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Send Money from India to USA with Global Edu Loan and Exims Services
It is now extremely easy to Send Money from India to USA. Carrying out an international money transfer order may sound tricky but it’s fairly easy if it’s done right. There’s a common doubt that a lot of people have on which one’s the better option: Doing a money transfer online or visiting a branch of your own bank to do so? Global Edu Loan and Exims Services has changed all of this by bringing a revolution in the way you send money overseas. To send money to USA, you can visit our website or download our mobile app and fill in the details. We are committed to ensuring that financial transactions are transparent, and we make sure you are informed at every step of the process.
For those looking to transfer money to USA, Global Edu Loan and Exims Services platform is a great choice. Global Edu Loan and Exims Services provides you the best forex rates and you end up paying 2% less only on Global Edu Loan and Exims Services than what you will do when you visit banks yourself.
Remittance is of Two Types:
Outward Remittance: When You Send Money from India to a Foreign Country
Inward Remittance: When You Send Money to India from a Foreign Country
Ways of Sending Money to USA from India:
You have two methods to transfer money:
1: Wire Transfer from India to USA (Swift Transfers)
2: Demand Drafts (money orders)
What is a Wire Transfer?
Wire transfer or online wire transfer from India to USA is the easiest and best way to transfer money. Though online wire transfers are done by banks, it is cheaper to use online platforms like Global Edu Loan and Exims Services as Banks in India charge anywhere from Rs. 500 to Rs. 1000 to process it. Moreover, most foreign banks that receive the money also charge a foreign correspondent fee ranging from USD 10 to USD 40. When you send Dollar through a Wire Transfer to USA, Global Edu Loan and Exims Services does not charge anything.
What is a Foreign Currency Demand Draft?
Demand drafts are physical paper drafts issued in specific foreign currencies. Sending money from India to USA through this method is another convenient option. Nevertheless, it is essential to keep in mind that transferring money by demand draft to the United States is a much more time-consuming process. In contrast, wire transfers take only 12 to 48 business hours.