Tips on Sending Money to India
One of the frequently asked questions by Indians in the U.S. is "How do I send money to my family back in India?"
There are several ways to send money to India. The amount of time it takes, along with cost and level of security vary for each service.
When remittances to India are processed through on-line/real-time facilities such as ATM Cash, the money is made available to the recipient in India virtually instantaneously since the credit to his/her deposit account is posted in real time.
Often sending money online is easiest and quickest way to get money to India. These services allow you to send money 24/7 from your computer.
An ATM or debit card is another way to guarantee a quick transfer. If the recipient is a family member or someone trusted, it can be helpful for them to have a bank card linked to your account.
As long as you are comfortable with the recipient having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine.
If you would like the recipient to have a card linked to your account but do not want them to have unlimited access to the funds, then a pre-paid debit card is another alternative. The debit card works just like an ATM card except that the recipient will not have access to the money until you have re-filled the debit card.
Another way that many people find useful in sending money to India is through opening an account with a bank that has branches in both India and the U.S. This way you can ensure easier withdrawals or transfers.
These are some of the easiest, quickest and safest ways to send money to family in India.
There are several ways to send money to India. The amount of time it takes, along with cost and level of security vary for each service.
When remittances to India are processed through on-line/real-time facilities such as ATM Cash, the money is made available to the recipient in India virtually instantaneously since the credit to his/her deposit account is posted in real time.
Often sending money online is easiest and quickest way to get money to India. These services allow you to send money 24/7 from your computer.
An ATM or debit card is another way to guarantee a quick transfer. If the recipient is a family member or someone trusted, it can be helpful for them to have a bank card linked to your account.
As long as you are comfortable with the recipient having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine.
If you would like the recipient to have a card linked to your account but do not want them to have unlimited access to the funds, then a pre-paid debit card is another alternative. The debit card works just like an ATM card except that the recipient will not have access to the money until you have re-filled the debit card.
Another way that many people find useful in sending money to India is through opening an account with a bank that has branches in both India and the U.S. This way you can ensure easier withdrawals or transfers.
These are some of the easiest, quickest and safest ways to send money to family in India.
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