I use money2india all the time since they have no fees. Only problem is that the Exchange rates you get are always lower than what they quote you at the beginning of the transaction. It's still better than the $20 you get charged on $1000 transaction but for higher amounts like $2500 it may even out. I definitely don't like money2india service due to fluctuations in Exchange rate but it's still best among the lot.
RE:Best channels to remit money to India
by elsen david on Oct 24, 2007 02:46 AM Permalink
Yes, Money2India shows different exchange rate on their website and they use much lower than that and say that service is free. I do not consider this as best.
RE:Best channels to remit money to India
by sujoy chowdhury on Oct 28, 2007 06:34 PM Permalink
remit2india is the best one. Site is remit2india.com You can refer me too. My user ID unbeatensujoy. Try that u will get definitely more than money2india. U will get the comaprison between money2india and remit2india.com
RE:RE:Best channels to remit money to India
by sujoy chowdhury on Oct 28, 2007 06:37 PM Permalink
use NRE-ACH mode for transfer if u are transfering to any indian bank account.
RE:Best channels to remit money to India
by on Oct 28, 2007 10:53 PM Permalink
wire transfers work fine. but only for larger amounts say above 5k usd, they take some time but are secure and charges r ok.
RE:RE:Best channels to remit money to India
by Gan Van on Oct 24, 2007 04:22 AM Permalink
Dollar value is not same through out a business day and they seems to considers the lowest value on any given day, If you are lucky, you may get MAX of the displayed forex. M2I is better for small amounts, Wire is better for large amount.
