What do you use to transfer money to India?


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musicgold   
Member since: Jul 07
Posts: 119
Location:

Post ID: #PID Posted on: 03-08-09 12:15:59

Hi,

Recently, I have been required to transfer money to India, frequently.

So far I have used ICICI Canada for that. However, I am fed up with their patheteic service. Firstly, their exchange rate (CAD to INR) is about a dollar plus less than one that can be seen on Google. In addition they charge $7-10 for each transfer.
Moreover, a typical tranfer takes 15-20 days - where direct electronic tranfer is not possible.

What options do you use to transfer money to India?

Thanks,

MG.



iamhere   
Member since: Feb 08
Posts: 142
Location: GTA

Post ID: #PID Posted on: 03-08-09 19:37:01

There are several Desi transfer services as well but I am not sure about the their services and exchange rate.

I prefer transferring through Money Gram. Though Western Union services are good too but I have always noticed their exchange rate a little less and fees a little more than Money Gram.

Try Money Gram


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freakoutguy   
Member since: Sep 06
Posts: 666
Location: GTA

Post ID: #PID Posted on: 03-08-09 20:55:25

I have been using ICICI Money 2 India (not ICICI Bank Canada) for the past 7-8 years and am pretty satisfied with their service. Earlier, I used to use the cheque deposit option, now I am transferring money directly online through direct debit of my chequing account. The transfer takes place within 3-4 working days and I have found the conversion rates to be fair. There are no remittance fees if you deposit to your ICICI NRO a/c in India.

T







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