Posted 13 Apr, 2019 | Finance
Which is the cheapest way of money transfer from India to abroad?Add Answer
Today the world has become a universal village. Middle-class Indians are now traveling around the world for the purpose of business, vacation and mainly for education. Indian students are filling the campuses of the world's most prestigious ivy league universities every year. The main problem many Indians abroad are facing is the transfer of money from India to abroad.
Now there are so many ways of money transfer from one country to another. The cheapest charges of money transfer depend upon the amount to be transferred and the time limit needed.
There are so many ways of transferring money from India like
• Bank to Bank transfer. Through your bank officials, you can transfer money in the recipient's account. Even demand drafts can be drawn and send it to the recipient via mail or courier.
• Online Banking - You can transfer the money using online banking method.
• Third party money transfer service like PayPal, payoneer, Book my Forex, money2world, Transferwise, Western Union are some of the companies which transfer money internationally.