When you need to send money to India, there will be a number of money sending services, so you may be questioning “what is the best way of sending money to India?” Whatever your currency requirements and however regularly you will need to send money to a bank account in India, you will want to find a service that enables you to send money cheaply to India, so you will need a service with low transfer fees and a good Indian Rupee exchange rate. You will also want to find a service that provides and easy way to send money to India, such as online money transfer to India.
What services are available?
A bank
Sending money through a bank is an obvious solution as the money can be sent directly from your bank account to the recipient’s. However, this is often an expensive way to send money overseas as banks charge large transfer fees and offer poor exchange rates meaning you will get less Indian Rupees for your money. It can also take a number of days for the money to reach the recipient’s account with a bank, around 3-4 working days and it is not an ideal way to send money to India as you have to visit the bank each time you wish to send money.
Money sending bureaux
A money sending bureaux like Western Union or MoneyGram is another service that you can send the money to India through. Many providers offer both an online money transfer service as well as a network of shops. While this can also be a fast way of sending money abroad as they often offer a faster payment service, sending money through a money sending bureaux can also be expensive as they charge significant transfer fees and offer uncompetitive exchange rates that are fixed, so you will not be able to benefit from a favourable exchange rate if one comes available.
Is there an alternative?
A foreign exchange specialist such as Xendpay
This is an ideal alternative to a bank or a money sending bureaux when sending money to India. We are foreign exchange specialists and have helped tens of thousands of people each year to send money worldwide, cheaply and simply. As we are money transfer specialists we are able to buy our foreign currency in large volumes at a better exchange rate, which allows us to pass these savings on to our customers so we can offer a more competitive exchange rate for the India Rupee. Why not compare our exchange rate?
Not only do we provide our customers with market leading exchange rates, we also charge some of the lowest transfer fees on the market, which are less than most banks and money sending bureaux. For more information please visit our fee page.
Why is Xendpay the ideal way to transfer money to India?
- Great Indian Rupee exchange rate
- Low transfer fees
- Transfer money 24/7, online via our payments platform
- Online and telephone assistance
- Easy way to transfer money to India
- Fast transfers – For more information, please see our delivery times page.
How do I transfer money with Xendpay?
1. Open a free account which will only take a matter of minutes.
2. Login to your account.
3. Tell us your payment currency, how many Rupees you wish to transfer and your reason for transferring money to India.
4. Add the recipient you wish to transfer money to.
5. Transfer the funds to our secure Barclays bank client account, either by bank transfer or credit or debit card payment.
