subject: Money with No Borders! – Money Transfers made simple [print this page] Money with No Borders! Money Transfers made simple
Family ties go beyond borders but unfortunately cross-border transfer of money is often seen to be less than simple and easy. But more recently, there have emerged plenty of ways to make money transfers to India. Here are three methods, which possibly will assist you a lot in case of making such important transfers.
To get the best option, it is important you evaluate all options provided by your preferred banks.
A few banks have made it simpler than ever to send money to countries, especially for India. At times, the bank charges $ 5 to remit money from a single bank-account to another bank-account in India and $ 7 to draw on cash rather than your checking bank-account. The transfer of money in most cases is immediate. This means it takes just a few moments to make the transfer. To make things simpler, it helps if you have an NRI account with the bank with its branches in India. In such cases, it is free of charge to transfer your money. Many banks now offer exceptional services like the capability to remit a Rupee Draft. This makes it possible for the money to be accessible in India in only three working days. These types of programs are ready to lend a hand and come within a reasonably priced rate or may be free for account holders of the bank.
To help in money transfer, you need to open an account, which you and your family both could access. How do you know the best way to transfer money? Make a choice of a bank, which exists in both the India as well as in the country of your residence. Many Indian banks have their presence in a growing number of foreign nations. Let your family, friends or whoever you would want to access your account, know the account information. In this fashion, you would be able to put down money into the account, and they would be able to take it out also as required. There may be zero charges levied on transfers made in this fashion. It certainly is one of the fastest ways to transfer money.
You are recommended to make use of a pre paid debit-card. If you chose this way as the best way for you to transfer money, you should ensure that your correspondence in India also has access with the help of a debit card. Ensure secrecy in case of knowledge about the PIN and other essential details.
In the present infrastructure and customer-centric climate, it is extremely simple and easy to transfer money to your loved ones from whichever country you reside in!
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