The best way of Remittance to India from Malaysia

The pathway of remittance can differ from country to country based on certain factors. Finding it difficult to make out what are the procedure to transfer money to India? Fred not, at Lotus Remit we aim to help our esteemed customers transfer money overseas from MYR to INR (Malaysia to India) in the best way possible without hassle. However, the best rates on international money transfers will depend on the payment method the customer chooses. Based on Wikipedia findings remittance to India stood at US$68 968 billion in 2017 and increased a whooping US$ 87, 00 billion in 2020 -2021 which is 2.75% of their GDP. Meanwhile, remittances from India to other countries totalled US$ 5710 billion in 2017. Here we’ll walk you through the pathway of remittance to India and how to go about it.

We understand that living abroad by oneself can be difficult on its own and if you have a regular need to send money back to your home country or abroad, it can get overwhelming to choose the best provider. However, there are a few key factors that can help choose the best remittance services. These factors consist of cost and transparency, speed, network strength, and connectivity, security and reliability, versatility and convenience, value-added services, and so on. Here at Lotus Remit, we provide all the above to provide the best service to our customers. We offer the best exchange rates that can be compared to any other transfer and remit service provider. Moreover, we are a trusted name in the field with a loyal customer base who chooses us for their international money transfer needs. Lotus Remit offers affordable services with highly competitive rates and charges very nominal fees on all transactions. Our services also include swift transfers. In addition to that, we provide safe and secure services that comply with all the reluctant rates and reputations.

Furthermore, many are looking for a fast and simple way to send money to their home country. Our services are designed to help the recipient receive the amount in the shortest time possible. We can be relied on to send money as easily and efficiently. No matter your profession or background, you can avail of our services at the best rates at any given time. We understand that there are endless concerns about the time taken for remittance services and how secure it actually is. The usage of Real-Time Gross Settlement (RTGS) also known as the fastest possible money transfer system through the banking channel helps us maintain a fast-paced transfer process. Meanwhile, we have secured arrangements with one of the largest banks in India as well as other parts of the world, where funds from Malaysia are transferred to those correspondent banks. Subsequently, the money reaches the beneficiaries from there. To maintain the security and reliability of our services, we comply with the guidelines issued by Bank Negara Malaysia. Hence, providing services that are completely secure and reliable.

Nonetheless, we provide one of the best exchange rates and low transfer fees so that you don’t lose more money when sending money abroad. When you choose a bank or any other service provider, they can add a markup that could go up to 5%. With that amount added to the exchange rate, one will have to spend a lot on international money transfers. There are many ways one can send money to India and there are methods that cost lesser than the others depending on which you choose. These methods are such as ACH which is a bank-to-bank money transfer processed through the Automated Clearing House Network, Wire Transfer, Online Transfer, International Money Order, PayPal, Personal Check, Bank Drafts, and Cashier Checks. And Email Money Transfer. Any of these methods stated above can be used to transfer money to India.

The question may arise, how do you send money to India online? This can be done in a few easy steps. One can easily send money into your receiver’s bank account in India. Firstly, keep the receiver’s bank details handy consisting of the receiver’s bank account name, account number, and code. Secondly, log on to your profile and make the transaction, if you don’t have a profile proceed to register first. Fill in the international money transfer details and add the complete information of the receiver. Then, pay for the overseas money transfer either via your debit card, credit card, or bank transfer. Once, the transaction is successful, you will receive an email with the details. You can then use the details to track the transfer.

In Conclusion, there are many concerns that come with wanting to transfer money to a specific country. However, Lotus Remit provides one of the simplest and fastest pathways of remittance to India and many other countries. Choosing us will not only save you time and energy but will also prevent you from all the worries and concerns of transferring money to India and other countries globally. Make a wise choice today!