Send Money Transfer to India from the UK
Whatever your reason for sending money to India, Compare Money Transfer will make your currency transfer as straight forward and cost effective as possible.
- Buying property in India?
- Emigrating to India?
- Paying Overseas Services / Importing / Exporting to India?
- Regular Payments to and from India?
Currency for India?
The Rupee (INR) is now the official currency of India.
Send Money Transfer to India
Most of the IT companies in the UK and in the other parts of the world have their offshore operations in India . One of the reasons for this is because the man power is not only cheap hear but they can get quality work done in India . Added to that, Pounds Sterling is much stronger than Indian rupee so this helps them further in getting the best value for their money. If you have an offshore centre in India you may have to send a lot of money every month in paying your staff in India . This calls for reliable money transfer to India .
Though Pounds Sterling is much stronger than the Indian currency, you can still see variation in the exchange rates offered by various institutions. High street banks in particular are notorious for offering their customers with poor foreign currency exchange rates. So if you have regular money transfer needs, it is best to look for alternative options to send money to India otherwise you will lose the cost advantage of using Indian offshore centre.
That is not everything, companies that transfer money to India tend to lose a lot of money with the banks in a number of ways. Many banks charge their customers with heavy transaction fees for each foreign exchange transaction and for sending money to a foreign bank account. Besides getting poor conversion rates for your Pound, you will also be charged a considerable amount of money as service charge. Many people therefore avoid high street banks when it comes to transferring money to India .
Best way to transfer money from the UK to India
Make use of foreign exchange brokers who are ready to offer you with personalized services. Such foreign exchange brokers will give you their personal attention and offer you satisfactory services. Most of the foreign exchange brokers have highly experienced foreign exchange experts that will offer the best services for your needs.
Added to that, you will be able to minimize the market risk by making use of the expertise of the foreign exchange professionals. You can also ensure fast transactions when you make use of foreign exchange brokers. With high street banks you will have to wait for their own timing that is often not suitable for fast money transactions.
Today there are also many real estate investors who invest their money in Indian real estate market. Even such investors will require money transfer agencies to meet their needs. It is very important that you make use of highly legitimate money transaction methods when you send money to India .
Whether you need single time money transfer or multiple money transfer need, you should only work with reputed companies so that you can save yourself from unnecessary problems.
