Overseas payment from Mumbai

A major part of Mumbai’s population is now living around different parts of the world. In order to achieve a higher standard of living and better know how about the world, people drifted from their home country to abroad countries. An increase in the outflow of folks from Mumbai has eventually gave a push to the demand in overseas payment from Mumbai.

There is an ‘n’ number of reasons for which people migrate to foreign countries. Some of those reasons are as below;

• Education
• Medical Treatment
• Emigration
• Employment
• Film Shooting
• Leisure trips
• Participation in global conference and specialized training

Above are the most common purposes for which people travel abroad and this has necessitated the need for overseas payment from Mumbai. Whatever be your requirement for money transfer to abroad country, there are different modes of overseas payment from Mumbai are currently available to carry out the transaction without much delays.

What are the most popular ways of overseas payment from Mumbai?

The two main options to easily send money abroad are as below:

• FCDD
• Swift Transfer

FCDD – FOREIGN CURRENCY DEMAND DRAFT

• Modest technique for overseas payment from India, especially from Mumbai
• A paper instrument in the form of a demand draft can be submitted to foreign banks and get the credit through the clearing process.
• Almost all the extremely demanded currencies can be taken as FCDD
• The draft is effective for 3 months from date of issue
• It is mainly used for educations purpose and suitable for overseas payment for education purpose from Mumbai

TT (TELEGRAPHIC TRANSFER) – SWIFT TRANSFER

• An electronic process of sending money abroad to be credited to the beneficiary’s account
• It has guaranteed speed in the overseas payment from Mumbai and assures perfect security for your money
• Swift transfer gets directly credited to the bank account of the foreign University and also to the beneficiaries’ account