Tuesday, April 29, 2008

Money transfers to India


There are lots of sites & agencies in the Internet that says that they will transfer your $$ (USD) to India safely with high exchange rate. Don't blindly follow these ads. Take at least a day to decide on which option & agency suites your needs. You have earned the money with lots of effort and hard work. So don't hesitate to spend few hours on choosing your money to India agent.


What you should do


  1. Experience is best of all books. Ask your friends and colleagues about how they are doing

  2. Each agency offers different exchange rate. The agency which gives the highest exchange rate doesn't indicate that it is the best. You need to look at the reliability & ease of use also.

As per my experience, and my friends suggestion, I feel, ICICI money to India is the best choice when it comes to transferring USD to India.


Here is my tips on using ICICI money to India


https://m2inet.icicibank.co.in/


1) The money transfer service is free as long as the amount you transfer satisfies the minimum criteria. If you transfer the money below the minimum amount criteria, you will be charged. Check their site, before you transfer


2) Take few min to play with Exchange calculator which you can find on their home page. The exchange rate will be high as the money you transfer is. So instead of splitting and transfer in packets, if you make a single transaction, the exchange rate will be higher per $.


3) As per my experience, ICICI always gives 40paise lesser than current market price per dollar.


Hope it helps.


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