Immigration is common in this world, with people relocatingto different nations of the world to take up lucrative jobs in those nations.Many Indians too have relocated to various countries for the sake of employmentand have settled down there permanently. For these Non-Resident Indians (NRIs),remitting money to India to assist their relatives there is important. Thismoney is used by relatives for personal expenses, home maintenance, educationalexpenditures, etc. Transferring moneyto India is at the top in the list of priorities of NRIs. Whensearching for ways to send money online to India, they look for the cheapestand safest option. Online remittance, the latest solution in the remittancemarket, has provided an answer to this search of NRIs.

Many NRIs sendmoney online to India becauseof the fast, secure and user-friendly money transfer offered by onlineremittance companies. Before you sendmoney online to India,you must, however, do a thorough comparison of the available online remittanceservices and opt for the most convenient option.

Past remittance methods

Earlier, remittances used to occur through bank cheques,demand drafts and pay orders as well as money transfer agents. The majordrawback associated with these methods was that remittances reached therecipients after a long time. Some financial institutions may retain a person’sfunds for two-three weeks, after which the money transfer will happen.Different financial institutions have different sets of procedures, which theyneed to follow. Money transfer agents may not be available round-the-clock andseven days a week. Therefore, such methods are inadvisable for those people,who want quick money transfers. Also, people have to visit banks and financialinstitutions and complete tedious paperwork to initiate such transactions.
Usefulness of online remittance

Therefore, online remittance services are handy for thosepeople, for whom transferring moneyto India quickly is important. Online remittance services are available24*7 and throughout the week and can be done from the comfort of home. Onlinetransactions can be tracked anytime with a unique transaction number. Onlineremittances services provide multiple delivery modes and can transfer money tovirtually any nation of the world. Transfer fees are minimal or nil dependingon the amount remitted and the nation, to which it is remitted. All onlineremittance transactions are encrypted, which prevents theft of yourconfidential transaction data.Thus, online remittance services have streamlined the moneytransfer operations by their efficiency, user-friendliness andcost-effectiveness. Thus, you can enjoy a stress-free and smooth experiencewith online remittance services.