Smart money remittance to India
Smart money remittance to India
As multiple money remittance channels proliferate in India, remitting money home is becoming a daunting task. It becomes puzzling with so many options to choose, but you can take a prudent decision by minimizing the overall risk of efforts and cost, if you invest your time wisely to research the channels, their credibility, exchange rates and response time from their support services.
Below are some measures you can adopt for hassle free money remitting experience to India.
a) Be proactive in sending the money:
Sounds routine, right? True, but you will be amazed to know that most of the people who remit money back to India usually do it at the last moment (except in cases of emergencies). Waiting to remit money back home at the last minute cheats you of quality research you can undertake to make the most of the transaction.
So under these circumstances, one tends to use whatever default route available, which, might not be the best method available to transfer money back to India. Thus it's advisable to schedule and budget the amount of your remittances, so that you get to make a wise choice in doing so.
There are times when we have to remit money back to India on the spur of the moment due to emergencies, that's ok but don't make it a habit to pay at the last minute. Remember to always research on the various options and find the best one that suits your need. Exchange rates, service options are subject to fluctuations so research for the best.
b) The 3 most important word in money remittances are Research, Research and Research.
You must research all the options available, before sending money back to India. Your present banker or the friendly advice you have, might not be the optimal solution for your transaction. Look for the merits and demerits of each of the money remittance channel, very important, please read the fine print too.
Once you have researched your options, it's easy for you to now shortlist the ones that best suits your need. Prioritize those who offer good exchange rates and lesser fees or your transaction fees might erode the remittance amount.
c) Remit Money Online
Doing the remittance online will save you trouble in many ways. You don't need to go to the bank or any other financial institution to make the transfer, thus saving you on time and commute cost.
Most of the remittance methods have a secure online window to do the transfer from anywhere in the world. To conduct a hassle free and easy money remittance visit Axisremit.com
While remitting money online check whether the channel provides you,
Competitive Exchange Rates
24 X 7 money transfer facility from the convenience of your home
End-to-end tracking of funds
Reliable & Prompt customer support
Global security standards to ensure safety in online transfer
Exciting rewards on remittance
d) Remit larger amounts possible in a single transaction.
The transaction charges involved are inversely proportional to the money transferred. which means, higher the amount lesser the charges and vice versa.
So you can incur good savings if you transact big amount in one go rather than sending small amounts frequently. In simple words, make your remittances quarterly or half yearly than monthly.
e) Online money remittance channels.
Of recent there are multitudes of online money remittance options available. Some of them are Axisremit.com, Remit2India.com, Western Union money transfer, ICICI Bank's Money2India, etc.
It's always wise to transact through an established channel having a large banking presence as it helps the beneficiary to withdraw money from branch near to his location.
AxisRemit is one of the most responsive and easy channel to remit money, Customers can transfer to over 55,000 branches of nearly 100 banks in India using this service.
The countries from where money can be sent are USA, UK, Euro-zone, Australia, Canada, Singapore
UAE and Hong Kong.
If you are from USA then check out their money transferring options. For other countries visit their home page and select the options accordingly.
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