There is a huge demand and necessity for sending money to family, friends and loved ones in India. Whatever the purpose, from gifts to family support, you need to ensure that you get as many Indian Rupees in return for your money as possible.
There were approximately 11.4 million emigrants leaving India in 2010, with The highest proportion of that being 1.7 million headed to the United States. It is no wonder that India is the single largest recipient of remittances, with the equivalent of over $55billion (US) being sent to India.
Sending money to India can be a difficult process as there are many providers who charge comparatively large amounts, such as flat fee charges from your bank, no matter the amount sent. Remittance to India is typically small amounts, which may be made regularly. Paying an individual transfer fee for each payments can work out to be a costly endeavour. You can save money with RationalFX. They can provide you with a highly competitive money transfer, with low fees, great exchange rates and zero commission, no matter the amount you are sending. If you are sending less than £2,500, you can make transfers 24/7 online with a simple registration process and high levels of online security.
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