Remit2India: Special Festive Offers

This festive season, Remit2India will add plenty of cheer to your lives. Need to send money to India? Well, Remit2India is surely your way best bet. Send money with Remit2India this month and get amazing offers each and every time.

Here is our list of offers that are live currently:

Sending Country: United States of America (USA)
Sending Currency: USD
Offer 1: POWER 30

Remit2India Power 30 Offer

Festive Offer for United States to India

Send money to India from United States via Remit2India and get delightful offers on your first three transactions with Remit2India. On each occasion, get assured dollar thirty added to your transaction.

Offer 2: Special Login Offer

Sending Country: United Kingdom (UK)
Sending Currency: GBP
Offer: 50 % extra in INR value

Remit2India - Special Offer for Indians in UK

Special Offer for Indians in UK

Send money with Remit2India nad get upto INR 100,000 added to your transaction. Everytime you send money in GBP you get 50% of the sending amount (in INR) added to the transaction. For instance, send GBP 5,000 and get INR 2,500 additional added to the final transaction amount.

Sending Countries: Europe (Eur)
Sending Currencies: EURO
Offer: 50 % extra in INR value

Sending Country: Australia (AUS)
Sending Currency: Australian Dollar
Offer: FLAT 40 paisa extra per AUD

Remit2India - Special Festive Offer for Indians in Australia

Festive Season Offer

Send any amount from Australia to India and get assured 40 paisa per AUD added to your transaction.

There is something in it for everybody.

For more information you can visit our website – http://www.remit2india.com. Alternatively, you can email us at info@remit2india.com

Remit2India launch 24/7 credit-card remittance services for NRIs in UAE

UAE-based non-resident Indians (NRIs) can now use their locally issued credit card to transfer money to any bank account in India. The new service launched by Remit2India, a global leader in online cross-border remittances, will allow its user to send money back home using their UAE-cards instantly and at any time of the day.

According to World Bank figures, with inward remittances touching US$ 70 billion in 2013 alone, India is the largest recipient of international remittances and the number one source country for outflows to India is the UAE.

“More than 20% of the total remittance to India last year was from the UAE. Non Resident Indians (NRIs) in this country are always on the lookout for speedy, secure and convenient means to remit money to their loved ones back home and we are delighted to launch this new service which will enable them to transfer money to India, anytime and from anywhere,” said Bhairav Trivedi, Chief Executive Officer, Network International.

Since Remit2India services are 100% online, it saves the customer precious time by eliminating the hassles of visiting an agent’s office and standing in long queues. With no paperwork involved, the online remittance service can be accessed 24/7, any time.

If you are among the not-so-internet-savvy, in case you are stuck or have any problem using the service, do not worry. The service has a 24/7 customer support as well and a real-time transaction alerts to ensure you are informed at all point of time.

“Our aim is to provide the customers with a simple, cost-effective and transparent method of sending money home,” added Avijit Nanda, CEO, TimesofMoney. Remit2India is a service offering from TimesofMoney, majority owned by Network International, a leading payment solutions provider in the Middle East.

To use the service you’ll have to register on www.remit2india.com and provide the recipient bank account details. A remittance transfer can be made through entering the UAE card details or bank details and the amount to be transferred. Payment processing is powered by Network International, ensuring the security of the transaction and confidentiality of the customer’s details. Remit2India currently offers NRIs across 23 countries and has a delivery network in India spanning 90 banks.

NRIs can now enjoy tax benefits for salary credited to their NRE/NRO accounts

NRI-Taxes

Often NRIs working abroad face taxation worries for their overseas salary income credited into their NRE/NRO accounts. This is because a non-resident can be subjected to tax in India on that portion of the income which is received in India.

However, The Income Tax Appellate Tribunal (ITAT) which adjudicates tax matters, in a recent decision, has held that merely because the salary was credited by an international company to the employee’s NRE bank account in India, it will not trigger a tax incidence in India. The ITAT sought to distinguish between ‘income’ received in India and an ‘amount’ received in India.

Check out the Refreshed Remit2India!

Check out the Refreshed Remit2India Today!  Visit www.remit2india.com

Have a look at some of the new and improved features you can look forward to:

  • Seamless Experience across all browsers and devices
  • Slide bar to calculate exchange rates
  • Get started faster and with more ease
  • Quick Pay – Send money faster to same beneficiaries without re-entering details
  • Add bank account, beneficiary details, schedule payments all just one click away

Now it pays to stay in touch with your NRI friends and relatives

Remit2India - Har Naam Par Inaam offer

Refer an NRI and win amazing prizes

Remit2India, the chosen online remittance service for millions of NRIs across the globe, brings about yet another innovation for its customers and users in general. It has introduced a novel way for YOU to benefit by merely referring your NRI friend or relative.

Introducing Remit2India’s ‘Har Naam Par Inaam’ a referral program where YOU get to refer as many NRI friends to Remit2India as you want. And as soon as they use Remit2India, you get a Rs. 2,250/-* travel voucher PER referral. What’s more, one lucky winner will get a chance to fly and meet his or her friend anywhere across the world. In addition, your friend you have referred will also get a travel voucher worth Rs.3,000/-*

Remit2India's - Har Naam Par Inaam offer - Stay in touch with your NRI friends and family and win big prizes

It pays to stay in touch with your NRI friends & relatives

We all have friends from schools, colleges and our neighborhoods, who are living abroad. Thanks to Facebook and other social media platforms, we are connected with them online.  With Har Naam Par Inaam, you can get your NRI friends to be part of the Remit2India family – and both your friend & you benefit.

So if you have a friend in Sydney or a cousin in London, this is the time to make the most of your network. And who knows you might be visiting them soon.

*Prizes courtesy Ezeego1, terms and conditions apply. For more information, log on to www.harnaamparinaam.com.

It pays to stay in touch with your NRI friends & relatives - BIG TIME!

Participate in ‘Har Naam Par Inaam’ & Win – BIG TIME!

Rupee at lifetime low against the $

Indian-Rupee

 

 

 

 

 

 

 

 

 

The falling rupee has given FII inflows in India the shiver; however Indians abroad (NRIs) are making the most of it.
Rupee on Monday slipped to a lifetime low of 57.33 vs dollar. Dropping to a record low in early trade, this comes after disappointing data from India and other Asian giants like China and slightly better-than-expected US jobs data.

Speculations now rise for a possible intervention by RBI

Celebrating 100 glorious years of Indian Cinema

Remit2India celebrating 100 years of Indian Cinema

Some say it’s a passion, some an obsession, on completing 100 years Indian Cinema owes it to the man who is known as the father of the Indian Cinema ‘Dhundiraj Govind Phalke (1870 -1944)’.

Dadasaheb Phalke as we better know him as, held the first show of Raja Harishchandra what is widely considered to be the first Indian feature film at Bombay’s Olympia Picture Palace on April 21, 1913. The commercial screenings started 12 days later, on May 3, 1913 at Coronation Cinematograph and Variety Hall, Sandhurst Road, Girgaum, Bombay.

A salute to the every growing and ever enriching Indian Cinema which seems to be borne every day yet fulfills the legacy which started 100 years back.

Indian Cinema ‘Young at 100’

–       A tribute to all Indian by @Remit2India

Love for the yellow metal

gold-bars

Last year the Indian government increased the import duty on Gold to 6% from around 1% anticipating a correction on the price thereby curtailing the demand

However, the gold demand went up 41% to 262 tonnes during the October-December quarter as households flocked to buy their favourite precious metal, ignoring the spurt in prices.

The rise in demand poses a fresh policy challenge for the government, which is battling to control gold imports as part of its efforts to keep current account deficit under check.

So far those efforts seems to have failed as India emerged as the fastest growing market and retained its position as the largest market, according to data released by the World Gold Council.

Pravasi Bharatiya Divas (PBD) Convention- Kochi 7th January 2013

The eleventh edition of the Pravasi Bharatiya Divas (PBD) Convention, the flagship event of The Ministry of Overseas Indian Affairs, will be held in Kochi, Kerala, on 7-9 January, 2013. The Government of Kerala will be the State partner of this event.

The day commemorates the return of Mahatma Gandhi from South Africa.The Pravasi Bharatiya Divas is celebrated every year to cherish the contributions of the Overseas Indian Community to the development of India.

The PBD Convention provides a unique platform for overseas Indians to interact among themselves and with the Government of India and the Governments of various Indian States. It is a forum where the Government of India showcases investment opportunities in India and its potential in various sectors.

In the forthcoming PBD, numerous enthusiastic participation is expected from heterogeneous and diverse overseas Indian community spread across the globe. The effort is to have a meaningful and interactive event that would address the issues and concerns of the overseas Indian community effectively.

The great Indian Diaspora embodies the indomitable spirit of enterprise, harmony and patriotism for the land of their origin. The enthusiastic participation in the Pravasi Bharatiya Divas over the years since 2003, and the eagerness to connect with the homeland, express the emotional bonds that all Non Resident Indians so fondly share with their motherland. The commercial capital of Kerala awaits to enchant everyone with its natural beauty of backwaters, and mesmerizing monuments of God’s Own Country.

Impact on gifts received by Indian Americans

tax

In the US, tax on gifts is levied in the hands of the donor or person making the gift and not the receiver. Moreover, this only applies where the person making the gift is a US taxpayer, that is, a US resident, green card holder or citizen. Where a gift is made by a person resident in India to a US person, no gift tax is payable as the donor is not a US taxpayer. However, the person receiving the gift, being a US taxpayer, must fill up form 3520 – ‘Annual return to report transactions with foreign trusts and receipt of certain foreign gifts’
Expert’s advice “Even if there is no tax liability at the time of receiving the gift, US residents, citizens and Green Card holders who receive gifts over $100,000 from someone in India must file Form 3520 along with their tax return. This applies to financial assets such as cash, investments and also physical assets like property.”

In case the gift is in the form of property, the recipient must disclose the fair market value of the property on the date of the gift on Form 3520.

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