How to Send Money to India via Bank Deposit

20 May 2021 - Category: Blog /
Do you need to send money to India?

If you want to send money to India, you’ve come to the right place. Small World is a global money transfer service helping people send money to their loved ones all around the world.

Our service in India allows you to send money in two ways: bank deposit and cash pickup. Today we’ll be taking a look at how you can send money via bank deposit and how important money transfers are for families and communities across India.

Supporting your loved ones

There is nothing more important than being able to support your family and friends when they need you. The value of family and community is especially important in India. Even when you are overseas you can still feel the importance of being part of a tight knit group of people.

One of the best ways to ensure your family and friends are supported is by sending money. Small World can help you send money to India via bank deposit in a way that is secure, reliable and convenient.

What are the benefits of a bank deposit in India?

If you are unsure about how you should be sending your money you should know that a bank deposit is a safe, easy and efficient way to transfer money internationally.

  • Safe

Small World is a regulated money transfer service that is used by millions around the world. There is no safer way to send money to your loved ones. By using Small World’s bank deposit service you and the recipient of your money can rely on the security of a formal banking channel.

  • Easy

The beauty of Small World’s service is that it is hassle-free. The sender can deposit money into any bank account in India with ease through our website or our app. Only the essential details are needed to complete a deposit and the recipient does not have to worry about anything.

  • Fast

A bank deposit is the quickest way to transfer money to India. Within moments the sender can know that their money has got to the recipient safely. Small World has facilitated millions of bank deposit transfers and you can rest assured knowing that your Rupees, Dollars or GBP will arrive quickly.

  • Efficient

Sending money to India via a bank deposit is also the most efficient way to transfer funds. The recipient won’t have to go to the bank or a pickup spot to get their money. It will all be in their account and they won’t have to take any time out of their day to receive the funds. It’s simple!

Banking in India

Foreign investment, remittance payments and overseas transfers are vital for Indian economy, business people and private citizens. Personal banking in India has progressed leaps and bounds in the last few decades with more and more people opening a bank account. Now, with increased focus on alternate channels to cash, bank deposits are the norm across most of the country. The Government of India is also giving a thrust on opening bank accounts for the unbanked population in India

A bank account means freedom. And financial literacy and accessibility is key to progress. When your loved ones have a bank account, it doesn’t matter where you are in the world. Your financial support will reach them via Small World

When people know how to transfer money from India to China through a bank or send money from the UK to India then they can improve the lives of their family, kickstart their business and support their loved ones.

Small World works with a number of banks in India as processing banks including Kotak Mahindra Bank, Yes Bank, HDFC Bank and ICICI Bank. The progression of all these banks has been towards an accessible online system. They all realise the value international money transfers have to families and communities in India. These banks are integrated on API with Small World to ensure a seamless processing and crediting of money into any bank account in India, be it in State Bank of India, Bank of Baroda, Punjab National Bank, Union Bank of India or any other bank.

At Small World we know that when it comes to money, the simpler the better. Thankfully, making a bank deposit is one of the easiest ways to send money internationally. Banking in India has never been easier!

Details required for bank transfer

Small World has partnered with banks like ICICI Bank and HDFC Bank to help the financial lives of Indians across the country. Over 80% of Indians have bank accounts and in the last decade there has been an increase in financial accessibility.

In order for Indians to make the most of their bank account we knew that it is important for there to be an easy and secure way to send and receive money.

To transfer money to an Indian Bank, the details you’ll require include:

  • Full Name
  • Bank Sort Code
  • Bank Account Number

Why should you send money internationally with Small World?

Transferring money to your family and friends in India is easy and if you need to send money that’s the way you should do it. But why use Small World? Well…

You should use Small World for your bank transfers because:

  • Your first online transfer with us is fee-free
  • We have years of experience on an international scale. Since we began in 2005 we have helped over 15 million customers send money to more than 90 different countries.
  • We offer value for money. We are constantly checking our rates with competing money transfer services to ensure that you are getting the best deal possible

Transfer Money to India

Use Small World to send money to India. Our money transfer service is the fastest and most secure way to transfer money to your loved ones in India. We are partnered with the top banks in India to ensure that every transfer is reliable and accessible.

Whether you are sending money as a gift or as a regular sum for support, Small World has a hassle-free process to allow your family and friends in India to pick up their money. Or you can send money directly to a bank account in India and your loved ones can receive your support without ever leaving the comfort of their own home!

It is the best way to send money to friends and family if you are out of the country. Sending money home has never been easier. Choose Small World!

Your first transfer is always fee free with Small World.

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