Finance – Change Magazine http://www.changemagazine.net General Blog Mon, 16 Apr 2018 11:49:41 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.5 How technology is making money transfer to Nepal simple http://www.changemagazine.net/2017/09/23/technology-making-money-transfer-nepal-simple/ http://www.changemagazine.net/2017/09/23/technology-making-money-transfer-nepal-simple/#respond Sat, 23 Sep 2017 09:26:57 +0000 http://www.changemagazine.net/?p=261 Do you wish to send money to Nepal? With the recent advancement of technology, every realm of life has become simple and hassle-free. Even when it comes to transferring money […]

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Do you wish to send money to Nepal? With the recent advancement of technology, every realm of life has become simple and hassle-free. Even when it comes to transferring money from one country to another, technology has made it highly simple to achieve the same through various methods. If you need to send money to Nepal, then you can rely on the modern digital methods of sending money with much ease and quite instantly. Transferring money online has gone truly digital.

With the advent of the smartphones in the current era, money can be transferred instantly to Nepal with you sitting in the comfort of your home. With just one click, you can send the desired amount of money to someone in Nepal without having the need to worry about safety or delivery concerns. In the current times, there are several modern and advanced methods of sending money to Nepal with much ease. Here are some of them:

  • UPI (Unified Payments Interface): This is the latest introduction in the field of money transfer technology launched by the National Payments Corporation of India which enables the transfer of funds highly simple just like sending an SMS. In this latest method, you would just require a proper user ID that has to be linked to your different bank accounts. By using this advanced technology of money transfer to Nepal, you can get rid of all the hassles of traditional ways of sending money like slow speed, safety concerns, and so more.
  • NFC (Near Field Communication): The latest technology of NFC enables your smartphone to function as a payment device. This is achieved by the elimination of the need for swiping the credit or debit cards. Under this technology, the users just have to tap the smartphone at the different readers of the NFC-powered payments. The payments get executed instantly and the entered amount of money gets transferred from your smartphone to the desired user in Nepal. This method is also highly secure as it is supported by some of the leading banks in the country.
  • Block Chain: This is the most recently introduced technology in the field of transferring money from one account to the other. This technology is powered by the still-researched cryptocurrency named Bitcoin. This technology offers high-end security to both the sender and the receiver and can be thus, used to ensure topmost secure mode of transferring money to Nepal. Several financial institutions are on the verge of using this technology to ensure the safety of overseas transactions with top-notch security and ease.
  • Money Transfer Companies: If you wish that your money transfer process to Nepal is taken under the safe hands of professional agents, then you can take expert help from the money transfer companies that are using the latest online modes of transferring money. There are several money transfer companies like the Western Union, Instarem, MoneyGram, and so more which are offering the high-end services of transferring money online with the use of the latest technology and methods. With the use of these technologies, these companies are offering the most secure and highly effective modes of transferring money to Nepal and even other countries.

If you wish to send money to Nepal or any other country, these technological advancements ensure the safest and the easiest method of making the money transfers. The money transfer industry is witnessing rapid technological innovations and you could soon be having access to these technologies to ensure easy and safe transactions, powering everyday transactions. Make use of these technologies and ensure the safer transfer!

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This is how to prevent High Charges on Worldwide Cash Transfer http://www.changemagazine.net/2015/06/25/this-is-how-to-prevent-high-charges-on-worldwide-cash-transfer/ http://www.changemagazine.net/2015/06/25/this-is-how-to-prevent-high-charges-on-worldwide-cash-transfer/#respond Thu, 25 Jun 2015 12:58:25 +0000 http://www.changemagazine.net/?p=82 There are many ways where one can make an worldwide cash transfer. However, because of so many choices available, selecting the best and least expensive one can generate problems. While […]

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There are many ways where one can make an worldwide cash transfer. However, because of so many choices available, selecting the best and least expensive one can generate problems. While lots of people choose a choice which will is easiest, individuals choices will frequently leave them having to pay greater than they ought to.

If you’re another couple of, who may wish to think hard before spending a lot on such transfers, here’s what search out for:

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Look beyond worldwide transfer charges:

One criteria to prevent would be to exclusively concentrate on transfer charges billed by banks or financial institutes. It might appear simpler to base an worldwide cash transfer on the quantity of funds you have to pay, but that’s only half the storyline. What’s normally overlooked, the particular exchange rate that’s received. Lots of high finish institutes offer high rates using more than three or fourPercent greater than you’d be giving, simply because there is a trust worthy name. Within the finish, in the event for example regular smaller sized repayments, our prime individual transfer charges mean high amounts.

Reasons your money can buy transfer

Surely, lots of people go for worldwide cash transfer services, however for different reasons. It’s not uncommon for people to transmit money regularly home, especially should they have a household to consider care off. In this situation, these people will have to create a transfer via a company that will permit these to make cheap transfers especially during this type of fixed period. This particular service ought to be shielded from any volatile market conditions. However, if you’re the couple of who send money-back home with respect to the different financial needs from the receiver, it is crucial that to select something provide which will satisfy you together with your unique needs. Check for that rates or any hidden factors that may be taken into consideration during such transfers.

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Consider deals and discount rates

There are plenty of providers on the market. However, with this particular additionally towards the altering volatile conditions, these providers are attempting to stay one over the competition. The only method this is accomplished same with through supplying deals and discount rates. This could include deals and discount rates in line with the transfers you are making. Alternatively, it might likewise incorporate deals and discount rates according to opening a free account using the company for lengthy term reasons. Do browse the contract clauses in a way to actually know that would be the benefits you are in position to gain whenever you open a free account using the company.

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How to find a Good Bank and Good Fixed Deposit Plan? http://www.changemagazine.net/2015/06/14/how-to-find-a-good-bank-and-good-fixed-deposit-plan/ http://www.changemagazine.net/2015/06/14/how-to-find-a-good-bank-and-good-fixed-deposit-plan/#respond Sun, 14 Jun 2015 12:55:41 +0000 http://www.changemagazine.net/?p=77 Lots of banks and financial institutes are providing called deposits schemes. From the available alternatives, the fixed deposits are actually a favourable option. But because of so many options available […]

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Lots of banks and financial institutes are providing called deposits schemes. From the available alternatives, the fixed deposits are actually a favourable option. But because of so many options available for sale, how can you choose the best one?

Listed here are a couple of tips that will help you for making your decision:

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Selecting the best bank or financial institute

The very first factor you should think about is really a bank or financial institute. You should check banks or financial institute’s history or balance sheet to understand more. You may also look for their credit scores to determine the way they fare. It’s not uncommon for institutes or banks having a low rating to provide high rates to be able to attract traders. Look for their rates, specifically for lengthy trips, as you’ll have a concept the way to invest lengthy term. Check out their secure period, as it can certainly range between three several weeks to some year’s time. The easiest method to compare rates is to apply the in-house FD calculator when they offer it on the internet. You have to analyse the service standards of the organization which may be carried out by the consultation from the investment consultant for those transactions. Probably the most important things to consider may be the defaulting clause. Certain things like bad performance, liquidation, cancellation of banking licence or merger or recession may cause these institutes to prevent coming back your investment funds. However, there are lots of methods for you to safeguard neglect the, for example getting an insurance plan upon your FD accounts to safeguard it.

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Selecting the best fixed deposit plan

After you have selected the financial institution or financial institute of your choosing, the next phase you have to consider may be the fixed deposit schemes. Lots of banks and financial institutes offer a multitude of fixed deposit schemes. But selecting the correct one could be a tiresome task. But you can look at certain things to assist assert the best plan to fit your financial needs. Compare factors for example maturity amount, interest, interest after tax and inflation-modified returns amongst others. You may also use tools such as the FD calculator to check the return on investments and also the right tenure. It will also help you invest the correct quantity to obtain the needed investment outcome you’ll need. The majority of the schemes incorporate a set rate with the FD calculator, so that it causes it to be simpler to check ratings. Take some time to look into the premature withdrawal clauses for every plan as they possibly can vary.

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Do You Know The Different Modes to get Money That’s Delivered to India? http://www.changemagazine.net/2015/05/10/do-you-know-the-different-modes-to-get-money-thats-delivered-to-india/ http://www.changemagazine.net/2015/05/10/do-you-know-the-different-modes-to-get-money-thats-delivered-to-india/#respond Sun, 10 May 2015 13:01:50 +0000 http://www.changemagazine.net/?p=87 Like there are many methods to send money to India, there are many methods to receive it to. Although there’s very little distinction between the delivering and also the receiving, […]

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Like there are many methods to send money to India, there are many methods to receive it to. Although there’s very little distinction between the delivering and also the receiving, you need to options which are easy to both sender and also the receiver.

Here are a few factors you can look at when you wish to transmit money from abroad that needs to be received in India:

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Deposit in banking account:

Probably the most convenient ways for an individual to get funds is really a direct deposit staying with you account. Normally, you can do this via online transfers or through wire transfers. Several banks have transfer partnerships along with other banks. Through this particular service, it is simple to send money to India in one bank to a different bank. The funds could be directly deposited staying with you account by supplying the quick code, IFSC code or perhaps the IBAN quantity of the recipient’s bank. Normally, this type of transfer takes around two to three days.

Cash transfer

A different way to send money to India is thru cash. In this manner, the recipient can certainly get the transfer in cash. Certain institutes such as the western union provides special services in which the receiver can collect the funds from a real estate agent location. Everything is needed through the recipient when collecting the money is really a government released photo ID. Furthermore, a monitoring number provided by the sender must also be proven as proof.

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Bank check or demand draft

Funds that should be moved may also be sent by means of bank inspections or perhaps demand drafts. The receiver can cash it whenever needed. Normally this bank check or demand draft could be sent straight to the receiver’s home if needed. This mode of transfer must only be carried out when the sender is confident concerning the security from the mode of transfer among a number of other factors.

Money Order

Very few people come with an account inside a bank or financial institute. This can be a similar situation mainly in the rural regions of India. This is where the cash order service could be advantageous. The cash order may be easily shipped straight to the readers local address or perhaps agent location.

Before choosing such option, the sender and receiver should be aware another influential factors relating towards the service. Some cash transfer services will need the receiver to pay for something charge prior to the full amount could be moved and deposited. However, within the finish, the sender and receiver should be sure that the service they select is advantageous and easy to each of them.

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