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6 factors affecting online money transfer to India.
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Exchange Rates • Exchange rate is the price of one currency in terms of another currency. • For e.g. the rate of dollar in Indian currency. This is the most important point you have to consider while sending money to India. • As different money transfer agency offers different rates, compare and select the agency which offers the best exchange rates.
International Money Transfer • Most of the agency charge fees for the transfer, which needs to be paid. • This amount can be fixed or a percentage of the amount to be sent. • Try to select the agency which have the fixed charge, when a large amount is to be transferred. FEES
Money Transfer Provider Reviews • Check whether the money transfer provider that we are using for money transfer is authorized by appropriate body to carry out International money transfers.
Speed of Money Transfer • The time required to reach money to India should be estimated and minimum. • Check for the estimated time and does the amount gets transferred within the given time.
Customer Support • The customer support should be 24/7 and capable of solving our queries at any time.
International Money Transfer Security • Be sure with the agency for the security measures they take for every International transfer. • Reaches the exact destination. • Personal Information is not leaked out.