What are the available options to send money from India to overseas?

Whether you want to send money from India to the USA or anywhere in the world, the process of transferring money has become straightforward. With the advent of the internet, you can now send money to any corner of the world. You can transfer money abroad for education, immigration, medical tourism, etc from the comfort of your home. All you need is a smartphone and a sufficient balance in your bank account.

There are several ways to send money from India to the USA and other places, such as:

• IndusForex

IndusForex is one of the best online tools to send money abroad; It allows you to seamlessly transfer money from India to overseas. It is one of the safest and quickest ways to send money to your loved ones. The best part is that your money is safe. The transaction is conducted through a legal network of banks known as the SWIFT – the Society for Worldwide Interbank Financial Telecommunication.

Another benefit is that you do not necessarily have to have an account with IndusInd Bank to transact on IndusForex, but you must have an account with a sufficient balance in it. While transferring money abroad, you can avail yourself of the best foreign exchange rates available online.

• Bank-to-bank transfer

Even though it is quite an expensive option to send money abroad, it is one of the popular ways. To send money from India to the USA, you will need to visit the bank and submit a request. It is worth noting that banks generally charge a certain percentage of the transfer amount as transfer fees, which can be higher if the transfer amount is large. However, your money is always safe with the bank.

• Cash transfer agencies

It works best when you do not have a bank account or wish to pay in cash. To send money abroad, you will need to visit a cash transfer service, fill in a form, pay the transfer fees, and the transfer amount. The service provider will initiate the transfer of money. The best part is that the recipient can receive the funds within just minutes of the transfer.

• Foreign currency demand draft

It is a time-consuming way to send money abroad, but it is one of the best ways to send money abroad because the transfer fees and foreign exchange rates are always low. To transfer money abroad, visit your bank, request a demand draft in foreign currency, and send it to the recipient abroad. They will submit the same to their bank and get the money transferred to their account. The whole process can take a week or two to complete.

What are the top mistakes you must avoid while transferring money online?

With the advent of the internet, the process to transfer money from India to the UK or anywhere else has become straightforward. You can send money abroad for education, business, immigration, visa, and family maintenance from the comfort of your home. All one needs is a smart device and a sufficient balance in their bank account. However, while sending money abroad, it is imperative to be mindful of errors that can cost both time and money.

We have prepared a list of mistakes you must avoid to avail of a seamless transfer of money from India to the UK, USA, and other parts of the world.

• Beneficiary details

It is worth noting that one petty mistake while entering beneficiary details can delay the process of funds. You may even lose your money if the amount to some other bank account. Be mindful of the following details while sending money abroad:

• The recipient’s name, account number, and home address. 
• The recipient’s bank’s SWIFT code.

• Comparing money transfer service providers

The transfer fees, limit, and forex rates vary across different service providers. Ignoring to compare service providers while sending money abroad may cost you a lot of money in transfer fees and foreign exchange rates. Therefore, it is crucial to compare different providers and choose one that offers better services.

• Purpose of transfer

It is the first thing you need to do before transferring money abroad. You will need to check whether the purpose you are sending for is permissible by the Reserve Bank of India or not.  Generally, you can send money for education, immigration, business, visa, medical emergency, family maintenance, etc.

• Transfer limit

It is worth pointing out that the transfer fee depends on how much you are sending abroad. If you wish to save money in transfer fees or avoid delays in your transfer, make sure to send money within the set limits. Every money transfer service provider has a set of rules inspired by the RBI’s instructions.

• Expedition of the transfer time

All international money transfers take between 2 to 4 working days to complete. However, you can expedite the process if you wish to, but for that, you will have to incur higher fees. If you do not have to meet a certain deadline, it is advisable to ignore expediting the transfer time. This way, you can save a significant amount on transfer fees.

What are the perks of getting a prepaid travel card?

A prepaid travel card or multi-currency forex card has changed the way we manage our money abroad. It offers the easiest and safest way to carry foreign currency on your travels abroad. You can load it with multiple foreign currencies at once and make all kinds of international bookings and payments without incurring currency conversion charges.

The best part about a prepaid travel card is that you can avail yourself of the best foreign exchange rates while loading or reloading it. It is accepted world and offers protection against foreign currency rate fluctuations. Compared to liquid cash, it is safer to carry. It is also easier to use than a traveler’s cheque. 

The perks of getting a multi-currency prepaid travel card

A multi-currency forex card comes with a host of features and benefits that you can avail yourself of on your travels abroad, such as:

• It has all the security features of a credit card, ensuring the safety and security of your transactions abroad.
• While loading your prepaid travel card, you can get the best foreign exchange rates.
• The best part is that the foreign exchange rates are fixed at the time of loading the forex card. It means that you are immune to fluctuating foreign currency rates.
• Your days of standing in long queues to buy or exchange foreign currency are long gone. You can book your forex rate and load it onto your foreign travel card anytime from anywhere.
• It enables you to make international bookings and payments at hotels, restaurants, clubs, cinemas, stores, airlines, and petrol stations at zero or minimal extra charges.
• You can use a forex card to withdraw cash from any ATMs abroad. You will not have to worry about currency conversion charges. However, you will have to pay a nominal withdrawal fee on each transaction you make.
• If you lose or misplace your foreign travel card, you can immediately inform your bank to freeze the balance and issue a new one. Keep in mind that forex card replacement comes with a nominal fee.
• It allows you to keep track of your spendings and check your balance through instant SMS & email alerts.
• You can opt for an easy encashment facility after returning to India.

In short

Getting a multi-currency foreign travel card is the best way to manage your hard-earned money abroad. Compared to liquid cash and travelers’ cheques, it is safe, easy, and cashless. It enables you to travel the world without incurring cross-currency charges.

IndusForex: the best online platform to cater to your forex needs

Are you looking for an online platform that offers the best forex card rates? If so, IndusForex offers the best multi-currency forex card at unbeatable foreign exchange rates compared to other options in India. It has been gaining tremendous popularity among travelers. Much of its popularity stems from the fact that it offers a safe, easy, and quick way to buy or load a forex card.

Also, there is no need to visit any physical location to buy the IndusInd Multi-currency forex card. The entire process of buying the multi-currency forex card or reloading it with the currency of your choice is online. You do not necessarily have to have an account with the IndusInd Bank to transact on IndusForex. However, you must have a bank account with sufficient balance.

Top reasons to opt for IndusForex to buy a forex card

IndusForex is one of the best online platforms available. Whether you want to buy a forex card or currency notes to load onto your forex card, it can cater to all your needs. Here is why you should opt for IndusForex:

• It offers the easiest and quickest way to buy a forex card online.
• While loading your forex card, you can avail yourself of unbeatable forex card rates.
• The entire process of buying a forex card is online, so there is minimal documentation and faster delivery.
• It enables you to book your forex rate by paying only 5% as a token amount. You can pay the remaining amount within 24 hours of placing the order. 
• You can opt for a delivery option based on your preferences. You can collect your forex card from a nearby IndusInd Bank branch or get it couriered to your address in India. 
• You can get a multi-currency forex card that can be loaded with up to 14 foreign currencies at once.

Top features of a forex card that you must know before buying one

Are you planning for a world tour this winter? If so, you will need to sit and chart out a plan. You will need to get your passport, visa, and make your bookings. It is also crucial to decide on how to manage your money abroad. You have many options available, such as carrying cash, debit card, traveler’s cheque, or a forex card. However, getting a multi-currency forex card in India is the easiest, safest, and cashless way to carry your money abroad.

Before learning the features and benefits of a forex card, let us understand what is a forex card. It is a prepaid card that comes preloaded with the currency of your choice. You can make bookings and payments abroad without worrying about currency conversion charges.  The best part is that it is accepted widely and ensures immunity against foreign exchange rate fluctuations.

Top features of a forex card in India:

• It enables you to load it with multiple foreign currencies at once and travel anywhere without thinking about foreign transaction fees.
• The foreign exchange rates are predetermined at the time of loading your forex card. It means that you are protected against foreign currency rate fluctuations throughout your journey.
• It enables you to make international bookings and payments at stores, airlines, hotels, restaurants, and petrol stations at minimal or zero extra charges.
• Besides only swiping at PoS terminals, you can also use your forex card to withdraw cash from any approved ATMs without incurring currency conversion charges. But, you will have to incur a nominal withdrawal fee on each transaction you make.
• Your days of standing in long queues to buy foreign currency are long gone. You can now load and reload your forex card anytime from anywhere.
• It enables you to keep track of your spendings and check your balance via instant SMS alerts.
• If you lose or misplace your forex card, you can immediately inform your bank to freeze your balance until a new forex card is issued. However, keep in mind that forex card replacement comes with a nominal fee.
• You can easily encash the remaining balance after returning to India.

What are the benefits of getting the IndusInd Multi-currency Forex Card?

Whether you travel for education, business, or leisure, getting a multi-currency forex card is as crucial as getting your travel documents. It offers the safest way to manage your money abroad than carrying liquid cash. The best part is that it is accepted worldwide and ensures immunity against foreign exchange rates.

So, if you want to buy a multi-currency forex card for your travels abroad, it would be wise to get the IndusInd Multi-currency Forex card via IndusForex that ensures the best forex rates while loading your forex card. It is one of the best forex cards in India that comes preloaded with up to 14 foreign currencies. Also, it is safer to carry than liquid cash and easier to use than a traveler’s cheque.

Benefits of the IndusInd Multi-currency Forex Card

The IndusInd Multi-currency Forex Card comes with a host of features and benefits that you can avail yourself of on your travels abroad, which are:

• It is one of the best forex cards in India that it can be loaded with up to 14 foreign currencies at once, such as United States Dollar (USD), Euro  (EUR), Great Britain Pound (GBP), Australian Dollar (AUD), Canadian Dollar (CAD), Arab Emirates Dirham (AED), Swiss Franc (CHF), Hong Kong Dollar (HKD), Japanese Yen (JPY), New Zealand Dollar (NZD), Singapore Dollar (SGD), Saudi Riyal (SAR), South African Rand (ZAR), Thai Bhat (THB).
• The foreign exchange rates are predetermined at the time of loading your forex card. It means that you are protected against fluctuating foreign exchange rates on your travels abroad.
• With your forex card, you can make all kinds of international bookings and payments for hotels, restaurants, airlines, stores, and petrol pumps without any extra charges.
• It is not restricted to swiping, you can also withdraw cash from any VISA-enabled ATM abroad without incurring conversion charges. However, you will be charged a flat withdrawal fee on each transaction.
• IndusForex eliminates the hassle of standing in long queues and last-minute run to money changes to purchase foreign currency.
• While loading your forex card, you can get the best forex rates using IndusForex.
• You can track your spendings and check your balance through instant SMS alerts. 
• You can load and reload your forex card at anytime from anywhere on IndusForex 24×7.
• If you lose or misplaced your forex card, you can immediately inform the bank to freeze your balance. This way, you can protect your hard-earned money abroad.
• You can also get your balance amount encashed after returning to India.

So, are you planning to travel abroad? If so, getting the IndusInd Multi-currency Forex Card may be the best option to manage your money abroad. You can load it with multiple foreign currencies once and travel the world with ease, without worrying about foreign transaction fees.

Transfer money from India to the USA

Want to send money to USA? Find the essential information on how to send money from India to USA within simple steps. Visit us to know more.

Top things to avoid while making an international money transfer

Unlike the old days, the process of sending money abroad has become more convenient and hassle-free. For instance, if you opt for India to Dubai money transfer, you will just need an electronic device with internet connectivity and sufficient balance in your account. You can instantly transfer money abroad from your home.

If you do not know how to send money online, you can opt for a bank-to-bank transfer, money transfer agencies, foreign currency demand draft, etc. However, you will have to be prepared before making an international money transfer. You will need to consider factors, such as remittance purposes, transfer fees, foreign exchange rates, transaction limit, etc.

Here are the top mistakes you should avoid if you are opting for India to Dubai money transfer for the first time:

• Avoid cross-checking the beneficiary details

It is worth noting that if you do not know how to send money online, you may make mistakes, such as providing the wrong account number. In such cases, the amount can go to someone else, and once the transfer is authorized, it is difficult to reclaim the fund.

So, while making an international money transfer online,  make sure to cross-check the following information:

• The recipient’s name, account name, and home address
• The recipient’s bank account number.
• The recipient’s bank SWIFT code.

• Ignoring the norms of the transfer

Every money transfer service provider has certain norms to send money abroad. For instance, some banks may not allow you to transfer more than a specific limit in a day or month. Also, the transfer fees vary across service providers. So, it is imperative to know all the norms of the money transfer before sending funds from India to anywhere else.

• Ignoring the foreign exchange rate fluctuations

Quite often, we ignore the foreign exchange rate fluctuations that directly impact the total transfer amount. The foreign currency rates are subject to daily changes.  You will need to keep an eye on the foreign exchange rates. This way, you will choose a foreign exchange rate that best serves your needs and preferences.

• Overlooking the holidays

Most financial institutions are closed on public holidays. It means that if you send the money above on Friday, the recipient will receive the amount by the end of next week, hence more days for your money to reach the recipient. If you know when you need to send the money, it is better to plan your transfer around bank holidays.

In short

Before opting for India to Dubai money transfer, pay heed to the above-said tips to avoid mistakes and unnecessary stress while sending money abroad. Also, if you do not know how to send money online, seek advice from people who have experience in sending money abroad.

Advantages of a prepaid forex card, and how to get one for your travels abroad

Prepaid forex cards have changed the way we manage our money while being on the go. They are the easiest way to pay for our expenses, and the safest way to carry our money abroad. Depending on the number of countries you are visiting, you can load your forex card with multiple foreign currencies at once and move between countries without worrying about cross-currency charges.

If you frequently travel to foreign countries, a multi-currency forex card can be your best travel companion. You can make all kinds of purchase transactions without paying any extra charges. It is not limited to PoS terminals only, you can withdraw cash easily in times of emergencies.

Advantages of a prepaid forex card

• It enables you to make international bookings or payments at hotels, restaurants, bars, stores, malls, airlines, and petrol pumps without incurring currency conversion charges.
• While buying your forex card, you avail of the best forex rates in India.
• The forex rates remain constant after loading your forex card, hence providing immunity against fluctuations.
• You no longer need to stand in long queues to buy or exchange currency.
• It allows you to withdraw cash from all visa-enabled ATMs at a nominal withdrawal fee.
• You can keep track of your expenses and check the balance on your forex card through SMS alerts.
• If you lose your forex card, you can contact the bank to request a card replacement.
• Upon your return to India, you can opt for easy encashment.

How to get a forex card in India without any hassle?

If you are looking for an online platform to buy forex in India to load onto your forex card or purchase a new forex card, you can opt for IndusForex. You can treat IndusForex as your one-stop shop for all your forex needs. You avail of the best foreign exchange rates while loading your forex card. The best part is that you can book your rate by only paying 5% as a token amount and have the option of paying the remaining amount within 24 hours. 

So, if you do not know how to get a forex card, follow the underlying steps:

• http://www.indusforex.indusind.com and hit click on Buy Forex Card.
• A new web page will open wherein you will have to select your preferred foreign currency from the available 14 options.
• Enter the amount you want and click Get Rate.
• Allow the website to fetch the best forex rates in India.
• Log in with your registered mobile number or register yourself with your mobile number or Aadhaar number.
• Fill in your information and allow KYC checks. 
• Choose a delivery option. You can collect your forex card from a nearby bank branch or get it delivered to your address in India.
• Book your forex rate by paying only 5% as a token amount and pay the remaining within 24 hours.
• Your order will complete within 24 to 48 hours of your forex card purchase.

Where to buy the best forex card for your travels abroad?

If you are traveling abroad, carrying a multi-currency forex card is as crucial as carrying your travel documents, such as passport, visa, air tickets, etc. It enables you to carry foreign currency abroad in an easy and cashless manner. The best part is that it is accepted worldwide and always protects you from fluctuating foreign exchange rates.

So, where to buy forex in India? What is the best platform to buy a forex card that comes at the best forex rates?

You can choose to buy forex in India from IndusForex, IndusInd Bank’s online retail forex portal, one of the best online platforms to cater to all your forex needs. It offers IndusInd multi-currency forex card that comes with the best forex rates in the market.

The IndusInd Multi-currency Forex Card can be your best friend on your travels abroad. It is widely accepted and can be used to make international bookings and payments at hotels, restaurants, petro pumps, and merchant outlets at no extra charge.

So, if you are looking for “forex India’‘, it would be wise to visit IndusForex and cater to your forex requirements with just a few clicks on your computer. Whether you need a multi-currency forex card or purchase foreign currency to load in your forex card, IndusForex can help you meet all your forex needs.

Reasons to choose IndusInd Bank’s IndusForex

• IndusForex offers the easiest and safest way to buy and reload your forex card.
• The forex rates at IndusForex are unmatched in the market.
• You can book your foreign exchange rate from anywhere at any time. The best part is that it eliminates the last-minute run to money changers.
• It allows you to choose a delivery option. You can get your forex card delivered to your location domestically or visit one of IndusInd Bank’s branches.
• The whole process of applying for a forex card or loading your card with multiple currencies is paperless.
• You can book your preferred rate by paying only 5% as a token amount. You can pay the option of paying the remaining amount within 24 hours of your order.

Advantages of IndusInd Multi-currency Forex Card

• You can load the IndusInd Multi-currency forex card with up to 14 foreign currencies at once.
• As the foreign exchange rates remain the same after loading your card, you are always protected against foreign exchange rates fluctuation.
• You can use your forex card to make all kinds of transactions abroad without any extra charges.
• It enables you to withdraw cash from visa-enabled ATMs at zero currency conversion charges. However, you may have to incur a flat ATM withdrawal fee.
• You can encash the balance amount after returning to India.