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What is Remit2India Money Transfers?
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| This is a completely online mode of sending money from 22 countries across the world to India. Customer needs to follow three simple steps to send money to India. |
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Register on Remit2India Money Transfers site by providing elementary details. |
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Provide his bank details.
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Provide the receiver's details in India. |
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Who can use Remit2India Money Transfers?
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| Any person/organization who wishes to make a payment (in foreign currency) to an individual/organization in India (in Indian Rupees) can use Remit2India Money Transfers. |
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Which currencies can you use to make a remittance?
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Presently, you can make a remittance in 9 currencies, viz, U.S Dollars, Canadian Dollars, Singapore Dollars, Pound Sterling, Euro, Japanese Yen, UAE Dirhams, Australian Dollars and Hong Kong Dollars.
The remittance will be delivered to your beneficiary's account or doorstep delivered as a locally payable demand draft in India in Indian Rupees only. |
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Which countries does Remit2India Money Transfers service?
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| For the above mentioned currencies, Remit2India Money Transfers services 23 countries, viz, United States, United Kingdom, Australia, Canada, Euroland (14 countries of the European Union), Japan, Singapore, UAE, and Hong Kong. Operations to other Asian and Gulf countries will be offered soon. |
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Why should a user trust Remit2India Money Transfers?
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| Remit2India Money Transfers is brought to you by The Times of India Group. With over 150 years of service to the nation, The Times of India is a household name in India. The founding principles laid by the promoters and partners of Remit2India Money Transfers is to provide value, convenience and more importantly, transparency and security to customers |
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Why is Remit2India Money Transfers safe?
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| Remit2India Money Transfers does not share the personal information provided by you with any third party (unless, of course, required to do so by law!). For details read our Privacy Policy. When you make a remittance at Remit2India Money Transfers, you can send Check, make a local Wire Transfer via your bank or make an Online Transfer to directly debit your bank account. In either of the three modes, no debit appears in your bank account unless you have personally authorized it. All transactions are carried out across secure encrypted lines and state-of- the-art firewalls, which have gone through extensive security tests. |
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What type of payments can you make through Remit2India Money Transfers?
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| Inward remittances for: family maintenance, purchase of property, investments, transfers to NRE accounts and donations are the kinds of payments that you can make through Remit2India Money Transfers Remittances from foreign tourists visiting India and Trade related remittances can also be sent. |
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What is the Remittance Transaction Reference Number or RTRN?
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The Remittance Reference Transaction Number or RTRN is the unique number displayed on your screen at the time of booking your remittance. Consider it the root of your transaction.
You get to know the exact status of your transfer by simply clicking on your RTRN on our Online Tracker.
If you are writing an email to us, or if you are chatting with us online about your transfer, you need to quote your RTRN.
If you call our toll-free 1-888-REMIT-TO number to speak with any of our Relationship Managers about your transfer, you need to specify your RTRN.
When you make a Check Option, you have to write your RTRN in the memo area of your Check.
If you are sending a Wire Transfer to the bank via your local bank, you need to fill in your RTRN on the Remittance Confirmation Page, which you will print out after completing a transaction at Remit2India Money Transfers to submit to your bank. |
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How are you informed of your transaction status?
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Once you book a remittance on Remit2India Money Transfers, we keep you informed on the status of your remittance through regular email updates and reminders. The various status displays and their explanation is as follows:
Money Awaited : This means that the funds had not reached the bank, by check or wire transfer, as per your choice. This shows up when you have not mailed us the check, or if the check is in the mail, or if your wire transfer has not reached us.
Money in Clearing : This means that the bank has received your check or ACH Transfer instruction and it is in the banking channels for clearing.
Money Dispatched : This means that your check or ACH Transfer instruction has been cleared, or your wire transfer funds were realized, and your funds have been dispatched to your beneficiary.
Money Delivered: This means that the Demand Draft has been reached to your beneficiary or the amount has been directly deposited, and you can view the delivery details against your Remittance Reference Number.
Dead Letter: This appears if, one month after booking your remittance with us, the bank has not received your funding check or your wire transfer instruction. This means that if you would still like to send money to your beneficiary, you will need to book it as a new remittance.
Of course, apart from regular email updates from Remit2India Money Transfers, you can keep yourself updated on the status by using "Status Tracker" at Remit2India Money Transfers. All you have to do is click on your RTRN number. |
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Is there a limit on the number of beneficiaries that you can remit money?
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| No. You can send the money to as many people as you wish. Remit2India Money Transfers has an Address Book tool where you can enter and store your receivers' details. |
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Can you send money to an NRE account through Remit2India Money Transfers?
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| Yes. You can send money to any NRE account in India. If you have an account with any of Remit2India Money Transfer's partner banks for NRE accounts, money is directly credited into your account. Alternatively, a locally payable demand draft is sent to the bank where you have your NRE account. |
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Do you or your beneficiary need to open any special bank account?
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| No. You can continue to use your existing account. |
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Is a remittance sent through Remit2India Money Transfers taxable for a beneficiary?
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| No. Since you have paid your taxes overseas on income that you have earned, your beneficiary does not to pay a tax on the money that you send home. |
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How is Remit2India Money Transfers better than alternate modes of remitting money to India?
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| Remit2India Money Transfers transaction fees are extremely affordable, and exchange rates are among the very best. And there are no hidden charges unlike other services that send the money to your beneficiary net of courier and Demand Draft costs.Moreover, Remit2India Money Transfers services Draft delivery facility to over 13000 destinations and direct deposits into Receiver accounts across 90 banks, including 11000 plus SBI branches across the country. What's more, a 24x7 customer service provides you with round-the clock-service. |
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