You might encounter the need to transfer currency more often than you expect. Your business may need to pay overseas employees and suppliers, by transferring Indian Rupee to US Dollars or other currencies in large amounts. You may also have several personal reasons for exchanging your INR that range from buying property abroad to paying foreign university tuition. Whether you are making a quick overseas payment or have an ongoing expense, to maximize your bottom lines and reduce the costs associated with international transfers, it’s important to consider transfer fees.
Sending money from India to any other country, known as an outward remittance, involves a high amount of government restrictions, and tight control of foreign exchange. However, it can be accomplished once you know what the Indian government deems acceptable. You will need to choose a method of remittance, and make sure that your transaction meets any regulations it is subject to.
Visiting a bank is not a wise option when it comes to sending money from India. You may be limited in the methods of remittance you can use with this method. and you need to provide the local bank account and lots of other applications, which is kind of complicated not to mention the ridiculous transfer fees！
So, the popular and reliable way nowadays to send money with Indian rupee is to use a third-party transfer service.
Epay.com allows you to send money with INR to many other currencies like USD, AUD, IDR，BDT, INR, NPR, NZD, PHP, SGD, LKR, THB, TRY, KRW, JPY, MYR, BRL, EUR, and HKD.
The best advantages are the favorable transfer fee and exchange rate. Comparing it with other online money transfer providers, you will find Epay is the cheapest.
and there is a piece of good news for Chinese who work in India, Epay is going to support Chinese Yuan pay-out soon. It is very convenient for you to send money back to China from India.
Steps to using INR for remittance:
- Register an Epay account and verify the account
- Deposit USD and select INR as the payment method.
- Make INR payment through your bank account.
- When the money arrives in your Epay account, make a withdraw. If you want to send INR to Australia, select AUD as the withdrawal currency.
- Waiting for funds to arrive. Same-day arrival is possible.
Get an Epay account now to start your money transfer traveling experience from India.