Transferring Money To India Through ACH Mode

Remittance to India is very common for the NRIs whose parents/ family stay’s in India and they work abroad. Every month they are liable to remit the certain amount for their near and dear ones in India. The reasons can be many wedding of their siblings, monthly expenses of family, education of their siblings or children etc.

Nowadays there are many money transfer services available to transfer money in India like Wire Transfer where you to just transfer your money to any foreign bank account or you can transfer through money order or Bank drafts or through NRE or NRI accounts or through ACH transfer which is very new and easy way to transfer money to India. You use any mode of payment for transferring money to India but make sure that it is reliable and saves to use because at the end of the day it your hard earned money. The rights to enjoy your money should be of your family and yours and not any of the third parties likes banks of service provider.

With the growing time all are well familiar with the traditional method of nri money transfer like Wire, transfer, NRE or NRI account etc.  But not aware with the new way of transferring the money to India i.e. ACH Transfer. ACH transfer means transferring the money through Automated Clearing House (ACH) in simple term an electronic transfer from one bank to another bank. It is easiest as well as quickest transfer of money that also at your convenient time where you are not required to visit bank physically as well as no paper work. Just go to the site of your bank and login, debit your account (Aboard) and credit the account of your near and dear ones in India. You are DONE with transferring money to India. It takes 4 working days for transferring the money to India without incurring any additional cost. 

The banks provide you with two types of ACH debit services with nri money transfer. The first type is where the service provider every month takes the money from your account automatically at specific date and transfer to your Indian account. Just by signing their ACH debit program. And the second type of transfer is where you only have to initiate and transfer the money. In short you have to set the transaction. All is done under your supervision. Without your permission the single money cannot be transferred to any other account.

ACH transfer is easy and quickest way to transfer money but then at the same time you should take in the account some of the factors like:-1. Credibility of the bank as it is your hard earn money. 2. The cost of the transaction i.e. fees. 3. Most important the conversion rate. One should always use the best rate to convert the foreign currency in Indian rupee. Try to avail best out of best rate for conversion. 4. The time span taken by the bank to transfer the money to India. ACH service is one of the easiest services with keeping few points in mind of money transfer services.

For more info visit Money Transfer Services & Nri Money Transfer