Facilities For Nris To Transfer Money Online

By Author: Vijay K Shetty
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NRIs often face trouble when they want to transfer money to India. Many large banks now provide facilities that will help their NRI customers transfer money from their account to any account they want to.

Some of the facilities that NRIs can use to transfer money are:

Direct Transfer:

Direct Transfer is a convenient and quick online remittance facility that NRIs can use to send US Dollars to India. Direct Transfers by most banks uses the Automated Clearing House (ACH) network, which lets you stay at home and make secure money transfers online.

Bank Transfers:

Through bank transfers, NRIs can now send their money through a completely online method to send money from your home itself.
They can simply log on to their online bank account enter transfer details, quote their transaction ID on their remitting bank’s internet banking system and have the money delivered. This facility is mostly available in, EUR & GBP.

Wire Transfers:

Through wire transfers, NRIs can now send large sums of money faster than ever. They can now select this mode to transfer funds electronically ...
... from your overseas bank account to your receiver's bank account. Most banks have offered this facility for USD, EUR, CAD, GBP, AUD, SGD, AED, JPY and CHF.

Cheque Transfers:

NRIs can now encash cheques drawn on their bank account in US within no time at all.
All they have to do is write their cheque, enter the details in their account and mail it with a deposit slip to the Lock Box address mentioned in the deposit slip.

NRIs can now avail these convenient avenues to transfer money safely and quickly to India.

Vijay K Shetty.
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