subject: Money transfer to India: How to do it safely? [print this page] Money transfer to India: How to do it safely?
India is a country in the East experiencing fast economic growth and development. Slowly, India is becoming the center of attention for foreign investors especially with the act of doing money transfer to India. Money transfer to India has put in money to circulate in their economy. Well we are not saying we're economics expert but it we are pretty sure the Indian's are doing well for themselves because of the growing trend of outsourcing business processes like customer service. A lot of contact centers are now located in India, China and the Philippines because of the Cheap and quality labor. Money transfer to India is now easy because of the growing opening of industries and business in India that caters specifically for foreign money transfer.
For example, we now have local banks that before did not really cater for foreign money or rather foreign exchange but now there are already foreign owned and controlled banks already operating in India such as Citibank. There's also third party pay-forwarders such as western union with their millions of branches world with they have in India alone more than 100,000 local branch so anybody in India is probably just living in a walking distance from any Western Union branch.
Ways to Money transfer to India
Other pay forwarders such as Paypal or Xoom which allows online money transfer from anywhere around the world can easily connect with local banks in India which is the same with local banks in the Philippines. Transferring funds to your bank account in your local bank is easy as long as you have it connected with Paypal or Xoom. Money transfer to India is even easier especially for those working at home with foreign employers
A lot of people ask us, is money transfer to India safe? And we always answer yes, and not because we have vested interest because we do know that with proper education and knowing which services best suit you is a good way to protect yourself from scammers.
To be safe when it comes to money transfer to India, Make sure you have all the data needed to transfer the money if you are suing a third party pay forwarder. If you are using western union, make sure you got the correct name and address of the person you are sending it to and make sure to get the tracking number of your money and give that to the person. Make sure to instruct that person you doing money transfer to India with to not lose that number and present it to the Western Union branch they chose to go to, to be able to withdraw the money you sent them.
If you are fond with online money transfer to India, then make sure you have a very secure password preferably a password which only you know linked to an email that is also safe and secure. Never give your password to anybody because you could be a victim of scams.
Money transfer to India is easy and safe if you come to think about it and be vigilant enough to protect yourself from scammers.
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