Send Money from Europe to India & Know About What Are The Different Ways

Since the number of Indians living in different parts of Europe is high, the need for money remittance to India is also high. To meet the need of their customers, money remittance service providers offer them various options to send money to India.

In this article, we will explain remittance options to send money from Europe to India.

The number of Indians moving to different European countries is rising every year. Many of them leave their dependents in India. Therefore, they send money to their dependents regularly in order to provide them with financial support.

Many remittance providers have made the process easy to enable their customers to transfer money effortlessly. But while there are various transfer options, choosing the right one is important.

Here are some remittance options that can be used to transfer a large sum of money-

• Wire Transfer

Wire transfer is one of the most popular ways of sending money to India. It’s a great option to transfer a large sum of money. In case of this method, money is transferred from one account to another via the SWIFT network.

Wire transfers can be done using a bank account. Therefore, the banks levy a charge if a customer wants to use this method.

• Online Money Remittance Providers

Online money remittance providers make the remittance process convenient for the senders. It’s an easy way to transfer money to India. There are many remittance providers that offer this service. Furthermore, online transfers tend to deliver money quickly.

• International Money Order

International money orders are another safe way to transfer a large sum of money. In order to send money, the sender needs to visit the money order service centre.

The sender must deposit physical cash at the centre. The cash will be converted to the destination country’s currency. It will be transferred to the destination country’s service centre. The recipient must take the funds from this transfer service centre.

The Process of Remitting Money to India

Follow this process to understand how to send money to India-

• Compare The Remittance Methods

As there are various remittance methods, senders must compare them based on various factors, like the exchange rates, fees, transfer duration, etc. This will help the sender select an option that is best for him/her.

• Sign Up with the Remittance Provider

In order to transfer money, a sender might have to register himself/herself with the remittance provider. Once the sender signs up, he/she can make the transfer.

• Enter the Correct Information

There are various details that the sender needs to enter to make a money transfer. He/she needs to enter details, like the transfer amount, recipient details, personal details, etc. For a smooth transfer process, the sender must submit the correct information.

Money remittance is crucial for many Indians as it helps them provide financial support to their family. As there are different options, it becomes important to compare them based on their benefits and costs. This will help the sender choose the right remittance option.

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Created on Sep 3rd 2022 08:29. Viewed 150 times.

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