NRI Money to India: A Detailed Remittance Guide for NRIs


Remittance services play a vital role in the lives of NRIs working in all the different parts of the world. If you’ve recently moved to a foreign country, then this post will help you understand the basics of international remittance.

NRI Money to India

With more than 1.75 crore Indians living in foreign countries, India is one of the leading countries of origin for international immigrants. The majority of Indians move abroad in search of better professional opportunities. After moving to a foreign country, such Indians regularly send money to their families in India. As a result, international remittance becomes a regular affair.

While remittance services are now easily accessible and highly affordable, things can appear confusing to Indians who’ve recently moved to a foreign country. To make things easier, here are some crucial details about international remittance that every NRI should know-

Online or Offline Remittance?

One of the biggest confusions for most new NRIs is whether they should select an online or offline remittance service. While offline remittance was the go-to option in the past, most NRIs now prefer online transfers as they are quick, secure, and cost-efficient.

With online remittance, NRIs are not required to visit any agent for sending funds to India. They can use an online platform or even a mobile app to transfer funds 24×7. Moreover, some of the remittance service providers offer features like real-time tracking, exchange rate calculator, confirmed exchange rate, and more for enhanced convenience.

How to Select an Online Remittance Service Provider?

Like any other service provider, an excellent reputation is a must, especially when matters are related to money. With the increasing popularity of online remittance, there are now hundreds of service providers available. But the majority of them have come into existence in the last few years.

It is better to select a reputable service provider that has been in the business for a long time. The remittance services of such companies are known to be highly secure, and even the exchange rates are highly competitive. You can also select a top Indian bank as many of them now offer online remittance services.

What are the Fees and Charges Associated with Online Remittance?

Apart from the exchange rate, you should also check other fees and charges associated with the transfer. Most service providers charge a money transfer fee, which can either be a flat fee or a certain percentage of the amount you’re transferring.

You can visit the official website of the service provider to know more about such charges. The service provider should be transparent about such charges, and there should not be any hidden fees involved. After selecting a service provider, try to send a smaller sum to your beneficiary in India first. If everything is in order, you can then consider sending larger NRI money to India transfer.

Sending International Remittance to India

Money-related matters should always be dealt with the utmost care and attention. Keep the points mentioned above in mind if you’ve recently moved to a foreign country and want to send funds to India.

Prefer reputed Indian banks for your international transfers to ensure that your hard-earned money reaches your recipients in the most secure and convenient manner.

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