5 Reasons Why You Should Send Money to India Onlineby Reuben Williams Adviser
In the past, sending money to India was a cumbersome and time-consuming process. Apart from the need to visit an offline money transfer agent and then waiting for days to get the transfer processed, it was an expensive affair with lower exchange rates and exorbitant transfer charges.
But thanks to the introduction of online remittance, these inconveniences have been mostly eliminated. Whether you are in the USA, the UK, Canada, UAE, or Singapore, you can now conveniently and securely send money to your family and friends in India.
If you’ve recently moved to a foreign country and searching for a reliable way to transfer funds internationally, then here are 5 reasons why you should consider online remittance-
1. Convenience at its Best
Gone are the days when you had to visit an offline transfer agent for sending money to India. With online remittance, you can now instantly initiate a transfer from the comforts of your home. Most of the top remittance providers also have their mobile apps for on-the-go transfers.
Moreover, as the Internet never sleeps, you are free to make a transfer, no matter if it is day or night. Digital remittance services are available 24x7.
2. Instant Fund Transfers
One of the biggest reasons that have made digital remittance a preferred choice among NRIs across the world is the speed of transfer. Some of the top Indian banks with extensive international presence now offer instant and same-day intercountry remittance services.
If the bank and branch in which your beneficiary has an account in India are eligible for IMPS (Immediate Payment Service), then you can use online remittance services to instantly transfer funds to India from several countries.
3. Enhanced Security
Offline transfers generally require you and even your beneficiary to deal in cash. You first visit the money transfer agent and deposit an amount in cash for the transfer. Your beneficiary in India is then required to visit the nearest branch office of the transfer agent to collect the amount in cash.
Needless to say, carrying large sums of money in cash is risky. With online remittance, the transactions only occur between banks. The amount is withdrawn from your bank account and deposited into the bank account of your beneficiary. Moreover, top banks also take several measures to keep your account and transfers protected at all times.
4. Get Maximum Value for Your Money
As the world of banking has grown by leaps and bounds, a few banks in India have established their presence in foreign countries too. They have extensive working relations with foreign banks, enabling them to provide highly competitive exchange rates to their customers.
Some of them also offer features such as guaranteed exchange rates and exchange rate calculators for enhanced convenience. Even the transfer charges have fallen drastically to make the transfers more affordable.
5. Digital Record of All Transfers
With offline transfers, you are mostly provided with a physical receipt when you make a transfer. We all know too well how easy it is to end up losing it. But this is never the case when you send money to India online. You are provided with a digital receipt that you can easily download to your computer or mobile phone.
Not only this but each of your transfers is digitally recorded, and you can easily access these records by logging into your money transfer account as and when needed.
Ready to Use Online Remittance for Fund Transfers to India?
As can be seen, there are several valuable reasons that make online transfers a smarter, safer, affordable, and more convenient way to send money to India.
Look for a trusted Indian bank well-known for its remittance services to start experiencing these benefits at the earliest.
Created on Jun 30th 2021 07:53. Viewed 169 times.