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Remittance Offers in this Diwali Season

It is Diwali season in India and the festive sprits are high. The festival of lights has certainly lifted the dampened sprits of recession with the stock markets rocketing for the past couple of days, even the dropping exchange rates have started to gain with a INR2 gain in the pound from the previous close of INR 73.20 to over INR 75 today.

The remittance service providers have quite a bouquet of offers on their sites, a few of them are as follows -

Barclays Remittance: Online Money Transfer offers UK ATP tour tickets free to its customers who remit money between 10th October till 9th November. The tickets will be for the finals match to be held in London. Please click here to see the promotion.

Remit2India: They offer white-goods which will be delivered to an address in India. The offer requires you to transfer money and play a simple game to be elegible for the offer. Please click here to see the promotion.

Money2India: They offer calling cards on remittances. Please click here to see the promotion.

Don’t miss out on the offers!

Increasing your Remittance Value

Sending money home is always a tricky proposition, especially when you send it frequently and you can’t time the foreign exchange rate movement to get the best value, but here are ways you can better manage your remittances and get a fair remittance value out of it. Now, what is ‘Remittance Value’^©? it is the ratio of cost of remittance divided by time value associated with the remittance. Here we have put a few pointers on how to get the most of your Remittance Value^©.

Click to continue reading “Increasing your Remittance Value”

India post goes for a makeover with new services

India post has signed an agreement with Eurogiro, a global network of banks and financial institutions, for direct money remittance through post offices. Indians working abroad will soon be able to send cash directly to their relatives at their doorsteps through the widespread postal network. “The department of posts will soon join the Eurogiro remittance network, allowing its customers to receive and send money on a par with the best banks in the world,” an official in the Ministry of Communications and IT said to Economic times. Under the proposed scheme, the payment will be made at the doorstep of the beneficiary, as against the existing practice followed by banks and other institutions asking them to come to their offices to collect the payment.

GBP – INR Forex rates on 12th June 2009

The GBP-INR FX rates as displayed by various Indian Online Money Transfer service providers are as per the below table -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 78.63	INR 77.90	0.92%	INR 0.73
HDFC Quick Remit	INR 78.63	INR 77.66	1.23%	INR 0.97
Remit2India	INR 78.63	INR 77.86	0.97%	INR 0.77
Money2India	INR 78.63	INR 77.28	1.71%	INR 1.35
Axis Remit	INR 78.63	INR 77.97	0.83%	INR 0.66
OnlineSBI	INR 78.63	INR 77.57	1.34%	INR 1.06
Bank of Baroda	INR 78.63	INR 76.96	2.12%	INR 1.67
CitiNRI	INR 78.63	INR 77.16	1.86%	INR 1.47

The rate are as of	1:07 PM	12-Jun-09

Disclaimer – The display rates shown in above are for illustration purposes and amy not be applicable to transactions process on the mentioned day or date. We do not claim any responsibility towards the correctness of the data presented here. The data has been colledcted from various websites and we do not solicit any transactions or remittances based on the above representation.

Fx Rates for GBP-INR remittance on 2nd June 2009

The Foreign Exchange rates for money transfer from Uk to India are as follows -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 77.14	INR 76.80	0.44%	INR 0.34
HDFC Quick Remit	INR 77.14	INR 76.46	0.88%	INR 0.68
Remit2India	INR 77.14	INR 76.73	0.53%	INR 0.41
Money2India	INR 77.14	INR 76.54	0.77%	INR 0.60
Axis Remit	INR 77.14	INR 76.83	0.40%	INR 0.31
OnlineSBI	INR 77.14	INR 76.47	0.86%	INR 0.67
CitiNRI	INR 77.14	INR 75.46	2.17%	INR 1.68
Bank of Baroda	INR 77.14	INR 75.18	2.54%	INR 1.96

The rate are as of	8:23 AM	2-Jun-09

Disclaimer: The remittance FX rates have been collated from respective websites which offer money tranfer facility. They are subject to change during the course of the day and remittanceadvisor.com claims no responsibility of any action taken by the users/readers based on this information. This informantion should not be used as any basis for initiating money transfer or used as a case subject.

Foreign Exchange Rates for GBP-INR as of 29th May 09

The indicative rates displayed by various online money transfer service providers are as follows -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 76.44	INR 75.80	0.84%	INR 0.64
HDFC Quick Remit	INR 76.44	INR 74.98	1.91%	INR 1.46
Remit2India	INR 76.44	INR 74.65	2.34%	INR 1.79
Money2India	INR 76.44	INR 74.98	1.91%	INR 1.46
Axis Remit	INR 76.44	INR 75.10	1.75%	INR 1.34
OnlineSBI	INR 76.44	INR 75.52	1.20%	INR 0.92
CitiNRI	INR 76.44	INR 72.84	4.71%	INR 3.60
Bank of Baroda	INR 76.44	INR 74.98	1.91%	INR 1.46

The rate are as of	8:44 AM	29-May-09

Disclaimer: The rates are only indicative and displayed as per the display on the above mentioned time. This is subject to change during the course of the day due to foreign exchange fluctuations. Remittance Advisor™ or any of its affiliates take no responsibility/ownership of the data and in no way solicits the readers to make a choice based on the above rates. The readers are advised to check with the service providers prior to engaging into any commitment.

GBP to INR forex rates on 8 May 2009

The GBP to INR foreign exchange rates as displayed on various online money transfer services and banks -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 74.11	INR 74.00	0.14%	INR 0.11
HDFC Quick Remit	INR 74.11	INR 73.27	1.13%	INR 0.84
Remit2India	INR 74.11	INR 73.32	1.06%	INR 0.79
Money2India	INR 74.11	INR 73.34	1.03%	INR 0.77
Axis Remit	INR 74.11	INR 73.46	0.87%	INR 0.65
OnlineSBI	INR 74.11	INR 73.59	0.70%	INR 0.52
CitiNRI	INR 74.11	INR 72.72	1.87%	INR 1.39
Bank of Baroda	INR 74.11	INR 73.80	0.41%	INR 0.31

The rate are as of	10:52 AM	8-May-09

GBP-INR Foreign Exchange Rates on 6 May 09

UK to India Foreign Exchange Rates as displayed by Money Transfer Operators and Banks [GBP-INR] on 6^th May 2009 are -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 74.28	INR 73.70	0.78%	INR 0.58
HDFC Quick Remit	INR 74.28	INR 73.66	0.83%	INR 0.62
Remit2India	INR 74.28	INR 73.47	1.09%	INR 0.81
Money2India	INR 74.28	INR 73.34	1.27%	INR 0.94
Axis Remit	INR 74.28	INR 73.68	0.81%	INR 0.60
OnlineSBI	INR 74.28	INR 73.59	0.93%	INR 0.69
CitiNRI	INR 74.28	INR 72.84	1.94%	INR 1.44
Bank of Baroda	INR 74.28	INR 73.52	1.02%	INR 0.76

The rate are as of	9:41 AM	6-May-09

Note: The above rates are only indicative as per the websites and have no bearing on the actual transaction. Further, remittanceadvisor.com claims no responsibility over any discrepancy, omission or in-advent errors in data compilation. All data contained herein are, will and continue to be the property of the original publishers.

Foreigh Exchange Rates for GBP – INR on 4 May 2009

Online Money Transfer Foreign Exchange Rates for UK to India remittances -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 74.36	INR 74.26	0.13%	INR 0.10
HDFC Quick Remit	INR 74.36	INR 73.50	1.16%	INR 0.86
Remit2India	INR 74.36	INR 73.43	1.25%	INR 0.93
Money2India	INR 74.36	INR 73.34	1.37%	INR 1.02
Axis Remit	INR 74.36	INR 73.54	1.10%	INR 0.82
OnlineSBI	INR 74.36	INR 73.12	1.67%	INR 1.24
CitiNRI	INR 74.36	INR 72.13	3.00%	INR 2.23
Bank of Baroda	INR 74.36	INR 73.30	1.43%	INR 1.06

The rate are as of	10:06 AM	4-May-09

Fx Rates for remitting Money to India on 29 Apr 09

The forreign exchange rates as displayed on online money transfer operators for India are -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 73.08	INR 73.20	-0.17%	-INR 0.12
HDFC Quick Remit	INR 73.08	INR 72.95	0.17%	INR 0.13
Remit2India	INR 73.08	INR 72.91	0.23%	INR 0.17
Money2India	INR 73.08	INR 72.00	1.48%	INR 1.08
Axis Remit	INR 73.08	INR 73.07	0.01%	INR 0.01
OnlineSBI	INR 73.08	INR 72.81	0.36%	INR 0.27
CitiNRI	INR 73.08	INR 72.20	1.20%	INR 0.88
Bank of Baroda	INR 73.08	INR 72.44	0.87%	INR 0.64

The rate are as of	8:18 AM	29-Apr-09

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Remittance Offers in this Diwali Season

Increasing your Remittance Value

India post goes for a makeover with new services

GBP – INR Forex rates on 12th June 2009

The GBP-INR FX rates as displayed by various Indian Online Money Transfer service providers are as per the below table -

Fx Rates for GBP-INR remittance on 2nd June 2009

The Foreign Exchange rates for money transfer from Uk to India are as follows -

Foreign Exchange Rates for GBP-INR as of 29th May 09

GBP to INR forex rates on 8 May 2009

GBP-INR Foreign Exchange Rates on 6 May 09

Foreigh Exchange Rates for GBP – INR on 4 May 2009

Online Money Transfer Foreign Exchange Rates for UK to India remittances -

Fx Rates for remitting Money to India on 29 Apr 09

The forreign exchange rates as displayed on online money transfer operators for India are -

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