Want To Send Money To India? 5 Reasons Why Online Transfer Is A Smart Choice

By Author: Reuben Williams
Total Articles: 4
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A large number of Indians move to foreign countries like the USA, UK, Canada, UAE, Singapore, etc. every year in search of better professional opportunities. A common need for such Indians after moving abroad is a reliable money transfer service which they can use to send funds to their family back in India regularly.

While offline agents were a preferred option in the past, online transfers are getting more popular now. If you have recently shifted to a foreign country and want to send funds to India, here are five reasons that make the online transfer a smart choice-

1. Better Exchange Rates

One of the most important considerations for every NRI wanting to send funds to India is the exchange rate offered by the service provider. As compared to offline agents, online transfer services are generally known to have better exchange rates.

Even the transfer fee is mostly lower for online transfers. Moreover, some Indian banks do not charge any transfer fee above a certain amount.

2. Faster Transfers

While the speed of offline transfers has improved significantly in the past few years, online transfers are still faster. For instance, while a USA to India transfer with offline agents could take 3-5 working days, an online transfer might only take 1-2 working days.

Moreover, if you are using the transfer service of a bank and you and your recipient have an account in the same bank, the transfer can be even faster.

3. Easy Transfer Tracking

Most of the online transfer service providers allow you to track your transfers easily. You get a reference number after the transaction is initiated which you can use for tracking the transfer in real-time.

This will ensure that you are always fully aware of where your funds are and when they will reach your recipient in India.

4. Saves Time and Efforts

Needless to say, online transfers eliminate the need for NRIs to personally visit any offline agent, helping them save time and effort. The online transfer platform is available 24x7, and you can use the same anytime you like. Some of the service providers also have mobile apps for instant transfers.

So, irrespective of whether it is day or night or whether you are at home, office, or traveling, you can send funds to your family anytime you like with online transfers.

5. Direct Deposit into the Bank Account of Recipient

With a lot of offline services, your recipient is required to visit the nearest branch office of the service provider you have used for collecting the amount you have sent. They then have to visit their bank in order to deposit the amount in their bank account.

But when you send money to India with the online transfer, the amount is directly deposited into the bank account of the recipient. In other words, online transfers also prove more convenient for your recipients.
Online Money Transfer: Safe, Reliable, and Cost-Efficient
As you can see, several reasons make online transfers a far better choice as compared to offline transfers.

Look for a reputed Indian bank offering an online transfer facility to send funds to India in a fast and reliable manner while also getting a higher value for your hard-earned money.