The business of sending money across borders achieves great heights

https://www.remitlite.com/remitlite/index.jsp

Technology has changed the face of banking completely and we have the bestways to transfer money to India in the form of electronic remittance. It is fast, smart and highly safe. Not only big banks but even small local banks also offer the facility to their customers. The virtual version of money transfer let the banks sweep out and sweep in huge loads of money without handling a single currency note. Looking at the volumes of money transfer to India, it is the need of the day to find out effective and fast methods of transferring money.

In the world of electronic money transfer, the sun never sets. When the night falls in India, millions of rupees get transferred from the brighter side of the globe.
No need to go to the agent when online transfer is possible
When people want to “wire” money today, they do not need to step out of the house. Just login to an agency offering online money remittance to India and click “Transfer” button and the work is done. As more and more people use Internet and online facilities nowadays, going to an agent’s office becomes an outdated practice. Cross-border remittance conquers newer heights every year. Statistics says that the major chunk of it has been contributed by transactions of small amount, but the enormous volume makes the overall turnover huge. The major contributor is transferring money to India fromUS. As the number of people working abroad swells, the figure is expected to reach the rooftop. Unofficial estimates say that it will show an annual increase of 8 percent or more. The figures are certainly encouraging, and private agencies are ready to reap the maximum benefit from it.
Banks are reluctant to use the opportunity because they have other priorities
Since most of the banks don’t see money remittance as a lucrative business area, private remittance agents have a gala time. They offer more alluring services to the customers so that the largest share of the cake can be consumed. They offer the easiest way to transfer money to India and treat customers with utmost care. No wonder, people also give them preference. The flourishing market opens exciting opportunities for small and medium players. They can grab more customers by adding further services to the menu card.
Advertisements

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.

Did you know the best way to transfer Money to India?

We often come across hurdles when It comes to sending money to our loved ones from abroad. Visit and revisit banks for updates and confirmations and yet get delayed results. Here is where we look for some help to make our transfers easier and quicker. But that’s not the only problem! At times, the value for our money is not retained as we do not get the best possible exchange rates. With RemitLite, you can get the best exchange rate along with hassle free and quick services says our very client Ms. Falguni Shah a single mother, who stays in USA and has a daughter studying in India. “RemitLite has made it easy for us to narrow the gap between us and we have figured out the problems we were facing back then, when I did not know about RemitLite! Their services are very convincing so also is the exchange rate that they offer in comparison to other portals. I will surely recommend Remitlite to one and all – one of the best ways to transfer money to India

Have any urgent business transaction or emergency to send money to India? RemitLite makes it possible for you. With quick and easy access to transfer money to India from US, we also assure safety and security of your money.

RemitLite has earned the name of the being the fastest growing instant money transfer brand because of services and technology. The money transfer service offers simple and customer-friendly services.

It provides security and relief and also gives you a guarantee to deliver your funds with different services providing you guidance at every step. RemitLite is tied up with Karnataka bank. RemiLite is here to give you a easy money transfer experience with time convenience. You can be very well assured about your money transfer with RemitLite services.

The procedure the customer needs to undergo to avail this service is easy. Subscribe to RemitLite then you can be assured that it isn’t hard, on becoming a RemitLite Customer, you are automatically partnered with a remittance service leader who will provide you with complete security and peace of mind and the correct the methodology that you need for fund transfer to India. It provides basic guideline and assists you through the whole procedure of transactions and also assures and guarantees you security at every step of the procedure involved for the quick remit.

Enjoy online transactions with RemitLite!

Money Transfer – Just a Click away!

When we have our closed ones away from us, our care and concern for them has no limits and we at Remitlite understand your feelings. We know your value for your money as well as your loved ones and offer the best way to transfer money to India from US. We not only offer the best exchange rates but also provide quicker and easier services than any other money transfer website.

Remitlite makes it hassle free for all and is one of the best ways to transfer money to India. Your money is safe and secured with us. We are here to make sure that you do not lose a single dollar and guarantee excellent exchange rates. Sit back, relax and transfer money from the comfort of your home or office anytime of the day.

When you are in doubt about what is the best way to transfer money to India, the answer is Remitlite of course! It has earned the name of the being the fastest growing money transfer brand because of its world class service and state-of-the-art technology. The money transfer service offers simple and customer-friendly services including text updates, Online transfer tracking mechanism, 128 bit secure transfer and competitive exchange rates. Apart from this we are user friendly and offer hassle free services to reduce the burden from your shoulders.

If you are among those who look for speed and reliability before you use services like best money transfer to India from USA, then Remitlite should be your first choice to send money to your loved ones.

Transfer Funds to India from the comfort of your home to your friends and family in a Hassle Free and secured manner. The money can be delivered to the recipient’s bank account. The money can be credited to all Indian bank accounts having partnered with all leading Indian banks including ICICI, HDFC, Axis Bank, etc.

There are many ways to transfer money to India, Remitlite has been consecutively offering the best exchange as compared to other money transfer sites like AxisRemit, Xoom and many more because we know that your loved ones deserve more. So now transfer your Money to India in a safe and secured way. If you are close enough to transferring your money then, Remitlite, as you know, is the best choice!