There are various ways to transfer funds to India. The number of remittances to India has been growing up constantly. So, the online money transfer to India is one of the popular methods compared to the other emerging and established methods. Since, India has the largest share of total world’s remittances, with $70 Billion.
There are two methods to send money online to India, through the traditional means or the modern ones. The traditional option comprised of wire transfers, cheque transfers or through wire transfer agents. With the modern means, you can send money online through various processes of online fund transfer services. Simply stated, each kind of transfer requires different details to ensure that fund transfer is completed effortlessly.
If you want the easiest and the least expensive ways to send money to India, you can look to a few banks that have specialized programs. Some banks have programs that solely help people transfer money from US to India or transfer money from UK, with no other countries involved.
All you have to do is, simply appoint a member from your home country, mostly family in the account. These accounts are very easy to open. You need to fill the form, produce the necessary documents and add the sufficient funds. You can easily send money online through this account, and then the appointed member can withdraw the funds in the Indian rupees. Keep track of the exchange rate of the pounds or American dollars when you are transfer money from US or UK to India respectively.
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