No doubt, this is a tricky question. There are plenty of options that is available to those who want to best way to send money to India or abroad. But how do you know which is the best option? You would obviously possess additional requirements when sending funds. Let us consider a few factors that will assist you in making the right decision, which considering these requirements:
Send money: Speed
Sending funds abroad or even locally needs to be a strategic decision. If you are going to send fund, surely you would not want to sit for days on end waiting for it to be deposited in the receivers account. Additionally, you would not want any major delays, which will not only be stressful but also lead to wastage or additional resources to rectify the mistake. You would want to know when your funds would arrive and be confident when it gets deposited. Certain options like bank accounts, online transfers and other similar options make for the best way to send money to India. Choose the option which provides you with the ideal timeline or even an estimated time period. No doubt, these tenures will change depending on the source where you are sending the funds from, but it is best if you aware of the time period.
Send money: Support
There is a vast difference in the quality of service when sending funds locally and abroad. No doubt, even the outcome for such options can change depending on the influencing factors. In this occasion, you may have several queries regarding the money transfer. You would want to contact someone who would provide you with the ideal response and reassure you. A well responsive customer service is the ideal option. In this, approaching a humane individual who would understand your situation and provide you with the right clarification. The response should be quick and convenient in addition to this. Several banks have dedicated customer services that is available to your discretion around the clock.
Send money: Cost
One of the main factors when considering the best way to send money to India is costing. Costing of a transfer does not include transferring of funds alone. It will also include additional charges like service charge, currency conversion charges in addition to several others. However, very often, several vendors and financial institutes do not communicate a clear or transparent service charges. Consequently, when you are making a transfer, the attempt may be rejected due to insufficient funds. Alternatively, you may have to pay additional funds if the transfer goes has already gone through successfully.
In addition to these factors, there are several other factors that need to be taken into consideration before choosing the best way to send money to India or abroad. However, the choice lies solely on your requirements alone. Therefore, consider all available options against your requirements before you make your decision.
Source : articlesbase.com
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