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India Post’s two new services – MO Videsh and Flat Rate Boxes

Union Communication and IT Minister A Raja today launched India Post’s two new services – MO Videsh and Flat Rate Boxes. MO Videsh was an offering in the field of international remittance services, which would be the first outward remittance service from the Department, barring the paper based money order service that existed towards Nepal and Bhutan, India Post sources said.

Click to continue reading “India Post’s two new services – MO Videsh and Flat Rate Boxes”

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.

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 – INR Fx Rates on 13 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 75.28	INR 74.70	0.77%	INR 0.58
HDFC Quick Remit	INR 75.28	INR 74.56	0.95%	INR 0.72
Remit2India	INR 75.28	INR 74.48	1.06%	INR 0.80
Money2India	INR 75.28	INR 74.35	1.23%	INR 0.93
Axis Remit	INR 75.28	INR 74.75	0.70%	INR 0.53
OnlineSBI	INR 75.28	INR 74.05	1.63%	INR 1.23
CitiNRI	INR 75.28	INR 72.84	3.24%	INR 2.44
Bank of Baroda	INR 75.28	INR 73.81	1.95%	INR 1.47

The rate are as of	9:11 AM	13-May-09

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 7 May 09

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 74.64	INR 74.00	0.86%	INR 0.64
HDFC Quick Remit	INR 74.64	INR 73.91	0.98%	INR 0.73
Remit2India	INR 74.64	INR 74.15	0.66%	INR 0.49
Money2India	INR 74.64	INR 73.34	1.75%	INR 1.30
Axis Remit	INR 74.64	INR 74.31	0.45%	INR 0.33
OnlineSBI	INR 74.64	INR 73.71	1.25%	INR 0.93
CitiNRI	INR 74.64	INR 72.84	2.42%	INR 1.80
Bank of Baroda	INR 74.64	INR 73.42	1.64%	INR 1.22

The rate are as of	10:46 AM	7-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

Remit2India: Money on Referral

Remit2India launched on 28th April 09, a new referral program targeted to increase business via new customers. The program is called “MORE Friends = MOR Money“

With MOR, the program claims that you will make money on referrals as well as your friend’s first transaction through us. For every friend that you refer, your Remit2India account^* will be credited with INR 150 (US$ 3 approx.) immediately.

Immediately after your friend completes his first transaction through Remit2India, your MOR statement^* will be again credited with a further amount of INR 350 (US$ 7 approx., the account or stament is not clear)

To know more about the offer please click here.

There were no terms and conditions available on the referral promotion page for review at the time is article was published. * – Remit2India account is not clear since the service does not operate any known e-wallets. The site mentions that the referral amount can be added to the next transaction.

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India Post’s two new services – MO Videsh and Flat Rate Boxes

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 -

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

GBP – INR Fx Rates on 13 May 2009

GBP to INR forex rates on 8 May 2009

GBP-INR Foreign Exchange Rates on 7 May 09

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 -

Remit2India: Money on Referral

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