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TIPS ON ONLINE MONEY TRANSFER TO INDIA

This presentation includes the answers to the question, like why there is need for online money transfer. It also includes various tips that one must consider while transferring money online. Read this presentation for information

KateBrown
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TIPS ON ONLINE MONEY TRANSFER TO INDIA

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  1. TIPS ON ONLINE MONEY TRANSFER TO INDIA

  2. NEED TO TRANSFER MONEY TO INDIA • To provide funds for loved ones back in the country • To pay bills and other expenses of property • To save money back in Indian banks

  3. TIPS TO CONSIDER WHILE TRANSFERRING MONEY

  4. CHECK THE MODE OF TRANSFER • Bank Wire-transfers • Online Money transfer • Pay-Pal • Western Union • Personal checks • Bank drafts, cashier checks, Money Orders

  5. CHECK THE SPEED OF DISBURSEMENT • Bank transfers usually take around 24 to 96 hours • Checks requires 7 to 15 days to get processed • Remittance may require three to 30 days • Debit cards transfers require 1 to 4 days

  6. COMPARE THE EXCHANGE RATE • Banks offer the best foreign currency exchange rates • Money Transfer bodies such as Western Union consider spot exchange rates • Remittance services can offer you better exchange rates, but they carry extra fees

  7. CHECK THE COST OF SERVICE • International wire-transfer system is comparatively costlier • Money transfer services charge nearly 25-30% commission • Certain services also charge extra processing fees

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