Personal Checks and Cashier's Checks
You can use personal checks to send money to India. Just write the amount you want to send in dollars and send it to the person you want to send it in India. The recipient who gets the check can deposit the check in his bank in India. This process is lengthy and it takes 15-21 days. The exchange rate at that time determines how much money the recipient will receive.
You can also use Cashier’s Checks to send money to India. Make a Cashier’s check in dollars and send it to your recipient. The recipient will encash it. The encashing procedure is faster than personal check. But there is a charge of $8 -$10 for encashing the check.
Demand Drafts in Rupees
Some banks like SBI offers demand draft facility. You can make DD (Demand Draft) in Indian rupees. Then mail it to the recipient in India. Visit the bank’s websites to find out more links about it. It takes some time as the check takes time to travel to the recipient.
WireTransfer
Wire transfer can be another fast method to send money to India. Many banks like ICICI, Citi bank, HDFC, SBI etc offer such services. This is a fast service and you can send the money within a few days. There will be a charge for such tranaction which will vary according to the bank.
Western Union
Western Union is a money transfer service which you can use to send money to India. This is a fast process and you can get money instantly. There is a charge for sending money to India. There are agents working for this system. The charge is generally high.
MoneyGram
MoneyGram is a money transfer facility through which you can send money to India. You can send money real fast through MoneyGram. There are agents which work for MoneyGram system. By using cash or credit card you can do the transactions.
Online Services to send money to India
Clicks2India –You can send a payment which the recipient get fast. You can pay the amount to be sent through your credit card. The recipient gets the money in the form of a check from the local bank. The charges are less.
Remit2India (www.Remit2India.com) – It is a service offered by Times of India. You can pay the money using different ways like check, wire transfer etc. The recipient gets a DD.
Money2India – This is a service offered by the ICICI bank. Various services are offered to send money to India. You can send money to ICICI bank account or other bank accounts.
Moneybookers - Open your Moneybookers wallet, fund your Moneybookers wallet, send money to anyone’s email.
Rupee Checking Accounts
Citibank offers this service to send money to India. This program has several features and it is advantageous.
Links you may find interesting -
- Know the Swift Number of Your Bank
- ICICI TV Banking
- Service for HDFC Credit Card is very poor - Take it on your own risk
- Banks offering student Bank Accounts
- How to get a personal loan? Its Easy
September 3rd, 2007 at 8:16 am
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