Get acquainted by the different ways that an NRI can use to transfer money to India in a hassle free manner.

1. How NRIs can Transfer Money
to India

2. Who are NRI’s
Non-Residents Indian (NRI) is person who is
residing outside India temporarily and holds an
Indian passport in most cases for working or
studying. And many NRIs transfer money from
their residing country to home country. There
are a number of ways NRIs can transfer it.

3. Numerous commercial banks across India
offer money transfer services from abroad.
There are also other exchange providers
offering transfer services that are cost effective
and helps in boosting the country's financial
conditions. Here are the different ways in
which NRI Money Transfer is implemented in
India.

4. Money Transfer Ways
Numerous commercial banks across India offer
money transfer services from abroad. There
are also other exchange providers offering
transfer services that are cost effective and
helps in boosting the country's financial
conditions. Here are the different ways in which
NRI Money Transfer is implemented in India.

5. By Cheque:
This by far is one of the easiest formats to
transfer. On the side of the sender, this is very
easy and there is not much process involved that
would complicate the entire process. However,
this is not the case for those who will be receiving
the payment. There are a number of processes
involved and one more complex aspect is the
conversion of money into the local currency.
Timing can be a major aspect here also since the
currency rates change every day. One day, prices
can be good, while the other days, it could be
terrible. If they are misplaced, they cannot be
retrieved anymore.

6. Pay order
or
Cashier's Cheque:
In this form of NRI Money Transfer, the
sender has an assurance that his account is
not short of funds. The issue here is the same
as with the cheque. The money is on foreign
currency and that is why another set of
processes are done in order to convert it into
local currency.

7. Wire transfers:
In modern electronic methods, this is
considered as one of the fastest and safest
money transfer options. The payment is sent to
the receiver’s bank account directly from the
computer. In some banks, the receivers are
required to have accounts with them. In other
banks, this seems not to be a really big issue.
Choose the one that fits your needs the best.

8. Money exchange
services:
For a particular fee (regularly flat rate) this is
globally operating process and is very
convenient since mobile banking becomes as
easy as SMS messaging are widespread
across the nation and the world. The prices are
competitive and they also have other benefits
in Rupees.

9. Presentation By:-
Services2nri
https://www.services2nri.com

10. Presentation By:-
Services2nri
https://www.services2nri.com