Fast Ways to Send 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.
These kinds of services are ideal when you need to get money to India as soon as possible.
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.
The recipient would have a card and PIN number in order to access the money in your account through an ATM machine.
If you would rather not allow the cardholder unlimited access to your account, a pre-paid debit card could be the way to go. It works the same as an ATM card except that the recipient will not have access to funds until you have re-filled the debit card.
Another way to ensure easier transfers or withdrawals is by opening an account with a bank that has branches in both the U.S. and India.
These are just some of the ways in which you can send money home 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.
These kinds of services are ideal when you need to get money to India as soon as possible.
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.
The recipient would have a card and PIN number in order to access the money in your account through an ATM machine.
If you would rather not allow the cardholder unlimited access to your account, a pre-paid debit card could be the way to go. It works the same as an ATM card except that the recipient will not have access to funds until you have re-filled the debit card.
Another way to ensure easier transfers or withdrawals is by opening an account with a bank that has branches in both the U.S. and India.
These are just some of the ways in which you can send money home to family in India.
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4:53 AM
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