Gone are the days when sending money overseas used to be a tough job. Globalization and development in all areas of technology have turned the entire world into a small village, making things easy for mankind. The development of the internet not only in developed areas but also in the remote and developing areas of the world has the biggest role to play in this constructive process. In the current scenario, opportunities for education and employment are not only just limited to one’s own country, but have expanded to horizons abroad, with money being the most important factor at play.

The transfer of money from India to the U.K. or anywhere else has been made easy by the advent of the Internet and telecommunications. There are major platforms in existence such as Remigos that provide a great deal of assistance with the cheapest ways to send money from India to the UK.

International money transfers take a certain portion of your money sent which includes foreign exchange conversion costs and transaction fees. According to some reports, the average cost of sending Indian money to the UK was around 5 percent in the year 2020. Although, the United Nations’ sustainable development goal is to reduce that average international cost to 3 percent by the year 2030, which still seems to be a significant obstacle to overcome by the system.

Factors deciding the costs of money transfers

A lot of factors are responsible for the basis on which the costs of money transfers depend, some of which are :

• Method of payments adopted: The costs vary on the mode of payment used. There are different methods available for money transfers internationally like Bank drafts, money orders, online money transfers and online wire transfers.

• The service provider: The service provider charges you a fixed amount for the money transfers depending upon the amount of money you are transferring. These charges are different for different companies and providers. It also changes depending on the amount of money sent, a higher amount of money transferred accounts for higher charges by the service provider.

• Countries of the senders and receivers: The recipient to whom the money is transferred, also has to pay a certain amount of money. Countries like the US and the UK charge higher amounts, and these charges are different depending upon the country in which the recipient resides.

 The current times, fortunately, provide people with a sea of options to choose from for cheaper ways to send money from India to the UK such as Remigos. One can look after the prices charged amongst all the options available and then make the best decision which suits your pocket accordingly.

CHEAP MONEY TRANSFER METHODS FROM INDIA TO THE UK

Here are the best available options available cheapest ways to send money from India to the UK:

• Remigos: Remigos is the best choice for sending money from India to the UK. Their prices charged are 5 times cheaper than the market and are also known for their super-fast transfers in just 6 hours. The money transfers made here are 100% safe and secure and are RBI regulated. Here are the steps to follow for sending money through Remigos:
• First, you need to register at their website or app using your email address, or a Google account, Facebook or Apple account.
• The next step is the verification of your identity with the PAN card, Passport, Visa and College offer letter.
• Next, you have to fill in the details of the recipient’s bank account and state the reason for sending the money.
• Lastly, you have to pay the money using a bank transfer, and in no time the money will be sent to the recipient in the UK.

• Instarem: Instarem is a good option to send money quickly and safely. The services provided here are cost-effective. Not just in the UK, but you can send money everywhere with the help of Instarem. Every time you send money using Instarem, reward points are awarded by them adding more benefits.

Money transfer these days are easy and affordable. All you got to do is pick the right provider that suits you the best, and transfer your money in a snap.