As an NRI, you live in the USA, but you might still have responsibilities back in India. There are many options like wire transfer, foreign currency cheques etc. to transfer money back home but remitting online through money transfer operators is one of the fastest way available in the market today.
One such popular service is Money2India by ICICI Bank, which allows you to transfer funds from any bank in USA to any bank in India.
How long do international payments take?
International wire transfers usually take anywhere between one and three days. Transaction delays occur because of many reasons. Lets understand in detail about factors that can add time to your transfer:
1. The time you initiate the transfer
The closing times for money transfers can vary from institution to institution. If you start a new wire transfer after the cut-off time, then it is processed the next day. Even factors like bank holidays and weekends can delay your wire transfer.
2. If you enter the wrong details of the recipient
While this factor is in your control, it is one of the most common issues slowing down a transfer. You must make sure that you enter your beneficiary’s bank account details, SWIFT codes, names of your recipient and the bank, and any other necessary payment instructions correctly.
Be better prepared to send your remittances back home, try Money2India today to experience easy, fast and secure money transfers to India. Express transfers via Money2India, that take up to four business hours to reach India.
What’s more! Enjoy multiple benefits like any bank to any bank transfers, slab-wise exchange rates, 24/7 customer care, higher limits on transaction amount etc.