Are you a Non-Resident Indian (NRI), who is interested in sending money to India from the UK? Do you desire to remit money to India from the UK in a cost-effective and fast manner? Do you desire a user-friendly and reliable experience while remitting money to India? The online remittance service, which is the newest remittance solution, can satisfy these requirements of yours. You can depend on an online remittance solution to swiftly transfer money to India to assist your loved ones.

Merits

Online remittances offer user-friendliness, multiple monthly payments and delivery modes, better exchange rates, low/zero transfer fees, secure transactions, preplanned transactions, quick money transfer and efficient round-the-clock customer support. Thus, it is not surprising that senders/recipients are relying on online remittance services to send and receive money online in India. Increasing competition in the online remittance sector has forced companies to offer competitive exchange rates to users.

Guidelines for Online Remittance Services

It is advisable that you send a minimal amount for your first online transaction so that you understand the process of the online transfer, the fee levied on your transacted amount, the date on which your remittance reaches the recipient's bank account, etc. For sending money to India from the UK, money is sent by a safe money transfer service. Money reaches the Internet as coded data. Subsequent to reaching the recipient's bank, it is decoded. The money transfer is over.Some online remittance providers may charge a certain amount in order to obtain your remittances and then hand over those remittances to your beneficiaries. Be sure to confirm that before committing to that remittance service provider. When an online remittance company promises best exchange rates and very low/zero transfer fees, do check thoroughly that claim. Sometimes, some companies, which promise low transfer fees, actually backload onto the exchange rate. This is a 'hidden fee', which is levied to neutralise the costs incurred from offering such low transfer fees. It is important for you to verify all this and know the baseline exchange rate in advance before opting for any online remittance provider.Do keep a copy of your transaction ID, your receipt and of other specifics of your transaction. This can be used as evidence in case your money does not reach your recipient.

Reliability

Online money transfer services have employed high-tech encrypted security systems to safeguard the money and data of their users. Such services give 'verification' calls to the sender and the beneficiary, during which they are required to confirm the data entered during the registration and transfer process. Some online remittance companies email/SMS the senders and the recipients about the status of the transactions. Some also provide insurance policies, which give you the assurance that your remittance will be despatched to the recipient's account.Thus, with a credible online remittance provider and due caution, you can send and receive money online in India easily.