Wednesday, May 25, 2022
Finance

Follow these steps while sending money to India, for a hassle-free experience

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If you are abroad and are planning to send money to India, then following all the steps for you as well as the recipient can be troublesome. Taking care of your family’s financial needs when you are away from India is crucial. Hence, the process must be as easy as possible for both the sender and the receiver. Read on to know the steps to follow to send money to India easily.

Planning to send money to India from another part of the world? Don’t worry, you have come to the right place! Whether you are planning to send money to your family, relatives, friends or loved ones, it does not necessarily have to be cumbersome. If you follow the steps properly, then the whole process can be as easy as a walk in the park. You can now choose from a number of options to send money to India. Choose the one which you think meets your requirements.

Whether the amount is large or small, you can now easily send money to India. You can choose the online method to send money because it is one of the most convenient and preferred methods. Transferring money online has its own benefits. You save money, time, and effort by getting the work done online. Also, at times, there are offers and deals going on, and you can take advantage of those too.

  • One of the most important things to keep in mind before sending money to India is to check the exchange rates. For example, you are in the UK and are planning to send money to India, you first must check the rates when converted from UK pound to INR (search for GBP to INR). Once you know the current rate, you can go ahead and get in touch with your bank to send money to India.

If you haven’t chosen a bank and don’t know how to send money to India, then follow the steps mentioned below.

  • Step 1

Registration- Choose a bank from all the options and register on its website or mobile application. Make sure you fill out the online form with all the details.

  • Step 2

Verification- Once you have filled the form successfully, the bank’s personnel will schedule a video call for your identity verification. They will ask you a couple of things during your verification. All you need to do is answer the questions and your verification will be done.

  • Step 3

Enter the amount – Now that you are verified, you will have to enter the amount you plan to send to your family, friend, relative or whoever you want to, in India.

  • Step 4

Add the details of the recipient – Now, you will be redirected to the option where you will be needed to add the recipient’s bank details such as account number and IFSC code.

  • Step 5

Transfer the money online- You are all set now. You can transfer the money from your local bank to India.