Go Through Your Cell Phone to Send Money to India with Not Many Fees

If you ever desire to send money to India, you are probably always looking for new ways to do so. There are of course the traditional methods that have been around for years, such as financial institutions, money transfer services, and mailing a prepaid debit card. However, now you can additionally use your phone to send money to India, which is great news if you have family there that needs your assistance financially.

As long as your recipients have Tata Indicom, which is a major cell phone provider in that nation, they can transfer and receive money as much as they want. The program is called Green Money Transfer, as no paper is involved. It is all based on technology, and your relatives will just need to sign up for the service before they transfer or accept funds.

Once they sign up, they can then go to the nearest location to them and get a transfer for up for 5,000 rupees. If you are sending money to them, they will simply need a transaction number in order to go to Green Tata PCO branch near them to pick up the funds. This is after you have started the transfer on your phone. Though the program has limited locations right now, look for future expansion, or even other similar programs that permit transfers from the phone.

If you want to send money to India by phone but do not have this cell phone provider, there are other choices. You may mail them a prepaid debit card. Once you select a service from which to get the card, you can send it to your family members, and then call the company to add money to the card. If your phone has Internet, you can also log on to add money that way. It will cost your relatives less than 50 rupees to use the prepaid debit card at stores, and approximately 140 rupees every time they remove funds from an ATM, no matter the amount. Each time you add money to the card, you will be charged a $5 fee, so sending large lump sums is more cost-effective than transferring a little at a time. Either way, this option is often much less expensive than using a financial institution, and it is especially convenient if your family members do not belong to a bank.

Whatever the reason you have to send money to India, there are numerous choices. Sending funds from a phone is just more attractive to most people, and typically the cheapest option. Whether you choose to use cell phone providers or a prepaid debit card, transferring money to family in India is doable without breaking the bank, or even holding an account.