Remit Services to India

Remit2India

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Sending Options:

• ACH (automated clearing house)Transfer: It is an electronic fund transfer (for US Banks only) that enables you to send money without mailing a check or physically visiting a bank .Just login,debit your US bank account and it will be credited to your reciever`s account in India. It takes three working days to reach the funds to receiving bank in India.
• Check Transfer: Mail a check to local address in US (Remit2India office). It takes seven business days for your funds to reach in the receiver bank`s account in India.
• Wire Transfer: It enables you to transfer fund electronically from one account to another.It takes two business days for your funds to reach to the receiver`s account. There is no upper limit to sending the money.
• Guaranteed Rate Transfer: It enables you to fix the transaction rate when booking a transaction. A web based transaction is effected via ACH Transfer with a direct debit to your US account.
• Credit Card: Just need to swipe the credit card and money from your US Bank account can be send to over 90 banks in India in two working days. There is an upper limit of U.S.D1000 with this kind of transfer.

Receiving Options:

• Direct Credit: Your remittance is directly credit to the bank account of your family in India.
• Demand Draft: If the benificiary in India does not have account with any of money transfer partner banks then a locally payable demand draft in Indian Rupees can be delivered to you.
• Remittance Card: It is a preloaded card with no upper limit on sending the remittance amount. This scheme is designed in association with Axis Bank Ltd in India. It could be cashed from over 15,000 VISA ATM`s in India or could be shopped at over 130,000 merchant locations spread across India.

Procedure to effect the transaction with Remit2India

• Create your account online.
• Enter your US Bank account Details.
• Enter your Indian Bank account Details.
• When you book your first remittance, they will verify your US Bank Account by creating a dummy credit – debit transaction. Once, you confirm this transaction with the amount that was credited – debited to/from your account your account is activated.

Advantages of Remit2India

• No need to carry cash.
• Competitive exchange rates.
• Remittance insurance available.
• Status tracking facility available to track the status of your remittance.
• Lower service charge.

Disadvantages of Remit2India

• The account verification and first remittance verification process takes almost 7 business days. It is only for the first time though.
• Need to email customer service for any concerns and it takes minimum of 3 business days for them to respond.

Useful Links about Remit2India

• Home Page
• Exchange Rates
• Transfer Fees
• Delivery Time
• Service Charge Rates
• Toll free number: 1-888-73648-83(US & Canada)