Invest In India

Sending money to one’s home land is a problem for expatriates. There are many safe and unsafe methods of sending money home.  To protect your hard earned money, the first thing you must do is to completely avoid all unsafe money paths.  Don’t send money through close relatives too.  Never send it via casual acquaintances or strangers like friend’s friend, kin of kin etc.

Always use well-established and secure routes for transfer of funds.  Online transfers are safe because they use the latest encryption and updated security software.  Never reveal your accounts and passwords to anyone, be it your friend or relative.  Change the password at irregular intervals.  Never convey information regarding transfers via phone or over net.  These precautions will keep your accounts secure.

Give power to a close friend or relative to do transactions on your behalf by signing a Power of Attorney in his name.  That is better than sending money to a third party.  Regularly check each and every transaction.  Never hesitate to follow up every deal, be it small or big.  Through words or deeds never make the feel that you are an easy target.  Cheats and forgers are waiting at every nook and corner.

Pay outs through bank accounts are safer than cash dealings.  Online transfers and ECS (electronic clearing services) are the best and the safest.  Now these modes of pay outs are widely used and there is no cash payments involved.  All transactions: telephone bill payments, electricity bill payments, water meter bill payments, bank deposit, transfer of funds etc can be done online and through ECS.

When you make your payments and methods of transfers secure don’t forget the person you are sending the money to.  You are putting into risk the life of these people by sending a lot of money to them.  So make sure those people are wise, healthy and strong. Never send money to elderly people who stay alone.