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Sending Money to India
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Avoid Remit2India like plague
I have tried several different options to send money to India. Of all the services, Remit2India has been the worst. They claim to give you best exchange rates, but the reality is very far from that. I did a test transfer of $50 in late June 2009 and they took around 3 weeks to complete the transfer. The exchange rate a dismal 43.9. The dollar-rupee conversion hasn't been this low in almost a year. Still they claimed that this was the prevailing exchange rate at that point. Obviously money2india transfers from around the same time had much higher exchange rates. Money2India has been the better experience to date. I also started to use the online remit service from Citi, it's been surprisingly painless so far for a Citi product.
Moral of the story-- stay away from Remit2India at all cost.
Moral of the story-- stay away from Remit2India at all cost.
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