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A lot of people from India go to various foreign countries due to good career prospects. While they go there on work visas, they usually leave their families behind. Thus sending money to their family in India is one task they usually have to perform. The frequency of sending may however differ. Some people might send money to their family or relatives in India once in a while, whereas other might have to send it more frequently like say weekly or monthly. Thus choosing the most suitable way to remit to India is very important. There are various ways in which one can remit money to India. Sending money trough pay checks is one of the most conventional ways. One can issue a check against their savings account in the name of the person they wish to send money to. This is however a time consuming way and will not be the one in cases when one needs to send money on an urgent basis. Online money transfer is one of the most common and popular ways to remit to India. With the help of this method money can be easily sent to any part of the world. The time frame required for this method is almost forty - eight to seventy – two hours. One of the other options to remit money to India would be through the various money exchange services. These services are very easy, fast and reliable. One can expect the money to be transferred almost immediately. Thus the time frame required by this option is one of the least. Also, one of the other benefits of this service is that a sender need not have an account to use it. There is just a reference number involved in this process. This is the one of the best ways to cater to your family’s needs in case on an emergency. However, one of the disadvantages of this method is that most of the times a flat fee is charged depending on the country to which the money is to be sent. Hence this option is generally considered while sending huge sum of money.

For people sending money on a regular basis, a NRI or NRE account can be considered to be one of the best options. One can easily open an NRI or NRE account at any of the overseas branch of a leading Indian Bank. One of the biggest advantages of a NRE or non residential external account is that the account holder can give an authority to one of the Indian beneficiaries to operate the account. Thus the beneficiary can operate the account hassle free. Also they can withdraw only the amount that they require, thus having the benefits of saving the rest of the money with the bank. The other major advantage of this account is that the account holder can directly deposit foreign currency into their account. They do not have to bother to convert foreign currency into Indian rupees.

Thus considering the above options available to remit to India, one can easily choose the most convenient and beneficial one depending on their requirements. One of the things that need to be taken into notice while remitting money is the exchange rate. It is good to have knowledge of the same. A little knowledge of banking and money transfer is also beneficial.