Methods of Transferring Money from India

1. Methods of Transferring Money from India

2. If you are someone who is currently working in India you would have surely felt that transferring money from India is not at all the difficult task because there are multiple options of transferring money from India that can be explored. Three of these ways are mentioned below :- • The first option is transferring the money with the help of the Indian government, • The second option is using the illegal method of transferring the money which is also called hawala and • The third and the most effective way is transferring the money using the online mode.

3. The most easy method of transferring remit money from India is the online mode because it saves a lot of time and work. • You do not have to even step out of your house to transfer your money.

4. This method is both fast and efficient and this is the reason that a large number of people use this method on a monthly basis to send remit money from India. • The other method of transferring the money are way too exhausting and they also require you to pay a large amount of money to send the money that you have earned. • The method used by the government has become old and outdated and thus, it consumes a lot of time and the illegal method of transferring remit money from India involves a lot of risk and there is a huge chance that the money will not reach the receiver and therefore, it is going to keep your anxiety levels constantly high.

5. Hawala or the illegal mode of money transfer remit is way too expensive and thus, you cannot use it more often and thus, you can make the transaction for a given number of times. • This forces you to send a large amount of money at a single time and this makes it even more risky and nobody wants such unnecessary worries. • The online mode of transferring remit money from India does involve some risks as there are various websites that are actively involved in scamming people online but these can be avoided by being aware about the website that you are using for the transaction.

6. You have to be double sure while using a website because there are a large number of interlopers who try to earn money by creating fake websites. • When you enter your credentials in these fake websites, your data reaches the hacker instantly and this makes your account and your hard earned money vulnerable. • You should also choose a reputed website for money transfer limit because they keep a permanent record of the history of transactions. • They also assure you that your credentials will remain safe at all circumstances.

7. Hence, by looking at the points mentioned above it is crystal clear that the online mode of transferring money is the safest and the fastest way of transferring remit money from India.