How to Send Money to India from USA?

As of 2010, India was the number one destination in terms of remittances received. And one of the major contributors to that phenomenon, apart from the Gulf countries, was the USA.

But there are still many who find themselves at a loss when it comes to sending money 2 India. If you are looking for information on how to send money to India from USA , here is some useful information for you to get started.

There are a variety of ways

There are a number of ways of sending money 2 India. Some of the popular ones are wire transfer, issuing a draft, direct bank transfer, sending a cheque, as well as online money transfer. All of these methods differ in terms of security, convenience, the amount of time taken for the recipient to receive the amount and the service charges applicable. For example, a wire transfer takes about a couple of days to get processed, while a cheque or a demand draft can take upto 20 days to get processed, depending on the speed of the courier service. Of course, a wire transfer is much more secure than a courier service.

However, of all the ways available, online money transfer to India  is by far the best way of sending money to India. Here’s why:

Why online money transfer is the best?

It is safe- Compared to other options such as sending a cheque, a demand draft or even a wire transfer, online money transfer to India is one of the safest ways. Most people tend to worry about their financial information getting stolen by hackers in the case of online banking. However, all the banks have stringent security regulations in place to make sure that your financial information does not end up in wrong hands.

It is fast and convenient

Online banking is very fast and convenient. You can typically transfer money 2 India  using e-banking within 24-48 hours, which makes it very convenient indeed.

Lower service charges

When compared to other methods of remitting to India, banks and service providers usually charge lesser service fee for transferring money via the online medium. In other words, it means more amount of money for the recipient. There is also the case of competitive pricing in this convenient method of transferring money, hence making it a win-win situation for you.

But of course, it all boils down to your personal choice and convenience. Despite the advent of e-banking, there are still many who prefer a wire transfer or other methods mentioned above. Rightly so, you should always choose a method you are most comfortable with. After all, it’s money.