Finance

What is Money2India?

There are plenty of services that allow you to send funds from different countries to your home country in India. Amongst these various options available in the financial market, the online money transfer service is one of the most popular services.

Plenty of banks are offering this service, through the transfer platform known as the Money2India. As the name suggests, it specializes in offering online transfer services from several yet selected countries abroad to India. As compared to the other online services, this platform has plenty of benefits and other additional services, which have been mentioned below.

How can you send money overseas with Money2India?

Plenty of banks within India possess this platform, which allows you to connect from one bank to another. Thus, you can easily send funds overseas, by using this Money2India platform, to over 100 Indian banks. The first step you need to take is to open an account, by filling a registration form and providing:
• Details of your resident country
• Details pertaining your identity
• Contact details

How can you send money to India through this platform?

There are two methods wherein you can send your funds back home. They include:

• Express online transfer: This service is normally offered to selected users. You can use this service to transfer funds to the account within the same bank, or to another bank. However, the time take for each service will be different. You will also have additional benefits depending on the amount of funds you are sending. For example, if you send more than 50, 000 INR you can get a transfer free service. However, any amount less than that will attract a small amount of transfer fee. To opt for this kind of transfer, you will need to log into your account and select the relevant option. You will also need to fill in the relevant details of the recipient and enter the details of the funds you would want to send. Once the transfer has been made, you can review the details of your transfer and send your funds. You will also be given a tracking number that will allow you to monitor the progress of your transaction as per your convenience.

• Normal online transfer: The e – transfer offer is nothing but an automated clearing house transfer option that provides a guaranteed transfer. Normally, it offers the same fee structure as the previous option wherein you will need to log into your account, and provide bank account details of the sender and receiver. The platform will then initiate small transactions from the sender’s account in order to verify your details. Once this process has been completed, you will be provided with details of your transactions.

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