Many people shift to overseas for better career prospects and a better livelihood. When the go abroad they have to leave their families back in India. Thus sending money to their family in India is like a daily routine they usually have to do regularly. The intervals of transferring money may be different. Few people would be sending money once in a blue moon whereas other might have to send it more often as in monthly.
Thus deciding the most convenient way to remit to India is very essential.
There are different modes by which one can remit money to India. Transferring money through pay checks is the most orthodox and traditional ways. This is one of the most time consuming method to transfer funds and wouldn’t work during emergency or urgency.
Transferring money online is a very familiar and accepted and famous ways to remit to India. With the help of this method money can be easily sent to any part of the world. The time frame required for this method is almost forty – eight to seventy two hours. The other available options to remit money to India are the different money exchange services. These services are simple, speedy and reliable. One can expect the money to be transferred almost immediately. Thus the time frame required by this option is one of the least. Also, one of the other benefits of this service is that a sender need not have an account to use it. There is just a reference number involved in this process. This can be one of easiest ways to serve your family’s requirements but the only drawback is the service charges which are comparatively high.
Everything has a disadvantage and this method has a flat fee being charged depending on the recipient belongs to which country however this option is useful when you’re about to send a big amount of money. Hence taking all the above alternatives into consideration one can choose the option that’s suits the best and gives the best benefits and comfort. The most important thing to consider while remitting money is the exchange rate.