Remit2India Money Transfer to India, Online Remittance Service - Review

Remit2India is an Online Remittance Service by TimesofMoney Company and is designed for NRI's all over the world to send money to India. Remit2India has presence in over 23 countries including U.S., Canada, Australia, several countries in Europe etc. In order to transfer money from your country abroad to India by Remit2India, you will have to register for an account on Remit2India, provide your Bank details in the country where you are sending money and then provide the details of the bank account in India to which you want to send money.

Different Options to Send Money to India using Remit2India
One has the following options of sending money to India using Remit2India money transfer service.

  1. Remit2India ACH Money Transfer - ACH just means that once you open and account with Remit2India and give them online instructions to transfer money, the money will be deducted from your bank account abroad and transferred using remit2india to your bank account in India. This is a complete online process. Option of either sending the money directly to Indian Bank account or delivering a locally payable demand draft it to the home of the beneficiary. Processing time: 3 to 5 business days. Fees: Free.
  2. Remit2India Rupee Express - A faster online way of transferring money but with higher fees. (in my opinion, not worth it). Processing time: 3 business days. Fees: 1.5% of your remittance amount plus a small transaction fee.
  3. Remit2India Moneybookers Transfer - An even faster, overnight transfer method where money is transferred to India overnight. Naturally an expensive method. Processing time: Overnight. Fees: 3.95% of remittance amount plus a small transaction fee.
  4. Remit2India Wire Transfer - This is an option where you can Wire transfer your money from your bank account abroad to an indian bank account at home. Processing Time: 2 business days. Fees: Click on Remit2India Wire Transfer Fees.
  5. Remit2India Guaranteed Rate Transfer - A mode where you can fix the foreign exchange rate at the time of transaction and avoid fluctuations of forex rates. In my opinion not worth it, unless you believe the dollar is going to collapse overnight.
  6. Remit2India Axis Bank Remittance Card - There is also an option which you wont find easily on Remit2India website but can find it on Axis Bank Remit. In this option a Visa debit card is send to the beneficiary where he/she can withdraw upto Rs. 40,000 per month from any ATM. This is re-loadable debit card and hence is a good option if you want to send money to india frequently. Read more about Axis Bank Debit Card.
Payment Options for Remit2Inida
You can pay for your remit2india money transfer directly from your bank account. If you are located in United states, you also have an option of paying with your credit card, but you will be charged 3% of the remittance amount as fee. There is also an option of mailing a check to remit2india.

Cost Comparison of Remit2India with other ACH money transfer services.
I have found that the exchange rates of Remit2India are comparable but slightly lower than SBI Express Remit forex rates. However more options are available for sending money from Remit2Inida. Thus if you are looking for better interest rates and are not worried about all the above options of sending money to india, you may also be interested in trying SBI remittance. Read about even more options to Send Money Overseas.

Articles on Money Transfer

  • Send Money Overseas or Abroad: The most popular and best ways to send money to your home country.
  • Xoom Money Transfer Review
  • Ikobo Visa - A new way to send money abroad where you send a re-loadable visa card to the beneficiary.
  • MoneyGram Money Transfer and Money Order service.

  • Online Remittance to India
  • SBI Remittance Review - My most preferred method of sending remitting money to India. Good exchange rates.
  • Remit2India Options to Send money to India
  • Send Money to India by Paypal
  • HDFC QuickRemit

  • External Links
    Western Union Money Transfer -
    A trusted way to send money where beneficiary collects cash from a Western Union location.
    MoneyGram - International Money Transfer and Money Order. You send money, beneficiary collects cash from a chosen MoneyGram agent or location.
    iKobo - Send Money Worldwide
    Money Transfer by ATM Card. Useful for those who have to send money frequently. Check foreign exchange rates on the homepage of iKobo.
    Xoom Money Transfer - Online Remittance from United States to various other countries. Xoom Fees are around $8 per transaction.

    Send Money to India
    ICICI Remit to India
    Online Money Transfer to India.
    ICICI Exchange rates.
    SBI Remittance
    Online Money Transfer to India.
    SBI exchange rates.
    Remit2India
    Online Money Transfer to India.
    Remit2India exchange rates.
    HDFC Quick Remit
    Remit Money to India online from U.S., U.K., Europe and Singapore.
    HDFC Quick Remit exchange rates.
    CitiBank Online Remit
    Remit Money to India from US.


    Disclaimer
    I have been sending money to India for quite a few years. I have been involved in at least 50 money transfers to India and used 4 to 5 different methods of online remittance. Although I do make efforts to provide accurate information about services related to online remittance, none of the opinion, experience or reviews in this post should be used for making any decisions to remit money to India or any other country. It is easily possible that my experience or opinion about a particular remitting service is different from yours. It is your money that you want to remit. So please verify the information from your own authentic sources before making a choice for remitting your money. I do not accept any liability for incorrect or inaccurate information. Some of the links in the posts may be affiliate links, however the opinions and reviews presented in the post remain honest and unbiased.

    May 15, 2009

    4 comments:

    money transfer May 11, 2010 at 6:22 PM  

    Nice blog for transfer money online. it's facilitate fast money transfer services to overseas.

    s August 6, 2010 at 9:45 AM  

    I really had a very bad bad bad experience with Remit2India and their associated companies like axisremit, timesofmoney etc. They usually claim that the remittance would happen in 3 business days. But it is all trash. Usually it takes a minimum of 10 days. If you try to call the customer service, they will tell beautiful stories. Me and my best friend and his colleague had the same kind of experience and even worser than this.

    Be aware of these companies.

    currency transfer November 19, 2010 at 5:29 PM  

    It's a nice informative blog for currency transfer online.

    Axis remit user September 6, 2011 at 8:52 PM  

    Never ever use Axisremit for transferring money to India. To transfer our money they show hell to the customers. Service is horrible,

    Lot of people had very bad experience with them.

    Best one is SBI or ICICI.

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