When it comes to international funds transfer, there are several rules and regulations to be followed. These rules are all applicable whether you’re getting or sending money to India. Due to the overflow of Indian migration overseas, there is an immense need for a secure, fast, and easy-to-use money transfer way.
If you’re wondering about a seamless and stress-free way to send money to India from any corner of the world, this blog post is for you. To help you send money safely and quickly to your homeland, here are some of the best and most secure ways that you can consider in this blog post.
Read on to explore more!
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Online Money Transfer Agencies
There are numerous online agencies that provide senders with a simple and convenient money transfer experience. As this method of sending money is completely online, the charges are also more affordable than other transferring methods.
For instance, if you want to send money to India, using an online money transfer agency will be more convenient for you than physically visiting the agency.
The process will take only a few days, and funds will be received in the next 3-5 days of the transfer.
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International Money Order
International money transfer is one of the secure and highly budgeted ways to send money back home. Using this method, you don’t have to make an account to send money back home. You can deposit money directly into the bank account.
Once the receiver gets the funds, they can encash the amount anytime at any nearest cheque-cashing location.
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Demand Draft
Another significant and safest way to send money to India is a foreign currency cheque. You can transfer your money to the beneficiary simply by depositing the amount to the bank.
Right after you deposit the amount, it will take 21 days for the receiver to credit the amount. You can also issue a demand draft to deposit to the NRE account if you have one.
This process seems daunting, but many still use this method because of the safe money transfer options and peace of mind. If the receiver can wait this long, you can use this method to send money back to India.
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Online Transfer
In the digital world, where you will find every service just a few clicks away, online money transfer is one of the seamless ways to send money to India. For this process, all you will need to do is log into a net banking account or mobile banking app that is safe and convenient to use.
While sending money online, many have concerns over security and safety features. But you will be surprised to know that the security features are beyond your expectations. To send money in a hassle-free manner, all you have to do is include the beneficiary’s personal bank account details.
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Bank or Wire Transfer
If you’re looking for a simple and best way to send money to India, a bank or wire transfer is the ideal solution for you. You can transfer money electronically from one financial entity to the other.
For this process, you can benefit from the SWIFT by sending money efficiently.
