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There are more than 25,000,000 Indians living abroad (NRI). many of them send money to India on a regular basis. They need a safe and reliable way to send money home to their relatives.
in addition, the growing industry of Indian outsourcing services requires easy ways for making overseas payments to India.
We are here to help.
IndiaMoneyTransfer.info bring you complete reviews of the offline and online methods to send money to India.
We review the main online money transfer services, provide money transfer discounts and give you all the information you need to remit money to India - the cheap and convenient way. |
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Methods for sending money to India |
- Bank wire transfer - A wire transfer is an electronic transfer of money. In the case of a bank-to-bank transfer, no actual cash is exchanged, but electronic balances in the respective accounts are adjusted accordingly. This is a very secure way to transfer funds, as positive identification of both account holders is required, and there is no chance of a charge back, unlike with a personal check.
- Non-Bank wire transfer - offer an alternate, anonymous method of wire transfer. There is no need for bank account or credit card. wire transfers can be sent between the service provider branches within minutes. The money is transferred electronically. The two biggest players in this field are: Western Union and MoneyGram.
- ATM Card - A service provided by iKobo. using iKobo you can send money person-to-person, by means of a reloadable credit card (iKard) mailed to the recipient and can be used for all future transactions from that moment. Transfers are being made online from iKobo website. Reciever can withdraw funds from any Visa ATMs worldwide.
- Online payment (PayPal) - Allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders. service allows anyone with an e-mail address to transfer funds electronically to someone else with an e-mail address. funds can be withdrawn to bank account for some fee.
- Bank checks - The old method of sending checks through the postal service. receiver deposit the check to his bank account and waits for the check to clear (can take up to 60 days). can involve high fees.
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