Digitization and growth of fintech companies are continuously simplifying the lives of people looking for reliable financial solutions. If you are an ex-pat citizen looking for ways to send money to your loved ones in India, there are several options.
International money transfer services have mobile apps that allow you to send money to India. These services have nominal fees and offer several options for cash pickup or bank deposits. This guide looks at how you can use the mobile apps of international money transfer services to send money to India seamlessly.
How to transfer money to India through a mobile app
Here are a few simple steps to transfer money to India through a mobile app of an international money transfer services provider.
- Download the mobile app from Google Play or Apple Store.
- Create an account on the app by signing up with your email address and mobile number. Ensure to set a strong password to protect your identity.
- Begin the money transfer process by selecting the recipient’s country, choosing the transfer method, and adding the amount. Remember to check the exchange rate and transfer fees before initiating the transaction.
- Make sure you add the recipient’s details accurately to avoid delays in the transaction.
- Pay for the money transfer by choosing the option you like.
How to get the best rates for money transfers to India
There are a few things you can do to get the best rates for money transfers to India:
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Compare exchange rates
Different providers offer different exchange rates for international money transfers. Keep in mind that the exchange rate can fluctuate over time, so it is a good idea to compare rates at the time of your transfer.
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Consider the fees
In addition to the exchange rate, you will also want to consider the fees that the provider charges for the transfer. Some providers charge a flat fee, while others charge a percentage of the amount. Be sure to compare the total cost of the transfer, including both the exchange rate and the fees, to find the best deal.
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Use a service with a strong reputation
It is vital to choose a reputable and trustworthy provider for your international money transfer. Look for a provider with a strong track record and good customer reviews.
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Consider the delivery method
Different providers offer different options for how the money will be delivered in India. Some possibilities include bank deposits, cash pickup, or mobile wallet transfers. Each method has advantages and disadvantages, so consider which option is best for your needs.
How much does it cost for an international money transfer to India
The cost of an international money transfer to India can vary depending on the provider you use and the amount you want to send. Some providers charge a flat fee for the transfer, while others charge a percentage of the amount.
In addition to the fees charged by the provider, you may also be subject to other costs, such as exchange rate margins. Bank charges also apply if you use a bank account to send or receive the funds. To get an idea of the total cost of your international money transfer, compare the exchange rates, fees, and any additional charges offered by different providers.
Send money today to India with Orient Exchange
Orient Exchange is an RBI-authorized international money transfer services provider. We offer hassle-free services that give you the best value for your money. Our rates are highly competitive and the best in the market.
We also do not have any markups or hidden charges that increase the transaction costs. Your recipient can expect to receive the money within a day when you transact with us. Contact us today to know more details about our money transfer services.
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