Dear Zavala,
This is a rather short list, but believe me ? it as comprehensive as
possible, and even includes information on small companies. It is
always possible that a company somehow skipped the radar, though I
doubt it. They are organised alphabetically, and with review, if
possible.
Cash2India
www.cash2india.com/
?Register for an account.
Provide recipients Information.
Pay by Credit Card or Debit card or e-check.
Punjab National Bank cheque delivered by Blue Dart within 48 hours.
Bank Checks (E-checks) typically take 5 days to clear and then take
48-72 hours to reach the recipient. Transfer fee for E-checks is only
$7 for Transfer amount US$2001 to $2500.
Disadvantages
Person-to-Person transactions only.
Local Courier service in 1200 large metros and towns, other places by
registered mail.
Since Banks cannot convert from rupees to Dollars, Transactions are non-Refundable.
Cash advance fee (if any) charged by credit card company.
Once, a transaction is submited, your money is converted into Rupees
by Punjab National Bank. Cash2India do not have permits to reconvert
rupees into dollars to refund the amount.
This service is intended solely for Person to Person transactions
only. If the check is addressed to a business or charity the check
will not be mailed and you will not receive a refund.:?
(SOURCE: Compare Money Transfers, <
http://www.sendmoneytoindia.com/compare/index.php>).
iKobo - Send Money to India
www.iKobo.com - working not with agents, but with a card: the
receiver gets a debit card (that could be used only by this person)
and a secret code to withdraw the money: ?After Registering for an
account, iKobo sends the person receiving the money an i-Kard (ATM
card). ATM card delivered in 2 to 3 days. The beneficiary uses the
i-Kard at any Visa Plus ATM to withdraw the cash. The i-Kard is
re-usable. Once the person has an i-Kard they can receive money from
anyone, anywhere in the world - in less than 30 seconds.
Disadvantages:
ATM machines that display the VISA PLUS sign is required for cash withdrawal.
One time Courier fee for ATM card delivery.
New Entrant January 2001.
Hidden fee: ATM usage charge by the ATM owner.?
(SOURCE: Compare Money Transfers, <
http://www.sendmoneytoindia.com/compare/index.php>).
InstaMoney
< http://www.instamoney.co.uk/>
Not reviewed by Sendmoneytoindia.com
Money Brokers
http://www.moneybookers.com/app/>
Funds are first upload to your MoneyBookers account, then withdrawn locally.
Upload Fees : International bank Transfer is Free, MasterCard/Visa 3%,
e-gold is free.
Withdraw Fee : International Bank Transfer (split option) ? 1.80,
Cheque Drawn on an Indian Bank will cost ? 3.50, e-gold is 3.75%.
(SOURCE: Compare Money Transfers, <
http://www.sendmoneytoindia.com/compare/index.php>).
MoneyDart - < http://www.moneydart.com/> - it is not clear from their
site if they will deliver cash, although they certainly deliver to the
recipient?s home. From UAE.
MoneyGram
< http://www.moneygram.com/>
?Need for sender and receiver to visit an authorised agent during office hours.
Claim of Money being available within 10 minutes.
Available only in major cities or towns having an authorised service agent.?
(SOURCE: Compare Money Transfers, <
http://www.sendmoneytoindia.com/compare/index.php>).
Rapid Remit Svc
https://www.rapidremitsvc.com/index.php
Not Reviewed by Compare Money Transfers
Samachar Money Transfer - SAFE-land your money in India
www.timesofmoney.com/remittance/jsp/smt_remithome.jsp
Cost: $3 for upto $200 transfer.
Pay by Direct account Debit or Overnight Wire Transfer or by Cheque.
Receive by Local Demand Draft at 6000 locations in India by courier or
Direct Credit to Bank account in participating Banks.
Estimated Time: 2 to 5 days.
Online Tracker.
(SOURCE: Compare Money Transfers, <
http://www.sendmoneytoindia.com/compare/index.php>).
Xoom - Send Money Online
www.Xoom.com - Quick Cash Transfers to India. Secure & Reliable.
Claim to be cheaper than Western Union
Not reviewed by SendMoneytoIndia.com
Western Union
< http://www.westernunion.com/> - works with Indian Post
Zoha - < http://www.zohainc.com/>
Delivers only to two large cities; sites looks a bit slumpy.
+++++
icici Bank - Free Money Transfer-India
<www.icicibank.com/nri> - it seems from their site, that although they
are a bank, they can also transfer funds to people without accounts.
+++
Additional Information
================
Indiainfo Tax: NRI Corner-Sending money to India: Tax implications
<http://tax.indiainfo.com/nri/sending-money.html>
BBC News | BUSINESS | India cash transfer 'shake-up'
http://news.bbc.co.uk/1/hi/business/1747328.stm - ?India launches a
new faster money transfer system for expatriates sending money home
from the UAE, as part of a crack down on unofficial money transfers.?
++++
I hope this answers your question. Please contact me if you need any
clarification on this answer before you rate it. My search strategy
has been to search for ?sending money?/?transfer money? and similar
expressions. |
