123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Why Is Remitting To India A Growing Option In The Future?

By Author: Neha Sharma
Total Articles: 108

You will find that many NRI travel to countries abroad for the purposes that include studying or working. They occasionally will send money to India to their families once they begin to earn sufficiently. In this article, we give you information why remitting to India is a growing option for the near future.

Faster processing time

In the earlier days, when one used to remit to India, you could use the options of wire transfer and pay checks. However, this method is very time consuming and does not work in the event of emergencies. With more and more options like online remittance and different banking accounts for NRI’s, where they can easily remit to Indiafor their families. The families in India will have easy and direct access to these banks accounts and easily withdraw money. However, they have to be a registered as the co- applicants on the account before they can access the funds. Certain accounts also allow fellow NRI’s to be a co applicant to access the funds in this account too.

Low fees

Previously, if you used the traditional methods to remit to India, one would have to pay fees as service charges, which used to be extremely high. However, the latest options to send money to Indiaare cheaper. It does not take a lot of funds to open an account and run it. There will be low fees charges for the transfer of a certain amount of money if the amount that is being transferred is lower than the prescribed amount. When you are going to remit to India, different international countries have different amount of fees to be paid as services charges.

Increasing options of remitting

With more and more advanced remittance options for NRIs, it will continue to get easier than ever before. Yet, there is a huge community in India that aspires to become NRI. With the lucrative job opportunities, better lifestyle and infrastructure, a lot them seek the chance to become NRI and earn the huge income. This happens to become a new lifestyle for some while others look at these additional funds as the funds for retirement. So, either way, people continue to remit to India and the NRI community finds a way to send money to India and the foreign currency finds its way into Indian hands. So, with the growth of this trend, the remittance to India will grow as well.

Author Bio :- Neha Sharma is a finance student who loves to write about remittance to India and more. She wishes to share all relevant information on how to send money to India and remit to Indiaso that the publiccan understand the benefits of using it if any of their relatives are travelling abroad.

Total Views: 52Word Count: 454See All articles From Author

Business Articles

1. Advantages And Disadvantages Of Concrete Staining
Author: Ben Lager

2. What To Look For When Hiring An Ocean Freight Shipping Company
Author: William Santos

3. Top 4 Advantages Of Concrete Coating
Author: Ben Lager

4. Centrifugal Blower Manufacturer In India|centrifugal Blower Fan
Author: sara

5. Building A Modern Architecture Homes- Planning And Concept
Author: Leila Adam

6. Thorough Proofreading Finesses Documents, Raises The Organization’s Reputation
Author: NetZealous LLC, DBA TrainHR

7. Design And Build Contractor Singapore – Get The Best Services From Interior Renovation Contractor!
Author: James Han

8. Meishen–a Bright Star In Magnesium Oxide Industry
Author: hu Allen

9. Grow Customer Base And Market Presence With Pharmacist Email Lists For Your Business Campaign
Author: Adam Tyson

10. Adapt New Forms Of B2b Communication With Infection Control Directors Mailing List
Author: Andrew Rayel

11. Moby Wrap Baby Carrier
Author: babycarriersaustralia21

12. Care For Your Deck
Author: Blue Star Carpentry has been specializing in custom decks for over a decade. When you sit outside wi

13. How Does A Small B2b Company Increase The sales?
Author: Mohit Yadev

14. Latest Job Vacancies In India
Author: careersresults

15. Why Are Aap And Congress Supporters Opposing A Tax Reform Like The Gst? Are They Anti-nationals?
Author: Mohit Yadev

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: