Economic Times Remit2India is the simplest, fastest, most secure and affordable way to send money to India. Economic Times Remit2India is brought to you in association with UTI Bank. TimesofMoney has developed the technology platform for the service, while UTI Bank undertakes the activity of money transfer.
Economic Times Remit2India has been developed with the intention of addressing some of the basic problems faced by you as an NRI while sending money to your loved ones in India:
Simple: Economic Times Remit2India is the only door-to-door service available for remitting money to India. You can log in from the comfort of your office or home, and complete the transaction. The money is delivered directly to the door of your beneficiary via a locally payable Demand Draft or it is directly credited into the account in India.
Secure: TimesofMoney comes with the proud parentage of The Times of India Group, in partnership with UTI Bank, one of the most respected names in banking in India. The website has been designed in accordance with the highest global standards of security including SSL encryption for data transmission, and extensive firewalls to protect your information stored with us.
Inexpensive: With transaction fees as low as $3, Economic Times Remit2India is your most affordable mechanism to send money to India. There are no hidden costs or fine print. You pay nothing extra for courier and DD charges in India.
Online Tracking: You can follow the status of your remittance online on your "Online Tracker" or just check your mailbox for e-mails from us updating you on every step of your transaction.
Personalized Message: You can include a special personalized message to your beneficiary with every remittance, free of cost!
Enriched Features: You can maintain an address book of all your beneficiaries, and refer to them with familiar nicknames while making remittances in their favor.
Money 2 Receiver's Bank: You can directly deposit the money into your beneficiary's bank account in any of our 54 partner banks.
So, how does Economic Times Remit2India work?
It's actually very simple
Step 1
Register online on the www.economictimes.com website.
Step 2
Input details of the beneficiary in your Address Book.
Step 3
Place your remittance request, including details of amount, purpose of remittance.
Step 4
Send a check payable to UTI Bank A/c Remit2India.com to the UTI Bank mailing address
in the US or UK for the amount entered by you on our website, and quoting your unique
Remittance Reference Number on the memo area of your check. OR Print out the wire transfer instruction from our website and instruct your bank to wire the money to UTI Bank in
the US, Canada, UK, Euroland, Japan, Singapore, U.A.E, Australia and Hong Kong. OR
Add your bank account details and once the details are authenticated, you can begin
remitting money and based on your instructions, Economic Times Remit2India will directly debit your
bank account in the US From UK and Singapore you can use your Internet Banking account to send money through a Customer Initiated Payment (CIP).
That's it! Your funds are on their way to the beneficiary!
As soon as your funds are received by us, the funds are transferred by UTI Bank to India and converted to Indian
Rupees. A locally payable Demand Draft for the Indian Rupee amount is immediately couriered to the beneficiary, and
you receive an e-mail confirmation from us after the funds have been delivered to their doorstep.
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