a lot of momentum in past couple of years since it is quick and convenient. But in this case also there is a lot of confusion regarding the selection of right service provider who provides good exchange rates along with great service.

RemitLite is one of the best online money transfer service and some of the reason for selecting RemitLite are as follows:

• Best Exchange Rates – We know the value of your hard earned money and therefore RemitLite consecutively have been offering the best exchange rates as compared to others and will continue to do so.

•   Minimum transfer fees – RemitLite charges a very low amount as the transfer fee as compared to others and therefore you end up saving more of your money.

•  Safe & Secure transfer – Your money is safe with us. All your transactions and data exchanges are secured with SSL encryption. So sit back, relax and leave all your worries to RemitLite.

• Ways of transfer – RemitLite offers two ways to transfer the money to India that is ACH Transfer and Wire Transfer. Both the ways are quick and safe.

So now transfer money to India without any hesitation through RemitLite and keep enjoying the excellent exchange rates along with great service.

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.

Now no more worrying about Money Transfer

  Gone are the days when one used to constantly worry about transferring money to their loved ones. With the evolution of the internet and the online services it has become very easy to transfer your money from one place to another. Send money online quickly and safely through money transfer services. But while choosing a particular online money transfer service it is important that it is reputed and trusted so your money is transferred safely.

  Also it is important that service provider provides you with the best exchange rates. And if you are thinking where you would find such online money transfer service then your solution is RemitLite.

  RemitLite provides you the best online money transfer service which helps you to transfer money to India from USA. It offers the best exchange rates to their customers as compared to the other service providers. While transferring the money it is important that the money reaches its destination in time and RemitLite ensures that the money is transferred as quickly as possible. So now easily transfer your funds to India with the help of RemitLite.

Mobile Money Transfers are getting up to Speed

Ages ago transferring money from overseas was great deal. There were limited or rather no options. The only way to do so was by post, and it took days for the money to reach the beneficiary.

With the most portable device money transfer is speeding to real time. Today using your smart phone you can transfer money to a bank account at the speed of light, by the time you realize, your transfer has been realized to the beneficiary’s account. Making a mobile transfer is as simple as booking tickets for a movie; you simple have to follow the steps, fill in the required details and push the send button and there your transfer is made. It is so easy that even a 12 year old could do it by following the steps to make the transfer. Everything and everyone is online today, there is nothing that cannot be done from your smart phone; from shopping to booking tickets to transferring money. All that you need is a smart phone and your finger-tips, that’s it! Rest is all just a ball game. That small little electronic box in your pocket is a key to every possible lock.

Mobile money transfers are trending today and catching the pace of light. Mobile transfers have brought about a revolution in the banking sector, simplifying banking to the commoner.