International Money Transfer
India is an ambitious and driven nation. Every year, a large percentage of Indian students go abroad to pursue their higher education. People venture overseas to expand their horizons. While these individuals are abroad, it is imperative to make sure that they have adequate finances to cover their costs. Given this scenario, the need for a quick and convenient money transfer service is high. People require a reliable and safe medium to send money to their loved ones worldwide. SOTC’s international money transfer service is just the answer.
Importance of International Money Transfer Online
People transfer money overseas for many different reasons. As mentioned above, one of the primary reasons is to pay for university tuition and living expenses of children and/or grandchildren who are studying abroad. As the demand for higher education abroad increases, the need for efficient money transfer services do too. Another reason for making an outward remittance, is to provide for friends and family members who require the additional assistance or support. Additionally, the transfer could be purely for gifting purposes like for an anniversary or birthday. Many people also buy overseas property or make overseas investments to enhance the lucrativeness of their portfolios. Whatever the reason may be, an outward remittance helps make international transactions easy, without which important functions like paying rent, meeting mortgage deadlines, utilities bill payments, and redeeming medical insurance, would all be impossible. SOTC’s excellent remittance service ensures that your loved ones can follow their dreams and passions overseas, without being impacted by debt or insufficient funds. But why should you opt for an online transfer? Well, it is speedy, efficient, safe, convenient, 24/hour accessible, and hassle-free. The best part is, it is designed for the user.
How to Send Money Abroad Online
The notion of a money transfer online can be very daunting, especially for those who are technologically unsavvy, or for those who are inherently traditional in their practices. Add in the element of foreign exchange, and people become even more weary of the digital world. Most people prefer to manage their remittances the old-fashioned way. Visiting the bank and meeting with its representatives is a tried and tested way of facilitating transactions. It eases people’s worries, as they feel they have tangible control over their accounts.
However, with SOTC’s user-friendly and informative platform, online transactions are just as simple as offline ones! No matter what customer category you fall under, young or old, student or working individual, businessmen or backpacker, this virtual portal helps you send money abroad with heightened confidence and assurance. Now you can breathe a sigh of relief over a successful money transfer.
To make an outward remittance, follow the simple steps below:
• Log onto the SOTC website
• Click on the Send Money Abroad tab
• Pick the currency and denomination
• Fill in required details such as sender and recipient information
• Get confirmation of money transfer
From providing the best foreign exchange rates, to providing multiple remittance payment methods, to ensuring a reliable network of money transfer service agents like MoneyGram and XpressMoney, to accurate delivery of money, SOTC handles it all.
While online transfers are the way to go and one of the safest options today, we also give you the alternative of visiting us personally. If you would prefer a physical interaction over a virtual one, head to your nearest SOTC branch. Make an appointment with one our forex experts and absolve all your doubts.
Fees and Charges Levied on International
When it comes to a successful international money transfer, one must be aware of all the rules and regulations regarding foreign exchange for e.g., buy rates, sell rates, remittance rates, charges levied for the currency/currencies you wish to send. Luckily, SOTC takes care of the all the heavy lifting, so that you can transfer money globally from the comfort of your home or office at a nominal cost.
Note, remittance fees are subject to levy of Goods and Services Tax (GST), which is payable in addition to the charges.
Countries Available for International Money Transfer
If you would like to send money abroad from India, go over the master list of countries you can transact with.
1. USA
2. European Union Countries
3. England
4. Switzerland
5. Sweden
6. Norway
7. Denmark
8. Australia
9. New Zealand
10. Canada
11. Thailand
12. Singapore
13. Hong Kong
14. Malaysia
15. Indonesia
16. China
17. Japan
18. Srilanka
19. Bangladesh
20. United Arab Emirates Countries
21. Oman
22. Saudi Arabia
23. Bahrain
24. Jordan
25. Kuwait
26. Egypt
27. South Africa
Currency exchange with the aforementioned countries is made easy with SOTC’s excellent planform.
Currency Rate Card
When facilitating an international money transfer, one of the first things to take care of is foreign exchange i.e., swapping your rupee for the currency you wish to send. SOTC’s currency rate card table monitors and tracks the exchange rates of 27 countries across the globe. The table displays buy, sell and remittance rates that are indicative and subject to changes as per market movements. Make sure to check this table for live rates.
Types of International Money Transfer
As stated above, an international money transfer occurs for many reasons. Whether you are paying your child’s tuition fees, helping a sibling with his/her daily expenditure, sending a friend a monetary gift, or investing in overseas property, global money transfers are key to any of these transactions. And we offer you two ways of facilitating a quick, easy money transfer. One, by logging onto our website and clicking on the Send Money Abroad tab. Two, by heading to your nearest SOTC branch for step-by-step instructions.
Why Choose SOTC?
SOTC is an experienced and knowledgeable agency that combines top-quality travel planning and curation, with expert foreign exchange and visa requirements. Deemed as the preferred destination for an international traveller’s checklist, we ensure that every step of the journey is synchronised and harmonious with our wide range of products and services. It doesn’t matter if you are travelling for the purpose of business, leisure or education, we assemble the best rates for you, enhance overall convenience, facilitate secure and safe transactions, and provide excellent delivery. Now, you can engage in an easy-breezy money transfer abroad.
