Sending Money to India – Easy, Fast, and Safe

Globalization and technological advancement have shrunk the world, creating a global village where transactions spanning thousands of miles are made flawlessly. If you’ve ever pondered the question – “How to send money to India?” worry no more, this article offers you a comprehensive guide on the most reliable methods to do so, including via The Hai Ha Money Transfer service.

The Traditional Banking System

Traditionally, the banking system has been the most utilized method of sending money overseas. Major banks across the world provide overseas money transfer services, and you as a customer can initiate the transfer either online or by visiting the bank branch physically. It usually requires you to fill in the details such as the receiver’s account number, the name of the bank and branch, and the bank’s SWIFT code or IFSC, in case India.

However, international bank transfers may sometimes come with steep transaction fees and less favorable exchange rates, lengthening the transfer time. Therefore, it should be used if you aren’t pressed for time and sending large amounts, as the fees often benefit larger transfers.

Money Transfer Services

There are numerous other options available to send money to India aside from the traditional banking system. These are money transfer services like PayPal, Western Union, and Hai Ha Money Transfer.

Among these, the Hai Ha Money Transfer service stands out with its exceptional rates, customer service, and transfer speed. The service is simple to use, and the procedure is straightforward. You create an account, then input the receiver’s information, and select the amount you wish to send. Checks and reviews of information follow, after which you confirm the transaction.

Online Payment Platforms

Alternative digital payment platforms like Paypal, Google Pay, and Skrill have made it easier for people to send money to India. These platforms offer the advantage of instant or almost instant money transfers. They also have user-friendly interfaces which make it easy to enter the recipient’s details and initiate the transfer.

Online payment platforms, however, may charge transaction fees and offer exchange rates that are less competitive than banks or other money transfer services.

Mobile Wallets

Mobile wallets are another handy method for sending money to India. Payment apps like Paytm, MobiKwik, and others have made transactions quite straightforward. One just needs to download the app, create an account, link their credit/debit card, and they are good to go. However, the sender must ensure that the receiver in India also uses the same app to successfully transfer the money.

While relatively new, this method of transferring money is becoming increasingly popular due to the increasing usage of smartphones and the internet.

Final Thoughts

When deciding on the method to use when sending money to India, you should consider the transaction fees, exchange rates, speed of transfer, and the convenience for both the sender and receiver.

The Hai Ha Money Transfer service is one reputable option you can not afford to ignore. However, the best transfer method should depend on your particular needs and the urgency of the transfer.

It’s paramount, however, to ensure security while making these transactions. And remember to always check the transaction fees and exchange rates before initiating the transfer, to make the most cost-effective decision.

Sending money to India is no longer a complex task. With a myriad of options available, you can find the one that perfectly fits your needs.

For better options, you need to decide whether your trading is long-term or just frequent changes in regular aspects. The right platform will help users to buy, sell, and trade their cryptocurrencies safe and at ease. Koinbazar – one of the best centralized p2p cryptocurrency exchange platform allows users to buy, sell, and trade their assets. And also it comes with a crypto wallet that helps to store your cryptocurrencies for a long term or frequent trading.

In this article, we will help in choosing the best platform as per your expectations. And also you will find the crucial factors to look up before selecting the best cryptocurrency exchange platform.

Important aspects to look for cryptocurrency or bitcoin exchange:

AML or KYC:

Every cryptocurrency exchange sites follow different laws. It depends on the offering, practices, and, locations of the cryptocurrencies such as BTC, ETH, and others. Some of the platforms demand KYC (Know Your Customer) or AML (Anti-Money Laundering process. These practices are proposed for the users to submit some of their personal information which is required for creating their account and performs the exchange process.

Reputation of the crypto exchange platform:

Cryptocurrency is a massive industry today and gaining a lot of reputation in the market. Before picking the crypto exchange platform, reputation is essential for considering it. Because, some of the exchange sites have resulted in scams, hacks, and others. Before choosing the platform, you need to do proper research about the website to make sure that it is highly reputed. From this, you will get to know about the efficiency of the platform. However, you can also check out the terms and conditions of all exchange platforms to ensure that there is nothing doubtful in it.

Security aspects:

Almost all exchange platforms offer high security that helps to keep your investments and trading process safe. You need to make sure that the exchange sites offer two-factor authentication or not. In addition to this, you also need to consider whether it is compatible with google authentication or not. Because you can ensure better security for your exchange platforms. There are several safety measures that you need to look at before investing in any of the exchange sites. Some other security aspects are SSL certification, cold storage wallets. This security feature offers different trading experiences to the users.

Available in your country:

Not all platforms are available for the trading process worldwide. To ensure that the exchange website is available for your country or not. Many financial regulations are there which creates an impact on the cryptocurrency market. Keeping this aside, the regional factor is important to consider as some of the exchange platforms won’t allow trading in different countries rather than the one which is based on the country where the exchange platform available. However, do some research and ensure that you choose the right crypto exchange.

Trading fees:

You need to check out the trading fee which is charged by the exchange platform. You can buy cryptocurrency with exchange websites to ensure that you save some amount of money. A specific trading fee is there for every time you buy, sell, and trade cryptocurrency from the exchange platform. For daily traders, it is one of the crucial factors to consider. So, look for the platform who charges low trading fees.

Availability of cryptocurrency:

Before choosing the best exchange platform, you need to look at the availability of cryptocurrency options with the site. There should be various digital currencies available for buying, selling, or trading which help users to choose the right ones on the site. Moreover, liquidity is also an important factor that must fill orders on the platform. With the different options available for their choice, users will invest in the right one to gain profitable outcomes in the long run.

Conclusion:

The above-mentioned factors are important aspects to consider before you choosing the best cryptocurrency exchange platform for trading, buying, or selling cryptocurrencies. It might be tough to choose if you are a beginner. So,buy cryptocurrencysuch as bitcoin, ETH, or any other crypto coins after checking all the above factors. There are many spam and fraudulent sites which have resulted in a financial loss for many crypto traders. So, to keep your assets safe, go-through all aspects of the exchange platform that are mentioned clearly to pick and invest on the right platform.

A lot of people talk attract and tease new Forex traders by appealing to their senses such as greed, fear and desire for increased leisure. These are easy marketing techniques but are very misleading when it comes to Forex trading. Admittedly, buying and selling currencies in the Forex market is so simple its merely a matter of clicking a mouse button. However, that is where the easy part stops. Everything in Forex is timing and that is what one must understand.

Forex robots appeal to new traders because of the ease of execution and overall lack of effort required. But, this is the lazy mans game and it will far too frequently end in disaster. The appeal to traders dislike of spending hours in front of the computer is why so many new systems tout Mega profits in just 30 minutes a day. It has been said many times in the past, but if this were true then everyone would be involved in trading. The fact is, it is not true and if you are able to spend just 30 minutes a day trading Forex and succeed that is as much due to fortune (aka luck) as it is skill.

I am not saying that you cannot make money in 30 minutes. On the contrary, many times you can get a trade that gives you 20, 30 even 50 pips or more in just a few two minute candles! It is possible to make fast money in the Forex. What you need to understand is, that there is no correlation between the time you spend trading (looking at your screen) and your profitability. What is critical is not how much time you spend but what you can and are able to do with that time.

I have found through my own experimentation that, indeed, the more hours I spend trading does not at all necessarily equate into greater profits in the Forex market. On the contrary, when I have traded a full day (say from UK open to noon EST 8 hours) I have found that more often than not, I tend to either give back much (if not all) of my profits I acquired early on or even go so far as end down on what would otherwise be a successful trading day had I stopped after just a couple hours. I feel that it is easy to become embroiled in longer trades with more and greater leverage when you trade long hours than if you confine yourself to a shorter trading period. When you give yourself a specific amount of time to trade knowing that you must complete the trade (win or lose) in say two hours time. Under these circumstances, one often makes more crisp and disciplined decisions.

I feel that this is true but it doesnt not mean that you can just spend half an hour and bank big profits. On the contrary, you should give yourself enough time to see a trade through to fruition. That can be anywhere from 2 mins to 4 hours. Although, I would caution staying in a trade for more than 2 hours unless it was a planned, longer term trade where your risk is contained in some way (either via a proper stop loss at BE, or if perhaps you are letting the second half of your trade run). One must know that the longer a trade is on the more unknown factors creep into play. Things change and risk increases the longer you are in any one single trade. I know a number of very experienced and successful traders who use time stops taking themselves out of a trade automatically when something does or doesnt occur within a given time frame (often just 10 or 20 minutes).

In the end, realize that ending the day in the black (even up 10 or 20 pips) is a huge achievement. If Forex trading is an augment to your current salary then steady as she goes. Never get greedy and trade to satisfy your psychological needs. Pay strict attention to your body and your mind as well as your trade as time progresses. Trading over and over will not necessarily yield more profit. Give yourself enough time to find a trade and then let that trade run its course keeping in mind the limits of both the market and your own stamina. Often, it is as good to take a 30 or 40 pip win and walk away from your trading station as it is to exult in your trading prowess after such a win and keep bearing down on the market for more. Give yourself time limits and parameters on your trading. Keep in mind the market cant be forced. During your trading time there will not always be good trades, so dont trade just for the sake of trading.

Have you been planning to send money online to India? It can be a risky affair to send a huge amount from one country to another with the help of online remittance services. If you want the money to reach safely and timely to your friends or family in India, here are top 5 safety tips that you need to follow. These tips will not only ensure that the money is in safe hands but also help you avoid misuse of your personal information such as card number or bank details.

1. The device you are using for online remittance needs to be safe. For instance, if you are using your laptop or your smart phone to make a transfer, make sure it is secure and malware-free. There are certain malware that can easily pull your personal details including bank account number and card details so; the device you use for logging in to your online account should be security scanned and safe from any malicious software.
2. Always choose a reputed online remittance agency that has been into business for many years. With so many remittance websites out there, it can be difficult to choose the right one if you don’t do some research. You can ask for recommendations if you have friends or colleagues who send money through an online agency. A good agency will not only ensure quick and hassle-free transfer of money but also offer the best security system to keep your money safe till it doesn’t reach the beneficiary.
3. Password protection is the third most important safety tip when you transfer money to India. You must have a strong password for accessing the online service for money transfer. This is because password theft has become common on the internet. Due to this theft, many people have compromised on their financial security. Always have different passwords for different accounts. For instance, don’t have the same password for your email account as well as bank account. Even if you lose one password, your other account will be safe for use later.
4. It is important to save or print the receipts of the transfers you have made. This is because in case something goes wrong, you can use the reference number or other details from the transaction as a proof for payment. This will help resolve issues easily, if any. Reputed money transfer firms on the internet always email a receipt of the transfer to the money sender once the transaction is completed. You should always save these details for future use or reference.

It is strongly recommended to send money to people in India whom you know. In case there is someone you need to make a payment to, it would be advisable to send the money to your family and they can give it to that person, as and when required. Also, beware of spam emails in which people ask you to wire them money for a specific job or purpose.

So far, wire transfer is a very easy method to get the money transferred across oceans. It is opted for when the transfer has to be immediate and the duration for completion of this process is normally 48 hours, thanks to the introduction of swift code. Because of the quick nature of transfers, this option is now highly sought after by increasing number of individuals. The flexibility, especially no charge on transfer after a certain amount are a few features that ensure more and more people look forward to it.Let us see what HDFC and ICICI has to offer here. The HDFC charges nothing when money is received through this mode. However, the correspondent or intermediary bank may put some charge on receiver. .Now, basically the HDFC gets a draft directly from foreign bank and then, the draft is cashed to receivers account or in hand. However, no information about exchange rate will be offered by HDFC as the wire transfer is not collected directly. So, you can request the copy of credit advice that is sent by foreign bank. Here the fees will be stated and it can be approximately 500 INR.ICICI, on the other hand, charges some amount as fees on current accounts, if they are receiving money via wire transfer. Normal charge is 250 INR plus the service taxes. The information about foreign exchange can be availed in a weeks time or a little more. Yet, these things do not come into the way as wire transfers are very safe, fast and immediate. You can completely rely on this system and that is why, its popularity is increasing with each passing day.

Have you been planning to send money online to India? It can be a risky affair to send a huge amount from one country to another with the help of online remittance services. If you want the money to reach safely and timely to your friends or family in India, here are top 5 safety tips that you need to follow. These tips will not only ensure that the money is in safe hands but also help you avoid misuse of your personal information such as card number or bank details.

1. The device you are using for online remittance needs to be safe. For instance, if you are using your laptop or your smart phone to make a transfer, make sure it is secure and malware-free. There are certain malware that can easily pull your personal details including bank account number and card details so; the device you use for logging in to your online account should be security scanned and safe from any malicious software.
2. Always choose a reputed online remittance agency that has been into business for many years. With so many remittance websites out there, it can be difficult to choose the right one if you don’t do some research. You can ask for recommendations if you have friends or colleagues who send money through an online agency. A good agency will not only ensure quick and hassle-free transfer of money but also offer the best security system to keep your money safe till it doesn’t reach the beneficiary.
3. Password protection is the third most important safety tip when you transfer money to India. You must have a strong password for accessing the online service for money transfer. This is because password theft has become common on the internet. Due to this theft, many people have compromised on their financial security. Always have different passwords for different accounts. For instance, don’t have the same password for your email account as well as bank account. Even if you lose one password, your other account will be safe for use later.
4. It is important to save or print the receipts of the transfers you have made. This is because in case something goes wrong, you can use the reference number or other details from the transaction as a proof for payment. This will help resolve issues easily, if any. Reputed money transfer firms on the internet always email a receipt of the transfer to the money sender once the transaction is completed. You should always save these details for future use or reference.

It is strongly recommended to send money to people in India whom you know. In case there is someone you need to make a payment to, it would be advisable to send the money to your family and they can give it to that person, as and when required. Also, beware of spam emails in which people ask you to wire them money for a specific job or purpose.

In this modern world, people are going cashless, to an extent you’ve never seen before. If you are not enjoying thebenefits of digital payment apps, you’re actually falling behind times. Pretty much everyone is using e-wallet mobile apps or online payment gateway models for their daily transactions. The reason for this is that these apps provide a secure, easy and fast environment for online payments. this article will cover the best practices to ensure eWallet security.

Looking back just a decade ago, people used to wait in the queue at ATM’s to deposit or withdraw their money. But, nowadays, people prefer using e-wallet mobile apps for easy transactions to avoid the advantage of instantaneous transactions with convenience. Not only the users that are adopting e-wallet technology in their droves, but now also the business owners are joining in with plans to integrate gateway payment solutions into their own business offerings.

Many are predicting that the concept of Fintech, eWallet and other payment apps influenced by technologies like NFC, blockchain, QR codes and so on, are going to own the market in upcoming years. So read this blog until the end if you want to know more about the top eWallet solutions, along with the features and average cost.

Technologies For eWallet Security

There are various powerful technologies or solutions which can be implemented into eWallet applications. These solutions make the app more secure, easy and reliable to users. The most common technologies used ineWallet Mobile Appsare mentioned below.

NFC Technology

The NFC or Near Field Communication allows users to transfer funds without sharing the contact details. This technology deals with easy data exchange between closely located devices. NFC allows users to make payments directly with their smartphone – instead of payment cards. Some of the successful examples of NFC are Samsung Pay and Apple Pay. In addition to this, NFC also allows the transferring of funds by simply touching one smartphone to another smartphone.

Bluetooth or Beacon Technology

These allow you to identify nearby devices that you can make a payment to. This a very fast and secure technology to use for transferring funds digitally. You can transfer funds to other users who are close to you or who are in the prescribed transfer range.

Blockchain

Digital wallets integrated with blockchain technology are extremely safe, secure and immutable when compared to other solutions. This technology is preferred mostly by financial organizations and government agencies due to the high level of security associated with blockchain. Blockchain is also very enticing to these large organizations due to the extra features that blockchain technology offers, such as decentralization and being able to offer tokens.

QR Codes

QR Codes are generally used for making payments or transferring funds to other members of the public. It is also used to make payments with contacts that are not saved in the user’s phone already. For making a payment, users just have to scan the QR code of the receiver. This technology is one of the smoothest and most simplified ways of making payments.

Currency calculators are mostly used by the foreign exchange traders and international travellers. However, FX traders find converter currency most useful as they can easily know the current and updated exchange rates of different foreign currencies and that makes it easier for them to trade in the FX market. Transnational financial transactions also come easier with extensive usage of this type of converters. These converters or calculators are self-propelled and work on preset algorithm. Therefore, users get the updated and accurate data whenever they want. As the currency market fluctuates oftentimes, the traders always want to stay updated about the latest rates. Internet-based currency converter has especially become popular among online forex traders who just want to keep an eye on the currency market 24/7. How does a calculator work? These days, converter currency tools are mostly web-based. The proprietors of these tools make use of the power of internet to gather real time data and send feeds to the users as and when the rates fluctuate. Most of these calculators are free to use whereas you may have to pay a small amount for using web-based software applications that provide information of currency exchange rates and many other associated things. You have to download and install these applications on your computer and may have to renew your subscription after a certain period of time for using their information services. However, if you choose to use an online currency converter, you can use it for free and theres no need to download or install anything. These converters work in a simple manner. You can just select from the drop-down list of currencies and compare the rate difference between two currencies. Which currencies are included?An online converter currency is primarily meant for forex traders and business and leisure travellers who visit many countries and want to check the currency exchange rates while on the move. Whether you are going abroad or want to check USD exchange rates for AUD in real time, you can use can online calculator like this and that wont cost you a penny. If the rates fluctuate in a matter of seconds, the system will fetch the data and automatically refresh itself. So you can get to know the slightest changes that might happen. A currency converter like this can be compared to a sincere watchdog who is keeping a sharp eye on the forex market changes round the clock. You can get updated information on almost 80 to 85 currencies that include United States Dollars, Great Britain Pound, Australian Dollar and many other currencies. Other benefitsAn online converter currency is much more than just a calculator. A calculator is just a part of it. Whenever you visit a site that has a calculator in it, you can expect fresh information and tips on currency market trading, historical rates and many more info bits that might mean most to you as a trader. If you are new to the currency exchange market, you can know the implications of the jargons commonly used and soon become an active part of the currency market trading. Finding a currency converter online is not a big deal as there are several websites providing same kind of info services.