Non-Resident Indians (NRIs), who form a huge remittancegroup globally, are strongly attached to their motherland despite stayingthousands of miles away from it. They are happy to utilise those remittanceservices, which enable instant moneytransfer to India. By remitting money to their relatives in India forvarious purposes, NRIs stay connected to India. One such mode of remittance to India for NRIs is the online remittanceservice, which is quite popular. The main reasons behind the popularity of onlineremittance are the efficiency, quickness, transparency and security of theseservices.

Better exchange rates plus lowtransfer fees

Online remittanceto India is favoured by NRIs also because such services generally offerlower/zero transfer fees and better exchange rates. NRIs value cost-effectiveremittances to India, which is why online remittance seems so attractive aproposition for them.

Traditional remittance methods like DDs, money transferagents and global courier services generally demand higher transfer fees andadditional service charges. Those people, without access to the Internet, stillrely on these conventional remittance methods, for which they have to visitbanks and do tedious paperwork.  Suchmethods take more time to reach the recipient. Sometimes, there is no way oftracking the status of these transactions, which will create uncertainty in theremitter’s mind.

Safe and protected transactions

Instant moneytransfer to India through the online medium provides you with advantageslike round-the-clock customer support and state-of-the-art technology. Thesefacilities ensure that the details of your transaction are kept confidential.Another nice aspect of online remittance services is that your money isuntouched during the transactional process. It securely reaches the beneficiary’sbank account within 3-4 working days depending on the nation, to which the money transfer is made.

The online money transfer service provides you with a chance to track the status of your transactions. You will thus be constantly aware oft he progress of your transactions. There will be no uncertainty regarding thestatus of the transactions at all. The NRI remitter will receive regular updates via SMSes/emails regarding the status of his transactions.

 Convenience

NRIs need not visit the bank personally to initiate an online remittance to India.There is no need to go through taxing paperwork in a bank to initiate an online transaction. You need not experience long queues as well. All you need to do isregister online with an online remittance company, for which you will have to provide your name, account data, remittance amount, your bank name, youraddress, your driving license number, passport number, etc. Your beneficiary’sname, bank name, account data and related information will also have to be submitted by you online while launching a transaction. The bank also provides you with a Transaction ID and a password. After that, you can begin to remit money.

With just a few clicks online, your remittances to your loved ones are initiated sitting at home.