Transfer money to India in these 3, very popular methods:
1) Cash Transfers
2) Money Orders
3) Banking Transfers
Make sure that the company contains a feature that can calculate the cost of transferring money overseas to the country you are looking at. You usually can pay over the phone or online by using a credit or debit card. However in order to transfer money overseas if you do not have access to the following you can contact a transfer money agent and pay them to do it for you.
For money orders you can use a postal service, in which the amount to transfer overseas is very minimal of just a few dollars many times. These money orders can be cashed just about anywhere in the world including banks etc. The last step is to keep your money order receipt in case of error.
For banking transfers, in order to transfer money overseas it can take up to 3-4 business days. Whoever is receiving the check will usually be a charged a fee. You can also use foreign drafts, which sometimes take a bit longer and wire transfers at a higher fee, but they arrive very quickly.
You must also watch out for money order situations when you are going to transfer money to India. If you are receiving a money order, make sure the source is credible; as you can sometimes be scammed into accepting a money order and when you go to cash it; it can be a fraud. You can even get into trouble in such a situation. If you are dealing with someone you are not sure of, make sure you get a bank wire; as this protects you.
When you transfer money overseas, it is always tempting at time to take whatever route will be cheaper for you. In certain cases, this is definitely not the smartest choice. You must realize the legalities of things before jumping to conclusions. However, when sending money out; you obviously know your reliable and credible, so it is easy to use any of the other methods outlined.
