A Quick Guide on Money Transfer from India to Abroad
With the frequent movement of people from one country to the other, outward remittance is one of the common practices that have increased over the years. If you are going to a foreign land to explore education, employment opportunities, or vacation, you must have sufficient funds to be financially secure over there. Here are the things you should know about international money transfer : Important Factors When You Transfer Money Internationally Transfer Speed When you transfer money internationally , it usually takes 48-72 hours for the money to be sent online from India. The time frame may vary in the case of demand drafts and cheques. Exchange Rate When you transfer money to a foreign country, always check the exchange rate which is the difference in the currency value of your home country and the country in which you send money. Even a small change in the exchange rate can have a significant difference in the amount you send internationally. Additional Charges Any platfor...