Remittance to india
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Transcript of Remittance to india
Top 6 Methods of Remittance to India
There are different types of methods for remittance to India. The trusted and popular ways by which people abroad send money to India include:
By this method, you can send money in two days. The presence of banking codes and routing codes in this method makes
it secure.
Wire Transfer
This is the simplest process of remittance to India. You just have to write a cheque and deliver it to the recipient. The recipient can
cash it from his bank. You can send the cheque via overnight courier services to reduce the
time period.
Foreign Currency Cheques:
These money orders are provided by the banks, by which you can send money to your loved ones in India. You can easily buy one from your local bank and send it via mail. This is a secure method to send money, but it takes time.
Money Orders
This method is similar to sending a bank draft. This is normally preferred by businessmen. It is a time consuming but safe method.
Foreign Currency Drafts
This is a like debit card. You can buy a card on behalf of the recipient. The recipient or the family
member can use this as an ATM card and shopping card. All you have to do is to recharge it regularly. It is the least time consuming method of
money remittance to India.
Remittance Card
Direct Deposit
This method is good for those people who have to send money home on a regular basis. In this method, you allow an Indian bank to withdraw money from your foreign bank account. The recipient can collect that money from the bank.
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