NRI Banking

With advanced technology transferring money from one country to another has become easy. There were times where transferring money was difficult as one has to wait for the right exchange rate and transaction cost. Now remitting money back home can be done through convenient modes. · International Wire Transfers Wire transfers or telegraphic transfers are one of the most common ways to transfer money to India from abroad, and they usually take the form of bank-to-bank transfers. You would need to approach your bank to know about the exchange rates and the applicable charges. · Digital Remittance Services Online money transfer services offered by many Indian banks are far the most convenient and quick solution to all your remittance worries. These are the most affordable transfer options in the market as they charge zero to nominal fees. Many big banks provide online remittance services through an online portal for their account holder to make it easy with just a few clicks · Forei...

Indians living abroad or Non-Resident Indians (NRIs) send money back home for a variety of reasons, but for those who have moved abroad recently, determining the best way to remit money to India can be a daunting exercise. Because transferring money home comes with a set of options and doubts — is this the best exchange rate, what is the most convenient and efficient way of transferring money, what is the fee charged, is this service provider trustworthy, and so on. If you are an NRI and have some similar questions, then let’s discuss some of the most popular methods to transfer money to India . International Wire Transfers Wire transfers or telegraphic transfers are one of the most common ways to transfer money to India from abroad , and they usually take the form of bank-to-bank transfer. The sender (NRI in this case) has to go to an institution like a bank or other agencies like Western Union, or Remit2India and can transfer funds from his local overseas bank to his NRI bank account...