There are several modes of international remittance so make sure you choose an option that is not only safe and quick but also helps you save money on each transfer.
Online remittance agencies are considered one of the quickest and most cost-effective modes for money remittance to India. Such agencies eliminate the hassles of international remittance, making sure that the sender saves money and recipient gets maximum of what is being sent.
If you have chosen a reliable service provider, you will get competitive exchange rates and low transfer fees. Compared to sending money through a bank, money transfer rate to india is cheaper. Banks charge a high transfer fee and their currency exchange rate is also high compared to what online agencies offer.
There are several online money transfer agencies in the market so make sure you have chosen one that is reliable and licensed to carry out global remittance services. Almost every remittance agency claims to offer the lowest rates to woo customer but not all can be trusted. It is recommended to do some research in order to choose the best option.
The best way of finding a trusted remittance agency is to ask your friends and family. If they use a similar service for sending money to India or abroad, get the agency’s contact details. If you don’t have references, it is best to use the internet to find a good option.
Narrow down three to four agency names and check their official website to look for client testimonials and other details. You can get in touch with each agency to find out more information about their safety policies, rates and other details. Compare the details obtained by all agencies to make a final choice.