Send Money to India | 7 Easy & Quick way

 As per a report by the United Nations, India has the largest diaspora population in the world with around 18 million people from the country living away from their homeland in 2020. Hence, India continues to be the top receiver of remittance in the world. The US, UAE, Saudi Arabia, Canada, Qatar, UK, Kuwait, Oman, Germany, France, Australia and China are the top countries from where remittance money comes to India. There are several ways to transfer money to India online as well as offline. Here are some of the best ways to send money to India along with transfer charges.

SBNRI Team

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Is my money safe in a bank during the COVID-19 crisis?

 Y-E-S! Yes! Yes! & Yes! Your money is not just safe but safest in a bank. NRIs from all over the world keep asking the same question “Is my money safe in a bank?” Well, where would you rather keep it? Below your mattress or in your abandoned car parked outside your house? You are no drug lord and your life isn’t some series on Netflix! Not Yet! So be practical, and be smart! Park your funds where they must go. Maintain the balance between savings and investments and slash in some of that insurance and emergency fund. Banks are a part of your financial planning, so let them be that. In this article, let’s bust the myth around banks and understand how safe they actually are amid the ongoing COVID-19 pandemic.

SBNRI Team

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NPCI—What Is It? How Does It Work? – SBNRI

 The full form of NPCI is the National Payments Corporation of India. An initiative of the Reserve Bank of India, NPCI is an umbrella organisation for operating retail payment and settlement systems in India. It has been established by the Reserve Bank of India (RBI) and Indian Bank’s Association (IBA) as a “Not for Profit” company under the provision of Section 8 of Companies Act 2013, for creating a robust physical as well as electronic payment and settlement infrastructure in India.

SBNRI Team

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Maximum retail price – SBNRI | MRP Full Form

 The full form of MRP is Maximum Retail Price. It is the highest price that can be charged by manufacturers for a product before the sale in India. Maximum retail price must be labelled on every product sold in India. Maximum retail price printed on products is inclusive of all taxes. Retailers can’t charge customers more than the MRP. However, some shops may charge slightly below to attract more customers to their stores.

SBNRI Team

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