Traveling across the world and exploring abroad education made Outward remittance or sending money abroad becomes common practice in India.
People transfer money abroad from India for several reasons may it be buying or renting a property, paying tuition or college fees, booking a vacation abroad, or gift support money to friends and relatives.
But how to transfer money abroad from India?
Depending on purposes the mode of transferring money may vary.
Here is a simple guide to transferring money from India to any other country:
Bank Draft and Cashier Check:
This method is an ideal way to send money abroad. Bank Draft or Demand Draft is easily available at all banks.
The drafts and cheques are traceable in case of theft or lost in abroad and make one of the most reliable money transfers internationally from India.
Online Money Transfer:
In the modern era, online money transfer makes the easiest and most convenient way to transfer money internationally.
The majority of Indians use this mode of transfer to transfer money.
Wire transfer:
This has emerged as the latest mode of Money transfer. Many Financial institutions available in the market opted for online wire transfers to send money overseas.
Among them one of the most trusted online platforms is Orient Exchange, here you can buy or sell currency, send money abroad or you can purchase travel/Forex cards at a reasonable exchange rate.
End Note:
In today’s world with emerging technologies there is no longer limited options available to you to make money transfer internationally.
Choosing suitable mode and verifying the details is key to the successful transfer of money abroad.
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