Residing in a different country is a decision which come with lot of responsibility. Any individual who plans to shift his or her base to a different country plans his or her stay and further proceedings in advance. An individual shifts his or her base for many reasons, such as job opportunities, further studies, getting settled after marriage are few to be mentioned. There are many occasions in our Indian subcontinent such as weddings, festivals, emergency cases which at times cannot be missed. But not always it is possible to travel, may be due to responsibilities back in the foreign land. Hence, providing financial support in such occasion is what a person prefers.
Germany is one such country which has lot of Indian population. As mentioned earlier there are good amount of NRIs residing in the country. Germany is considered to be one of the developing countries and it offers excellent work opportunities too. There are many Indians who prefer to work abroad for good wage and better lifestyle. They consider the thought of residing abroad as it fulfills their demands. India and Germany have good ties and both these countries are enhancing their relations and various steps.
Since these Indians have their families residing in India, sending money to India from Germany is their prime responsibility. So sending money is a process which is followed selecting different methods. There are various way to send money to India from Germany, The oldest form of money transfer is of course, the transfer of cash from one person (sender) to another (receiver). Today, far more sophisticated mechanisms exist for the transfer of money. Money is majorly transferred electronically, below are the few options.
An online bank transfer is the easy way to transfer money. If your bank offers phone or online banking, you can transfer money directly to another account. All you need is the account details of the person or company you’re paying.
Though this may be considered the old-fashioned way when it comes to transferring money, this option can be extremely practical in some circumstances. For occasions where time is not the most important consideration, simply withdrawing cash and physically bringing it to another bank to deposit into an account is completely free. Keep in mind that sending cash through the mail is discouraged. If the mail gets lost, there is no way to retrieve the money.
Online Money Transfers –
Online money transfer is a modern concept of transferring funds from bank to bank with the help of an online money sending portal. There’s no need to go to a money wiring office, telegraph station or even a bank. With online money transfers you can send someone money simply by transferring money from you to another person. Usually involving little more than contact information like bank account details, contact number and full name name of the receiver.