Immigration is common in this world, with people relocating to different nations of the world to take up lucrative jobs in those nations. Many Indians too have relocated to various countries for the sake of employment and have settled down there permanently. For these Non-Resident Indians (NRIs), remitting money to India to assist their relatives there is important. This money is used by relatives for personal expenses, home maintenance, educational expenditures, etc. Transferring money to India is at the top in the list of priorities of NRIs. When searching for ways to send money online to India, they look for the cheapest and safest option. Online remittance, the latest solution in the remittance market, has provided an answer to this search of NRIs.

Many NRIs send money online to India because of the fast, secure and user-friendly money transfer offered by online remittance companies. Before you send money online to India, you must, however, do a thorough comparison of the available online remittance services and opt for the most convenient option.

Past remittance methods

Earlier, remittances used to occur through bank cheques, demand drafts and pay orders as well as money transfer agents. The major drawback associated with these methods was that remittances reached the recipients after a long time. Some financial institutions may retain a person's funds for two-three weeks, after which the money transfer will happen. Different financial institutions have different sets of procedures, which they need to follow. Money transfer agents may not be available round-the-clock and seven days a week. Therefore, such methods are inadvisable for those who want quick money transfer. Also, one has to visit banks and financial institutions and complete tedious paperwork to initiate such transactions.

Usefulness of online remittance

Therefore, online remittance services are handy for those people, for whom transferring money to India quickly is important. Online remittance services are available 24*7 and throughout the week and can be done from the comfort of home. Online transactions can be tracked anytime with a unique transaction number. Online remittances services provide multiple delivery modes and can transfer money to virtually any nation of the world. Transfer fees are minimal or nil depending on the amount remitted and the nation, to which it is remitted. All online remittance transactions are encrypted, which prevents theft of your confidential transaction data.

Thus, online remittance services have streamlined the money transfer operations by their efficiency, user-friendliness and cost-effectiveness. Thus, you can enjoy a stress-free and smooth experience with online remittance services.