Mon, 6 Feb 2017 by RemitGuru



A lot of Indians travel abroad for reasons like employment, further studies and better lifestyle. Migration patterns in India are increasingly reflecting the economic divide in the country, with more migrants over the last decade heading abroad, which have grown faster in recent years. As a country, India is one of the fastest growing source of immigrants abroad have a giant global diaspora settled in different countries around the globe. These countries are populated with equipped Indians such as doctors, engineers, executives and other high-skilled workers that arrive with work visas. Such kind of employment eventually helps the country abroad to build a strong economy.

Post migration our family build up lot of expectations from us. Thus, it is also very important to fulfill their expectations and necessities. With a good job in hand what matters to us is the satisfaction of earning and sending money to our family back home. The activity of sending money home is age old and it involves different ways of money transfer. Earlier, with traditional methods like demand draft, money transfer agents, cheques and wire transfers money was transferred from one place to another. However, after the huge global change and with technology getting advanced these methods are taken over by the new age of remittance. One such kind of remittance is the online remittance.

Online remittance to India is one of the most widely accepted money transfer concept. It is considered to be fast, safe and more transparent as compared to the other types of money transfers. Unlike traditional way of money transfer, online remittance is time consuming and one doesn't need to go to the bank to transfer funds. You can send money at your convenience, from one place to another - anywhere and anytime. With a clear idea of exchange rates and trained customer support for guidance, the whole process of remittance is simple and convincing.

Online money transfer requires minimum information from the sender's behalf. The sender just need to get registered and provide basic information like name, contact details, identity proof and bank details. As far as the receiver's details are concerned, name and bank details are the important ones. After verification or the know your customer (KYC) process the sender can send money across to his or her receiver. One important information about online money remittance is that it has certain service charges. With the online remittance option, the sender can transfer the amount any time as it is available 24/7. However, different remittance service providers have their different corridors of sending money. One important point to be noted is the market rate which keeps changing and the rates can be either high or low.

Leave a Reply

Required fields are marked *
Full Name:*
Email:*
Website:
Comment :*
Word Verification:*
Trouble seeing the image? Try new code
Powered By:

Join Us:

Fable Fintech Pvt. Ltd
Sai Bazaar, Level One, Station Road, Opp. Santa Cruz Station, Santa Cruz (West), Mumbai 400054, India.
Copyright © . RemitGuru.com. All Rights Reserved.