Sending money from any country to your parents in India is now very easy. Many banks and financial institutions have opened their specialized services for money transfer to India. The procedure for availing these services is very user friendly. The users simply have to log into their accounts and send money to India after completing a few security checks and filling a few simple forms. The money sent by the users is delivered at the doorstep of the recipient through a local demand draft tool or through a direct credit entry into their Indian accounts. Some of the banks allow you to send money orders to India after purchasing them from abroad. Bank money orders use the local postal services for money transfers to India. Foreign currency cheques are also effective methods for sending money to India. The recipient can deposit this cheque at his bank for cashing it directly or transferring into his account. This process of money transfers to India takes about 20 to 25 days. Foreign currency drafts are similar to these cheques. However, these drafts have been already paid abroad and then sent to India. These drafts are generally used for business deals and trading purposes. A normal process to send money to India will take about 21 days to complete. Reloadable remittance cards are like debit cards that are used for money transfers to India. This card can be purchased on the recipient's name in India from selected banks and then one can send money to India through their online remittance facility. Direct debit is yet another transfer method that takes funds out from your foreign account and transfers it into the Indian account of the recipient. NRI accounts for money transfer to India are most widely used. It is an Indian bank account opened for NRI's to hold their money in Indian currency. This account can also be accessed through foreign branches of that bank.
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