A hassle-free guide to making international money transfers from India www.deekpay.com

existIndiaHow international money transfers are made from one country to another depends on the purpose of the sender. Considering the time, cost and peace of mind, the following considerations for making international money transfers from India will help make the process smooth and safe.

Transfer of money to international bank accounts

Reserve Bank of India (The RBI allows Indian citizens to make international remittances of up to $250,000 per year through the liberalised remittance scheme.

Users can send money to Overseas Remittance in the following ways:

banks post office Remittance services Digital Payment Platform Currency converters

Users may be required to open an account with certain providers in order to send money overseas from India or send large amounts. There may also be charges for sending or receiving money, so it is useful to check before initiating a transaction.

Users can send money using the following methods:

Foreign currency bank drafts (or cashier's cheques) Demand draft (DD) Debit or Credit Card money order telegraphic transfer (TT) Online (bank) transfer

Other services may offer different methods of sending money overseas from India. If regular remittances are required, users will need to look for services that allow regular payments to be made, such as bank transfers.

Security of remittances from India to overseas

Make sure you take some time to find the right international money transfer service. Before sending money, make sure to check if the company is authorised by the Reserve Bank of India (RBI) is authorised and has an AD-II licence. However, whichever service you choose, make sure you verify the payee's details and keep a record of the transaction.

Generally the first time an international money transfer is made through Internet Banking, the customer will be asked to authorise the verification of the authorisation, for example the first time an international payment is sent to someone through HSBC Internet Banking India, the customer will be asked to authorise the payment using a digital security key. This is a digital version of the customer's physical security device and the added level of security verifies the customer's credentials and increases the security of the money transfer against possible fraud.

Transfer money between bank accounts worldwide

If a user's bank accounts are located in different countries and regions, it may be necessary to transfer money between them. This is a common occurrence for clients conducting international business, but it is worth noting that certain providers may charge fees.

The remittance limit for a customer depends on the customer's residency status and the type of bank account held in India. A Non-Resident Indian (NRI) with a Non-Resident Ordinary (NRO) account can send a maximum of US$ 1 million abroad per financial year.

Setting up recurring and future payments

If you need to send money from India to the same person or account on a regular basis, consider setting up recurring payments. In addition to this you can also set up future payments so that you don't forget about upcoming one-time payments.

View exchange rate information and costs

Foreign Exchange (FX) The exchange rate is the rate applied when converting one currency to another.

There are several ways in which users can reduce the cost of sending money abroad. Check that the information displayed on money transfer websites is up to date, as exchange rates can fluctuate rapidly and even small changes can quickly have a big impact, especially when sending large sums of money.

Also be sure to check if there are any fees associated with sending or receiving money. Foreign exchange rates fluctuate up and down over time and may vary depending on the exchange company the user uses.

Advantages of sending money outside India

When choosing a service provider, make sure that the service provides the required coverage. Sending money from India to a number of different countries, choosing to use a service that covers all countries will have a number of convenient advantages:

Schedule your transfers to prevent delays Double-check payee details Avoid sending cash by mail Be wary of money transfer scams

Atpay - we are a professional provider of payment solutions and have been deeply involved for many years inIndia PaymentsWe have successfully provided payment functions for countless customers at home and abroad. We are fully confident in payment integration and high-risk payment processing, and welcome inquiries and exchanges.