Wherever the NRI is in the world, one of his inherent needs is that of sending money back home to India. Indians across the globe send over $40 billion into the country. The money is sent for family maintenance, depositing in NRE accounts, investing in property etc, donations & other purposes. Remit2India Traditional Channels:
The traditional modes of sending money to India have been mainly through foreign currency cheques & wire-transfers through the SWIFT network. The foreign currency option though cheap, takes a long time to clear (over 21 days) & also there is no tracking of the money once sent. The Wire Transfer option is quicker but is very expensive & the NRI needs to visit a bank branch to initiate the transfer. Other options included using agents to send money. This has a very high cost attached to it apart from the fact that it involves handling of cash.
Remit2india Online Money Transfers:
Online transfers are the new age option that helps NRIs send money completely on the Internet. It gives the customer a convenient, cost-effective option where the NRI does not need to visit any bank branch or agent outlet. The transaction is initiated online & the money is sent to the receiver’s bank account through a direct credit or a demand draft. Remit2India Money Transfers:Remit2India, the pioneer in online money transfers, is part of the Times Group. The service allows NRIs from 23 countries to send money online to India. The money can be sent to the family, to any NRE account, to purchase a property, for a social cause or to even pay utility bills. Remit2India recently received the Brand Excellence Award at the Asia Brand Congress & has also been voted the World’s Number 1 Online Money Transfer Portal for NRIs, by AC Nielsen Org Marg. More details on the service are available on www.remit2india.com
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1 comment:
I would recommend Remit2India to anyone. and thanks once again for your continued excellence.
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