The world is a smaller place
Successful vaccine rollout, and unprecedented level of travel guidelines, as the world is slowly bouncing back to a normalcy, people have now opened to the prospect of travelling to far flung places for various reasons. Whether by necessity or choice, the volatility of the world economy and the increasing unemployment rates due to this prolonged pandemic have created a sense of urgency among professionals and students to look for available opportunities for them, world over.
It seems only a matter of time before these students, job seekers, travel enthusiasts, the globe trotters, the citizens of the world, will swirl their ways to global prospects and shrink the world to a smaller place.
Outward remittances outwit the pandemic
The pandemic fundamentally changed the priorities, behaviour, and the habits of international travellers, but one thing that is persistent through out is the outward remittances or sending money from India to abroad which has grown manifold over the years. Whether you are exploring a higher education opportunity or searching an overseas job, raking in the moolah by jet setting or enjoying an electrifying vacay at foreign locales, you need both time and funds to adapt to the new place and make your stay comfortable.
Every year, people across the world send billions of remittances to their loved ones in their native countries, reasons that vary from one another. Often people transfer money internationally to pay tuition and educational fees, book an overseas vacation, gift or monetary support to friends and families, buy some foreign goods, among others. According to a recent Mastercard study, “73% of people regularly send money abroad.” This suggests that people are more anxious to support their friends and families financially as the pandemic continues to rake havoc.
The myth about overseas money transfer
Many feel that sending remittances abroad is cumbersome and at the same time, it is also very confusing and unsafe. However, the fact of the matter is not only they wonder how to transfer money internationally but also, they are far from knowing the whole process which has been made easy in recent time. If you are the one who do not understand how to send money overseas conveniently, then read on…
How to transfer money to another country?
RBI allows Indian citizens to send money from India through a process called outward remittance which is directed by various foreign regulations. The money can be sent through banks, post offices, and digital payment platforms. But the easier way to send money internationally is to do it digitally.
Fast & secure way to send money abroad
Online money transfer is one of the simplest methods to send money abroad. Large number of Indians use this method. It’s fast, secure, paperless, convenient, and cost-effective. You can transfer money to multiple countries, at market-beating FX rates in just a few clicks. Send the money anytime, anywhere, with ZERO hidden fees.
Choose your options wisely
The number of options available to you to transfer money internationally from India are no longer limited now. However, choose your options wisely and make sure to verify details, like the recipient account number and few other details. Get the best of exchange rates by comparing prices and tracking the latest forex rates. Keep a tab on the timeline of the transfer, especially if the transaction is done urgently. It is necessary to keep a record of your transaction to avoid frauds and scams. Send money overseas via trusted online platforms so that the money that you will be sending find its rightful recipient.
The Final Word:
The digital space is bringing us more and more close, so all you need to do is find a reliable banking partner that can provide you with the best digital platform and empower you to transfer money anywhere in the best at the best rates and in a matter of few minutes.
