An Ultimate Guide to Sending Money To India (2021 Updated)

 People living around the globe send money to their family or friends for different purposes. But just like you, most of them get stuck when it comes to transferring money to India. No doubt we have endless methods for transferring funds to India at the moment. So, it will not be easy to know which will be best for your interest. 

Best Way To Send Money To India

Are you tired of finding the Best Way To Send Money To India? No worries! We have a pioneering solution to make your online money transfers quick, safe, and affordable- and that is Tamsey. This simplified money transfer app accommodates all your money transfer requirements.

Our users can choose any suitable methods for recipients to receive money. For instance, we enable mobile money transfers- for sending money online into a mobile money account overseas. Plus, we give you access to cash pickups and send money directly to a bank account of your choice. However, it is still important to learn more about the overall money transfer process. 

So, we are sharing a detailed guide to help you send money to India without any hassle:

Restrictions on sending money to India

If you want to send money to anyone in India, make sure you do not use a business bank account. Users are not allowed to transfer funds from their business accounts. Also, you can’t proceed with the transfer if you have an NRE account. How much money can you send through an Online Money Transfer To India? Well, there are no specific limits on sending money there. 

But the receivers can't use this money for any investment. If they do so, the money they will earn from this money will be taxable. So, if you transfer money for travel, medical treatment, and education, it will be tax-free. 

How much time will it take to send money to India?

It may take up to 2 or 3 business days to transfer funds to India. Nevertheless, this may further depend on the money transfer method you pick. Normally with a bank, you have to wait for several days. But with Tamsey, you can send the payment instantly. 

Factors to consider before sending money to India 

  • Check the overall transaction charges.
  • Find out the exchange rates and how they will affect your transaction. 
  • Learn about the transfer limits
  • Be sure to find authentic customer support.
  • Put questions about the transfer speed if you want the payment to proceed faster.

Steps required to send money to India 

  • Sign up with any platform you pick using an email address or phone number.
  • Enter the amount you will send. 
  • Fill up asked information about the recipient. (Contact, bank account details, address)
  • Use a photo ID to verify your identity for large transactions.
  • Proceed with the payment via bank-to-bank transfer.
  • Check the real-time progress of the transactions. 

Top methods to transfer funds to India 

  • Bank transfers.
  • Online money transfer apps like Tamsey.
  • Cash pickup providers

Final Thoughts: 

It should not cost a fortune when it comes to sending money to India. So, you can go through the above guide to make your transactions to India safe and affordable. Not able to find the Cheapest Way To Send Money To India? Install Tamsey now. Tamsey is FCA authorized and provides 24/7 customer support. For more information about how Tamsey works, refer to its website now.

Location: India

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