Remit2India Offers – March/April 2014

Remit2India Extra Paisa Benefit Offer

Remit2India Offer

We have a few exciting offers for NRIs across the world. Currently, specific offers can be availed in Australia, Canada, United Kingdom and all across Europe.

Check out the offers below:

Australia

Send money and get upto 40 paisa extra per AUD. Simply send money via www.remit2india.com and get additional benefit on each dollar you send home, effectively increasing your exchange rate.

How this works?
If your sending amount is between AUD 50 – AUD 3,500 you get 30 paisa extra per AUD.
If your sending amount is between AUD 3,501 – AUD 9,999 you get assured 40 paisa extra per AUD.

United Kingdom

Send money to India from UK via www.remit2india.com and get a complete fee waiver on all transactions, regardless the volume. On top of that you get up to 40 paisa extra on your transactions. Not only do you save on fees, but also get better exchange rates during the offer period.

How this works?
If your sending amount is between GBP 50 – GBP 1,500 you get flat 25 paisa extra + Complete fee waiver.
If your sending amount is above GBP 1,501 you get assured 40 paisa extra + Complete fee waiver on transactions.

Europe
Send money from any European country and get upto 40 paisa extra per euro. The more money you send the higher the benefits. Visit www.remit2india.com today.

How this works?
If your sending amount is between Euro 50 – Euro 1,500 you get flat 30 paisa extra
If your sending amount is between Euro 50 – Euro 1,500 you get flat 35 paisa extra
If your sending amount is between Euro 50 – Euro 1,500 you get flat 40 paisa extra

Canada
Send money to India from Canada and get a complete fee waiver. Get maximum value for your money transfer with this offer.
 

 


 

*TimesofMoney will reserve the right of extending / reducing the duration of the offer.

Countries That Lead In Outward Remittances

In this section, we aim to bring a series of country led insights on their immigration and remittances. Based on the World Bank Report, these nations have been contributing immensely to the GDPs of numerous developing nations and providing valuable foreign exchange.

We start this series with United States, ranked No. 1 in the remittance outflow at US$ 48.3 billions (as per 2009).

United States

It is classified as one of the high-income countries. Following are certain interesting facts regarding this country: –

Population (2009) 307 million
Population growth (avg. annual %, 2000–09) 1.0
Labor force (2008) 156.3 million
GDP growth (avg. annual %, 2005–09) 1.2

IMMIGRATION, 2010

  • Immigrants: 42,813.3 thousands
  • Immigrants as percentage of population: 13.5%
  • Females as percentage of immigrants: 49.9%
  • Refugees as percentage of immigrants: 1.3%
  • Countries from where citizens migrate to the United States: Mexico, China, the Philippines, India, Puerto Rico, Vietnam, El Salvador, the Republic of Korea, Cuba, Canada.

Outward remittances from the United States have increased on a YOY basis, apart from 2009, which was marginally affected due to the economic slowdown.

Do you think this trend of outward remittance would continue to grow from the US?

Australia

Having analyzed United States of America, now lets take a look at Australia.

 

Population (2009)

 

21.9 million

 

Population growth (avg. annual %, 2000–09)

 

1.4

 

Labor force (2008)

 

10.9 million

 

GDP growth (avg. annual %, 2005–09)

 

2.9

IMMIGRATION, 2010

  • Immigrants: 5,522.4 thousands
  • Immigrants as percentage of population: 25.7%
  • Females as percentage of immigrants: 43.8%
  • Refugees as percentage of immigrants: 0.8%
  • Countries from where citizens migrate to Australia: the United Kingdom, New Zealand, China, Italy, India, Vietnam, the Philippines, Greece, South Africa, Germany

Although the labor force is less as compared to the United States of America, we can see that population is growing at a good pace. The average annual GDP is growing at a faster rate as compared to the United States of America.

Also, from the above table, one may assume that Australia attracts immigrants and thus, may be the outflow of remittances has been increasing on a YOY basis.

Do you think that this trend of outward remittance would continue to grow from  Australia?

 

United Kingdom

 

Population (2009)

 

61.8 million

 

Population growth (avg. annual %, 2000–09)

 

0.5

 

Labor force (2008)

 

31.4 million

 

GDP growth (avg. annual %, 2005–09)

 

0.6

IMMIGRATION, 2010

  • Stock of immigrants: 6,955.7 thousands
  • Stock of immigrants as percentage of population: 11.2%
  • Females as percentage of immigrants: 49.7%
  • Refugees as percentage of immigrants: 4.3%
  • Countries from where citizens migrate to United Kingdom: India, Poland, Pakistan, Ireland, Germany, South Africa, Bangladesh, the United States, Jamaica, Kenya

Based on the data presented above, it can be noted that the population growth in the UK is less as compared to that of the United States of America and Australia. Also outward remittances have been declining post 2007 for 2 consecutive years. One may attribute the steady drop in outward remittances to the economic slowdown in 2009. The labor force is much more as compared to Australia, but the GDP growth is rather slow. But, a noteworthy point is the stock of immigrants which stands at 6955.7 thousands.

Will this factor lead to a steady increase in remittances?

Germany

 

Population (2009)

 

81.9 million

 

Population growth (avg. annual %, 2000–09)

 

0.0

 

Labor force (2008)

 

41.4 million

 

GDP growth (avg. annual %, 2005–09)

 

0.5

IMMIGRATION, 2010

  • Immigrants: 10,758.1 thousands
  • Immigrants as percentage of population: 13.1%
  • Females as percentage of immigrants: 46.7%
  • Refugees as percentage of immigrants: 5.5%
  • Countries from where citizens migrate to Germany: Turkey, Italy, Poland, Greece, Croatia, the Russian Federation, Austria, Bosnia and Herzegovina, the Netherlands, Ukraine

Germany is ranked as no. 5 in the list of top remittance sending countries in 2009. It managed to accumulate 15.9 US$ billions as outward remittances. One very interesting fact to be noted is that Germany has more immigrants as compared to United Kingdom and Australia. There has been no growth in Germany’s population since 2000-09. Hence, one could assume the birth and death rates to be at par in this country.

Other interesting fact to be observed would be the ever-growing outward remittances. The remittances outflows were unaffected even during the economic slowdown in 2009.

Do you think that this trend of outward remittance would continue to grow from Germany?

 

Remit2India’s March Money Mania – First Daily Winner

Opportunity knocks only once. Piyush Kheria, London, United Kingdom grabbed the opportunity with both hands and became the first daily sweepstake winner of Remit2India’s March Money Mania on 9th March 2010.

Expressing his happiness, Piyush said, “Regarding the service of Remit2India, I am very impressed with the smooth and quick transfer of funds. I had thought that it will take 3-4days for the transfer, but I was rather surprised to see that the money was remitted quickly the following day. I appreciate the systems at Remit2India.”

With Remit2India’s March Money Mania, you too could win assured daily and weekly prizes on every transaction. You can also calculate the amount that you will receive for every dollar sent with the help of the Cash-o-Meter. So why not try your luck and remit with Remit2India?