Tue, 8 Nov 2016 by RemitGuru

India has one of the world's most diverse and complex migration histories. Since the 19th century, ethnic Indians have established communities on every continent and in different part of the countries. A large number of Indians have settled abroad and one of the main reason for migration is cultural freedom, employment opportunities and financial stability. The other reason could be having a family or friend or even a relative already residing there. They think that if they settle abroad, their present and their future will be secured.

Study says, India has the second highest number of emigrants in the world, with the year 2010 seeing 11.4 million Indians moving abroad. According to the Ministry of Overseas Indian Affairs, international migration is important impacting on economic relations between the developed and developing countries. The United Kingdom is one such country which consists a wide and large group of Indian community. Indians began arriving in the UK in large numbers around 1947, shortly after their country gained independence. Before 1947 Indians moved to the UK in relatively small numbers.

One very important point to be noted is the reason for migration, considering the visa norms, these largest group of Indians settled in the UK were granted immigration in the category 'employment based preferences'. These migrants or NRIs leave their homeland and family to fulfill their dreams, which eventually helps and gives their family a financial stability, back in India. Higher paid jobs, modern lifestyle, new age technology are few reasons which attract these set of Indians. With the kind of wage they receive it is more than enough for them to fulfill their family's demands. Thus, transferring money to their family is a prime responsibility.

Every NRI or a migrant makes a point to transfer money to their family every month. Money transfer from UK to India is a process which is completed by using different methods. There are many options available to do the same, from money transfer agents, check transfers, online money transfer services and wire transfers. The best way to transfer money to someone depends a lot on how and where you want to send it. Fees, Speed and other features are ones to be considered during selecting the best options for international money transfers.

Online money transfer is one such option which is mostly used and considered by majority of sender. But, the question is which the best online money transfer service provider. For example, some services offer better terms for larger amounts of money but the higher fees make them less suitable for transferring smaller amounts of money. Factors such as exchange rates, time of transfer, receiving amount, safety of money all these play a role which determine the best and cheapest way to transfer money abroad. RemitGuru, one of the best online money transfer provider is truly customer-centric and it is known for its transparency and it's excellent service. It provides great exchange rate and zero transfer fee.

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.