Announcing The Winner of Our Financial Literacy Scholarship (Spring 2022)
We are awarding $750 to a student every semester. All you have to do is show us how financial literacy has made a difference in your life.
Founded in 1970 with headquarters in Mumbai, India, Remit2India is an international money transfer service that specializes in helping their clients send money to India. Remit2India currently supports five different currencies: U.S. dollar, Canadian dollar, pound sterling, Irish euro, and Australian dollar, and offers relatively competitive rates. Clients can send money to India from any of the five countries whose currency is supported by Remit2India.
Remit2India has three different types of sending options, and all of them can be done online:
Additionally, receiving money is easy with Remit2India’s “Direct Credit” feature. This means that Remit2India will automatically convert a money transfer to rupees, and credit it into the receiver’s account. This is convenient, as receivers won’t need to rush to a bank to deposit the funds.
Can I send money from my credit card to my bank account?
To sign up for an account, you will need to provide personal information, such as your name, birthday, phone number, proof of identity, and email address. Then, Remit2India will verify your information.
Here, you will add information about your money transfer recipient and the amount you wish to send them . You will also indicate which payment option you would like to use – online banking, direct debit, or wire transfer.
Ensure all your information is accurate before you send your money transfer. Larger money transfers can take up to 5 business days.
Transferable Amounts | $50 – $200,000 |
Types of Transfers | Online, or bank account to bank account (e-transfer) |
Payment Options | Online Transfer, Wire Transfer, Debit, Bill Payment, Email Money Transfer |
Service Coverage | Payments only to India, from Australia, Ireland, Canada, the United States, and England |
Sending money through Remit2India isn’t always consistent. Although their website lists a 2-day period in which your money will be received, some users report payments taking up to 5 business days to go through.
Prefer cash-pick ups? Check out how you can get a cash-pick up with a money transfer.
The cost of sending money through Remit2India depends on how much money you are transferring. For transfers between $50 and $999, the fee is $2.99, which is a very competitive fee compared to other money transfer companies. However, if the transfer is over $999, Remit2India doesn’t charge a transfer fee.
Remit2India is competitive with its exchange rates, which change throughout the day depending on global markets. You can use Remit2India’s Online Exchange Rate Calculator for a more detailed estimate.
Yes, Remit2India is safe and secure. Founded in 1970, Remit2India is owned by UAE Exchange who provides payment solutions globally. With over 500,000 clients worldwide, this company’s systems are protected by Norton Secure, which makes all communications between clients and company agents secure. Furthermore, Remit2India is regulated by Unimoni Limited, another international money transfer provider.
Like all companies, Remit2India has pros and cons. Consider all of them before deciding if Remit2India is the right money transfer company for you.
PROS | CONS |
Expert Specialists: Specializing in transfers to only India since 1970, Remit2India is an expert in their field. | Limited to India: Clients can only send money to India, and to no other country. |
Low Exchange Rates: Remit2India’s exchange rates are lower compared to banks and other money transfer providers. | Slow Transfer Time: Some transfers can take up to 5 business days to complete |
Customer Support, 24/7: Remit2India offers 24/7 customer service support for its clients | No Reward System: Remit2India does not currently offer any rewards for referrals or loyalty |
Intuitive, simple user experience: Users reported the platform to be easy and straightforward. | No recurring payment option: Remit2India only offers one-time payments; recurring payments cannot be set up. |
The Remit2India app is a convenient way to send money to India, it can be accessed on both iOS and Android phones. If using an app is appealing to you, these are the main functionalities of the Remit2India app:
Want to know more about convenient payment methods? Check out Apple Pay and Google Pay.
For individuals looking to send money to relatives or friends in India, Remit2India is a solid option. They offer competitive rates and overall the service is easy to use and affordable. Keep in mind that if you need to send money quickly Remit2India is not the best option as sending time varies and can take up to 6 business days in some cases. Also compare multiple transfer services to find the one that best fits your needs.
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Whether you have good credit or poor credit, building financial awareness is the best way to save. Find tips, guides and tools to make better financial decisions.
We are awarding $750 to a student every semester. All you have to do is show us how financial literacy has made a difference in your life.
Almost $500 in commission-free trades. Code “50TRADESFREE”. Conditions apply.
Borrow $500-$50,000 from Fairstone by May 31 and don’t pay until July.
Build credit while spending money with the Refresh Financial VISA card.
With KOHO’s prepaid card you can build a better credit score for just $7/month.
Check out our interview with addy; a platform that allows Canadians to invest in different properties across Canada with as little as $1.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.