If you are Indian living in the U.S. or U.K. you probably are looking for ways to send money to family back home in India. Indian Remittance is a fairly common situation; Indians living and working in 1st world countries always earn better wages and therefore send money to India. Bank transfers are usually the first thing people think of when sending money back home but they are usually the longest and the most expensive way to go. Of course in America people send money via Paypal and Venmo. In India, Paypal may not be widely used.
Send money to India with Western Union
A service that most people use to send money home is to send money online via Western Union. Money transfer using Western Union is a relatively inexpensive and cheap way to send money to India. All you need to do is simply go online and you can connect your current bank account or credit card / debit card to the account. If you have your party’s name and e-mail ready you can proceed to send the money. The fee is usually $10 USD. Check for specials that Western Union normally gives out. You can even go to a local store that offers Western Union services to deliver the money there.
When it comes to transferring money abroad, you can be sure that Western Union is the cheapest way to go. Another service similar to Western Union is Money Gram. Money Gram is a service that is virtually the same as Western Union in the principle of online transfer. The fees are identical which the same way of reaching the other party via name and e-mail. Once the money is transferred, the opposite party needs to have the reference number and go to their local Western Union / Money Gram operating store to receive the money.
Send money to India with TransferWise
Perhaps one of the services that has revolutionized, money remittance to India is transferwise. Since the emergence of this service, many Indians in diaspora have appreciated the speed with which they can send their money back home, not to mention that it is cheaper than even the renown services such as Western Union itself.
Remit2India is another good option for sending money
Whether you are looking to send money to India for investments, property payments, or loan payments you can trust to deliver the money in a safe and convenient method. This safe way to transfer money can be done via ACH, Wire Transfer, Online Transfer, Net-Banking Transfer, or check Transfer pay-modes. Using this service has its advantages as you have an attractive exchange rate regardless of the country you are living in. With 24 countries and 10 currencies to exchange from, Remit2India happens to be one of the best choice for money transfers to India.
If you are looking for a relatively inexpensive method to send money to India for personal, commercial, or financial reasons then consider online transfers. When you send money online, you are simply saying that you would like the recipient to receive it as fast as possible. Whether you create an account or not, sending money online will guarantee that your money is sent instantaneously. You worked hard for your money, don’t let the bank fees take money away. When time is of the essence and you need a fast and safe delivery method choose online services such as Western Union, Money Gram, and Remit2India for your online wire transfers to India. This is the fastest and safest way.