With digitisation and rising competition, sending money using a money transfer service may not be the most competitive way anymore. There are a lot of different applications which can be used to send ... With digitisation and rising competition, sending money using a money transfer service may not be the most competitive way anymore. There are a lot of different applications which can be used to send money to India directly into the bank account of the consumer. An NRI can either do a wire transfer with the bank or use any online company for fund transfers. These companies directly deposit cash into the recipient’s bank account which gives funds directly to the beneficiary in a hassle free. The procedure for most of these fund transfer methods are similar – You receive a confirmation email and a transaction ID which can be used to recheck with the recipient’s bank. Source: Free Articles from ArticlesFactory.com