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.