Sending Money to Buy Overseas Property: What You Need to Know?

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As a Non-Resident Indian, many of you wish to buy property in India. Buying property overseas is one of the safest investments you can make for your family and its future. While the world is growing by leaps and bounds today, it is still possible that we wish to return to our motherland for good. However there are certain rules that govern buying property overseas in India for NRIs.

As per the rules laid down by the Reserve Bank of India (RBI), NRIs can buy residential or commercial properties in India with the help of foreign remittance from their current country of residence. The payments have to be made through banking channels based in India and abroad or from money that is in their NRE, NRO or FCNR accounts. However, the overseas property investment cannot be financed with foreign currency or traveller’s cheques. This is where Remit2India comes in.

With Remit2India, sending money to India to invest in property is really easy. Firstly, there are no limits in the amount that you can send in the form of bulk money transfer to India. In addition to that, there are also other important features that Remit2India offers. For instance, the platform is easy to use and completely safe & secure. The platform does not charge any fees for transferring money from the United Kingdom and Australia. And should you be living in the United States of America, you will not have to pay any transaction fees for money transfers exceeding $1000 in USD.

Moreover, with Remit2India, you can undertake an instant money transfer to India in UK, USA, Ireland and Australia. Also, the process is very simple. Just select the source and destination countries, fill in your details and add in the amount you wish to transfer. With the help of our real-time currency calculator, you can check the exact amount that will be transferred back to India which keeps the process completely transparent.

In addition to all of the above advantages, there is a specific advantage for using Remit2India for all your overseas property investment needs. The platform has a special feature that allows you to set up a monthly EMI system to take care of your property payments. This makes the entire affair really convenient. All these advantages make Remit2India the best way to send money to India. The portal is an ideal solution for all your overseas money transfer needs. It is especially beneficial when it comes to major financial transactions that require bulk money transfers to India for big expenses such as buying property overseas. Remit2India allows you to transfer money from any country in the world like Australia, United States of America, United Kingdom, Ireland and Canada in the most economical ways possible.

Moreover, the platform offers multiple payment options to further add convenience to your money transfers. While online transfers and wire transfers gets your money credited to your. While online transfers and wire transfers get your money credited to your beneficiary's account in less than two days, instant transfers do it really swiftly. Also, online money transfers are really easy and secure with Remit2India since the money that you transfer directly reaches the bank accounts of your friends and family.

Since overseas property investment involves bulk money transfers, you can always get in touch with Remit2India’s dedicated customer support team to get to know all the details about your transfer before you make one. They are available round the clock. From specific money transfer rules, exchange rates and time taken to any other question that can possibly arise, you can get it sorted from our team. If you want to cut the queue, you can request for a call-back as well. What’s more, we offer interesting referral programs to help your friends find an easy way to send money to India and also let you earn from it!