Bangalore: Are you looking for various options to transfer money to India or abroad? There are vast options available, but choosing the right one is not an easy job, that’s why we are here to help you. If you want transfer money within India/or to or from abroad, in a safer and faster ways, then apart from banks and post offices, you can also approach global payment service providers, such as Money Gram and Western Union. In case you find these new modes of money transfer a bit confusing, read the guidelines mentioned below, as provided by Sakina Babwani from ET bureau.

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1. How To Transfer

The first step which you must take for transferring money is to decide whether you want to transfer it online or offline. Once you take your decision, we will tell you about to transfer your money more quickly and smoothly. However, the online options include e-transfers and power transfers, while the most common offline modes are cheques and bank drafts. As there is no single option that can be considered best, hence you should always opt for a reputed player with established systems in place so that you can be assured of a safe transfer.

Before opting for offline options, remember to ask your bank to list its correspondent banks. Then a look at the foreign banks your financial institution has partnered to make the money transfer smooth. For instance, Federal Bank has tied up with the Arab National Bank of Saudi Arabia and Doha Bank of Qatar.

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