With a lot of Indians residing and working in the UK permanently and many others commuting to work there, things like foreign exchange rate fluctuations and the economical strength can significantly impact the value of people’s money when transferring funds back to India. Studying, living, relocating or retiring abroad can be an amazing and inspiring experience. However, living abroad also comes with lots of responsibility. Sometimes we need to send money to India from the UK, either to someone else or to yourself. But if you’ve noticed initially, transferring money internationally, it not as simple as it might seem. There can be many factors that surface such as exchange rates, service fees, and the time required before the recipient actually gets the money.
Time to time if you need to send money to India from the UK, your first aim is to do some research and see which service is best for you. Traditional banks and walk-in service centers are typically the most expensive. Try to locate a trustworthy money transfer service that will save you money for these recurring transfers and/or payments. It will be well worth the time and effort to find a good reliable service before moving abroad. Sending money to India from the UK, can be performed both online and offline. From ages old traditional methods like transfer agents to banks, from cheques to money orders almost every transfer option is proffered. Few of us also considered these services as very fast and efficient. However, you will be surprised at those hidden commissions and add-on fees banks and other institutions you might get charged for.
Today, online money transfers are most likely considered as the most convenient option to send money to India from the UK. This can be done from your own home on a computer, in only a couple minutes at most. Online money transfer services are ubiquitous and easy to use. If you use an online payment service, you do not have to worry about any hidden or extra fees outside of the initial fee and the exchange rate if you are sending money back home.
And while there are a lot of different services that can be used to transfer money, there are a few standout services like the RemitGuru online money transfer service, that are specifically better than the rest if you need to send money to India from the UK.