For Indians living abroad, handling financial matters back home is a very important issue. Whether you have to meet a bill payment, pay tuition fees or want to send money to your family in India; money transfer is one of the most essential services for non-resident Indians.
With many options available, it is imperative to be aware of the advantages and disadvantages of various modes and conditions of money transfer before choosing the right service. Every Indian living abroad looking to send money to their loved ones back home essentially looks for money transfer charges and exchange rates, transfer time and security of money.
Online money transfer allows people to send money from the comforts of home, without the need of visiting any banks. Nevertheless it is important to check the exchange rates, fees levied, transfer time and reputation of the online service, before deciding which service to opt for. Usually services claim to be free but they have some hidden service charges in India and service tax is applied to transfers. Also, it is useful to check if the service provider has dedicated toll free customer service support either by phone or email.
Online money transfers are also safe and secure; however these take 2-3 working days to transfer funds to India. The online money transfer companies have tie-ups with banks enabling recipients get a direct credit into their bank account. However, online money transfers have reasonable rates for transfer.
These companies offer multiple delivery options that include direct credit into the recipient?s bank account and if the recipient?s bank does not have a tie-up with the money transfer company, payment through demand draft is sent to the recipients address.
RemitGuru.com is one of the finest online remittance service providers where you can log in to initiate a transfer. Registration takes 5 minutes and we have zero transfer fees for transactions up to a certain limit. By saving your time and providing you the most skilled customer support 24*7 you can trust us with your money. We also provide updates via SMS or email so you can track the status of your transaction.
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