Things to Keep In Mind Before Transferring Money to Indiaby Reuben Williams Adviser
For newcomers in a foreign land, remitting funds from one part of the world to India may seem like a lot of work. But once you get to know how it's done and what you need to keep in mind, you will become a pro at it. That is why, today we will talk about all the things you need to consider before you send money to India from Europe.
are several ways you can use to send money to India, and you can choose
whichever suits your preference and ticks all the right boxes for you. One of
the most preferred methods out there is the online method. However, if you are
finding it a little difficult to go ahead with the online method to send money
to India, then you have come to the right place. Here are a few things you need
to understand before you send money to India.
Find out the exchange rate
You can easily find out the exchange rate EURO- INR online, for free, without any
hassle. Or you can also talk to an expert to get information. It is totally up
to you and your preference, but checking this online can save time, money and
Make sure the timing is perfect
If the recipient needs money urgently, then you may
initiate transfer immediately as sometimes funds may reach in 1-2 days. But,
nowadays most remittance providers and banks offer an instant option to send
money to the recipients. Some remitters provide a guaranteed transfer rate,
which can be helpful to understand how much money the beneficiary would
receive. In some cases if the remitter and the beneficiary banks are same, the
remittance can happen as quickly as within 30 minutes.
Double-check the details
Double checking all the details before going ahead with the whole process is important. You need to make sure everything from the recipient details to the exchange rates are clear. Only then should you move ahead to the next step that your bank or financial institution will recommend.
These were the things you need to understand and
keep in mind when you decide to send money to India from Europe.
Created on Mar 1st 2022 23:20. Viewed 79 times.