Remit2India international money transfers

With instant tracking and guaranteed exchange rates, Remit2India is one of the fastest, safest and most convenient ways to send money to India.

Remit2India facilitates quick, secure transfers of funds between Canada and India. Claiming over a million satisfied customers on its books, Remit2India has streamlined its online operations to provide fast and easy service to registered and first-time customers.

Servicing one of the fastest-growing and largest foreign-population groups in Canada, Remit2India counts 89 banks and 87,000 branches in its financial network, and allows for account-to-account transfers to any bank in India. Customers have a choice of transfer options and can track money all the way to its destination, making it a safe and secure option for transferring money overseas.

Whether you’re transferring $50 or $25,000, Remit2India promises customers total security when it comes to money transfers. In addition to already airtight security measures, customers can also opt for extra assurance to protect against online hacking, service attacks and viruses. Customers can calculate up-to-the-minute exchange rates and fees right on the website. Whether sending funds via wire or online transfers, Remit2india states its customers can have peace of mind, knowing that their money is protected every single step of the way.

Remit2India exchange rates

Remit2India offers its customers competitive exchange rates for money transfers, converting Canadian dollars to Indian rupees at the indicative or current exchange rate. You can work out the exchange rate on Remit2India’s online exchange rate calculator. Rates are updated several times a day to give customers an accurate idea of the value of Canadian dollars against rupees.

Remit2India customers sending money from Singapore and the UK have the option of a guaranteed exchange rate. This means that the exchange rate is fixed on the day the transfer is sent, instead of the rate on the day the money is converted to rupees, which usually is between one to four business days after leaving the sender’s account.

Remit2India pledges to help customers get the most out of their money by offering the best and most competitive exchange rates for transfers to India. The bigger the amount of money sent, the better the exchange rate, so it pays to send larger amounts of money at one time.

How much does it cost to transfer money with Remit2India?

Remit2India users are liable for certain fees when transferring money. These fees vary depending on the amount of money sent and also the sending and delivery options you choose. Depending on the sender country, Remit2India offers special limited deals on transfers, like partial waivers on transaction fees or no fees payable for transfers over a certain amount. For example, Canadians pay $4.99 on amounts between $50 and $500, while amounts over $500 incur a fee of 0.95% of the sending amount. Below is a list of transfer fees for each country from which you make transfers (at the time of writing in January 2018).

CurrencyTransfer fee (minimum)Service fee (minimum INR)
AUDAUD$6INR34
CADCAD$9INR34
USDUS$3INR34
HKDHKD$30INR34
JPYJPY1000INR34
NZDNZD$6INR34
SGDSGD$6INR34
IRELANDEUR2INR34
EUROEUR2INR34
GBPGBP3INR44
AEDAED10INR19

Minimum transfer amounts and available countries

Remit2India is unique in that it facilitates money transfers to India only. However, customers can send money from all over the Asian Pacific, Europe, the UK and the Emirates to over 6,000 locations in India. Minimum and maximum transfer amounts vary from country to country, as well as the applicable transfer and service fees charged. In most cases, customers can contact Remit2India directly if they’d like to send more than the maximum transfer amount. Below is a list of currencies from which Remit2India will convert to Indian Rupees (at the time of writing in January 2018).

CurrencyMinimum amount (Rupees)Maximum amount (Rupees)
AUD5025,000
CAD5050,000
US5010,000
HKD5050,000
JPY100002, 000 000
NZD509,500
SGD50200,000
IRELAND5025,000
EURO5025,000
GBP508,999
AED5050,000

What types of transfers can you carry out with Remit2India?

Sending options for Canadian customers include bill payments and wire transfers.

  • With bill payments, you can send money online to India, anytime and anywhere. Money generally reaches your recipient within one business day. No bank fees are charged by your Canadian bank for this transfer. This option works from the following Canadian banks: Royal Bank of Canada (RBC), Bank of Montreal (BMO), National Bank of Canada, Caisse Centrale Desjardines and Tangerine (formerly known as ING).
  • Wire transfers are sent from your bank account to the Remit2India account. This saves you money since it’s not an international wire transfer. The company make the transfer to India. Money likely reaches your recipient within one business day. A fee will be charged by your Canadian bank, however it’s significantly less than an international wire transfers.

Remit2India has an extensive delivery network spanning 6,000 locations across India. If customers prefer to send money via demand draft, Remit2India engages a courier service to drop it off right at the recipient’s door. Should the recipient’s address fall outside of the areas serviced by the courier, Remit2India will send the demand draft by registered post. Delivery time depends on the location, but couriers usually take two to three business days. Delivery by registered post can take up to 15 days.

The registration and transfer process

Transfers from Canada can be made via wire or bill payment transfers, but Remit2India also offers a range of additional sending options for customers located in other countries.

Before using Remit2India, you have to open an account online. Registration is quick and safe since it only requires the sender’s basic ID and contact information. You can sign up via Remit2India’s online form or connect with their Facebook or Gmail accounts. Customers then provide the recipient’s details, choose a sending option and click “Send”.

Wire transfers and bill payments generally take one business day to send. Money is either deposited directly into your recipient’s accounts or delivered by demand draft (via registered post or courier and redeemable in Rupees). Remit2India is currently expanding its operations to more countries, but clients can currently send money to India in ten currencies including: US Dollars, Canadian Dollars, Singapore Dollars, Pound Sterling, Euros, Japanese Yen, UAE Dirham, Australian Dollars, New Zealand Dollars and Hong Kong Dollars.

What are the pros and cons of using Remit2India?

Pros

  • Remit2India is the first and only transfer service that sends money to India only. Customers benefit from focused expert attention. This also makes the service more affordable.
  • After 13 years building their business, Remit2India counts 89 banks in its financial network and delivers to over 6,000 locations across India.
  • Money can be followed via Remit2India’s Status Tracker and customers are given updates at every stage of the delivery process.
  • The recipient doesn’t pay any taxes on the incoming money.
  • The whole process is cashless and everything is managed and finalized online.
  • Remit2India’s customer support system is available 24/7 and also allows for complaints to be escalated if they are not resolved to the customer’s satisfaction.

Cons

  • Canadian customers benefit from only two sending options, whereas customers in other countries can send money via ACH/Direct, ACH/ Trans-Direct, Insta-Debit, DirectDebit and cheque.
  • Minimum sending amount in Canada is $50.
  • The Remit2India service is only available to Indian nationals (non-residents) and people of Indian origin.

What other products and services does Remit2India offer?

Remit2India’s products and services are tailored to customers who need a fast, reliable and safe money transfer service to India. Customers sending money from Canada don’t benefit from the full range of sending options, but they can still take advantage of Remit2India’s Power Plan programmes.

  • FX Voucher. Remit2India offers its return customers this voucher that guarantees better exchange rates for as long as the voucher is valid.
  • Money on Referral (MOR). This program rewards you for every friend or family member referred to Remit2India. Members can add their contacts saved on social network platforms and email address books. After the referral’s first transaction is complete, Remit2India rewards both the customer and the newly registered member with 500 rupees.
  • Remit2India Assurance. This additional protection safeguards against online threats like hacking and identity theft. Customers can opt to assure each transfer or assure all transfers during a one-year period.
  • Status Tracker. Remit2India’s Status Tracker service allows you to keep close track of the money as it makes its way towards your recipient.

Frequently asked questions

Wire transfers take one business day to reach the recipient’s account. Online transfers take two to three business days to land. Demand drafts delivered by courier take two to three days depending on the recipient’s location, whereas registered post will deliver within 10 to 15 days if the recipient’s area is not serviced by the courier service.

The minimum amount for transfers from Australia is A$50. The maximum transfer amount is set at A$25000. Customers can contact Remit2india directly if they’d like to send more than the maximum amount.

Remit2india handles the following 10 currencies:

U.S Dollar, Canadian Dollar, Singapore Dollar, Pound Sterling, Euros, Japanese Yen, UAE Dirham, Australian Dollar, New Zealand Dollar and Hong Kong Dollar.

Besides Australia, senders can transfer money from 23 other countries, including the United States, the UK, Singapore, Canada, Germany, Austria, Belgium, Cyprus, Finland, France, Greece, Hong Kong, Ireland, Italy, Japan, Luxembourg, Malta, the Netherlands, New Zealand, Portugal, Slovakia, Spain and the UAE.Remit2india’s customer support is available 24 hours a day, seven days a week. You can request a call-back via the website. If not satisfied with the way a query was handled, customers can escalate the complaint.

Was this content helpful to you? No  Yes

Ask an Expert

You must be logged in to post a comment.

Go to site