Top Money Transfer Companies in India

money transfer

When it comes to travelling outside the country or sending money to your loved ones, using the best money transfer services is essential. However, when choosing the best company, you’ll need to be diligent. Conducting proper research and knowing about the best services can guarantee safe and secure transactions at all times.

That’s why, today we’ll be looking at the some of the leading money transfer services in the country, the RBI guidelines for money transfer and Transwire – the easiest way to transfer money internationally.

The Leading Money Transfer Options in India Wise

Wise can be a wise choice when it comes to transferring money. The app is considered to be the leading authority in global remittances. Wise is a UK-based business that’s growing at an astronomical pace in the Fintech.

Wise is known for using a transparent approach to global payments alongside offering a multitude of transfer options. Coupled with these features, its online platform and mobile app are easy and simple to use. The business’ promise is to offer transfers at a rate that’s 2x lower in comparison to its competitors.

  1. Instarem

Instarem is highly-rated in the money transfer industry. This firm based out of Singapore handles remittance requests across APAC, India being one of its main markets. The business stands out by offering minimal transfer charges and offering a near-to 0 exchange rate margin. Their customer service is available around the clock with a number of their service teams based in India. All-in-all, Instarem is one of the most credible brands in the market.

  1. Ria Money Transfer

With a global agent network, Ria Money Transfer offers its customers options to transfer funds online and offline! The company earned its goodwill primarily due to its cash payout system. With home delivery and collection services offered across 400,000+ locations worldwide the accessibility Ria provides is high. Additionally, against the industry average of 3-5 days of processing debit and credit card payments, Ria makes them available instantly to their customers. Summing it up, Ria makes it to the top-3 services in India.

Now that you know about the international money transfers, let’s take a look at RBI and its AD 2 guidelines.

RBI – Authorised Dealer Category II

The Reserve Bank of India provides a category for NBFC institutions under category 2 to deal in foreign exchange. The list of vendors allowed to deal in foreign exchange currently is:

  • Upgraded FFMCs,
  • Select RRBs
  • Select UCBs
  • Other entities

Due to a large portion of the Indian diaspora being connected to foreign remittances and other FOREX transactions, RBI has taken an initiative to expand the current network and include selected organisations into the network. It translates into greater opportunities for Indian business to offer FOREX services.

Additionally, the RBI mandates that NBFCs offering FOREX services need to have a board approved policy on the management of risks and handling customer grievances that arise out of any such activities. The RBI also has set up the requirement of a monitoring mechanism that needs to be in place for monthly audits.

In spite of expanding the ecosystem, RBI has maintained that there will be a tight leash on the leeway given to such organisations on handling FOREX transactions on a daily basis. The process of granting licenses reflects this thoroughly. RBI is only granting licences to those NBFCs having a minimum investment grade rating.

Lest assured, this is good news for customers. You can now transfer money via local authorised dealers of RBI category II without any stress. The extreme level of oversight put in place by the central bank ensures secure and safe transactions without any delay. Additionally, the authorised dealers you can access locally will also be NBFCs of the highest order in the country.

Transwire – Your Next Step to Easy Money Transfers

Transwire is an AD2 as authorised by RBI. The business seeks to simplify FOREX transactions for customers using AI integrated software to single out the best rates available 24/7. By using Transwire, you can transfer money simply by singing on, booking a currency and paying the amount.

Some of the top reasons for which we recommend choosing Transwire are:

  • Category II Authorisation by RBI makes the service one of the most reliable services in the country,
  • 500,000+ satisfied customers pan-India,
  • The business has roughly 22 branch offices across the country to ensure each customer is within reach,
  • SaaS based systems employed by the business makes FOREX transfers safer by taking advantage of cloud based two-factor OTP authentication and other security protocols,
  • Transactions are made quicker as the pipeline is completely automated and self-reliant,
  • 24/7 customer support for instant query and grievance resolution.

Thus, Transwire is a next-level method to transfer money across borders easily. By using Transwire, you as a customer reap the following benefits:

  • Best currency deals are available at all times due to the live tracking system of Transwire
  • You can block your desired currency rate for up to 3 working days.
  • The transfer rates you access at Transwire are cheaper than most banks,
  • The Swift Wire Transfer system is super-fast and gets your FOREX transactions completed almost instantaneously,
  • There are no hidden costs at all

Thus, using Transwire can change the way you transfer money completely. With the 2-factor authentication and lightning fast transaction process, transferring money to your loved ones, for education, or travel can be done from the convenience of your home.

Transfer Money without the Stress

Going to a physical store or navigating a complex app may often be challenging when transferring money. That’s why we urge you to choose Transwire – an absolutely home-grown FOREX service. Transfer remittances and other payments from the convenience of your home in no time.

Check out Transwire and services you can avail. In case you have further queries, feel free to reach out to their customer service that’s available 24/7. Make transferring money to your loved ones a process that’s as smooth as silk. Ensure that your money is safe hands with Traswire’s top-notch RBI-authorised secure payments service!

What are the uses of Prepaid Cards – A Complete Guide

uses of prepaid cards

What is a prepaid card?

Debit and credit cards can smoothly take care of money transfers and payments, but the scope of these cards are limited when it comes to budgeting your expenses or protecting you from fraudulent activities. Prepaid cards, in particular, can be more helpful if you wish to set a limit to the expenditure or allow its usage only up to a certain amount.

Uses of prepaid cards

A very popular alternative to credit cards, a prepaid card can be used by individuals as well as businesses to dispense with their daily functions. The flexibility and ease-of-use of a prepaid card enable it to serve various functions:

  • A prepaid card can double up as a very useful and heartfelt gift. A prepaid card is a suitable gift for every occasion: a birthday, anniversary, graduation, or retirement. Giving the recipient the freedom to purchase anything they wish through a prepaid card makes the act of gift-giving much simpler for you.
  • A prepaid card is the most hassle-free option for providing incentives and gifts to their employees for businesses and corporates. It makes the management’s job easier by doing away with the need for monitoring individual accounts.
  • Further, a prepaid card also facilitates smoother transactions between corporates and their employees. It can be used to take care of all kinds of allowances related to medical expenditures, meals, fuel provisions, and travel expenses.
  • As a parent, you may wish to keep an eye on the amount of money your child is regularly spending. A prepaid card places an absolute limit on the finances available to the cardholder at any time and is an easy way to ensure that your young ones spend with discretion.
  • A prepaid card can help you keep track of your expenditures for specific purposes. For instance, if you have found yourself often struggling to limit the amount you spend on clothing or other lifestyle items, designating a prepaid card specifically for those purchases can give you a sense of control.

What are forex prepaid cards?

Forex prepaid cards function somewhat differently from regular prepaid cards. A forex card is tailor-made for those who regularly travel abroad and require easy access to different types of currencies. Some uses and benefits of this card are:

  • A multicurrency forex card gives you the unique advantage of loading several currencies at once in a single card. For those who need to travel over long periods over various countries, having a forex card does away with the need to carry multiple cards for different currencies.
  • Forex prepaid cards make your travels safer and lower your risk of misplacing the three or more cards you would have had to carry otherwise.
  • You can withdraw cash from ATMs, pay online merchants, or shop at local markets using a forex prepaid card. In short, you can perform all the necessary transactions through a single prepaid card.
  • Like any other debit or credit card, a forex prepaid card can be used to make purchases up to the limit specified by you. The added benefit is that you do not need a bank account to avail of prepaid card services.
  • Since a forex prepaid card gives you the flexibility to load several currencies at once, you no longer have to go through the tedious process of currency exchange. If your travel plans are spread out all over the world, a forex card makes your journey more economical. 
  • Aside from its convenience and safety, a forex card also helps you monitor your personal finances better. Aside from the hassle of carrying loose cash, exchanging currency multiple times can make it very difficult to keep track of your expenditures and savings. With a forex prepaid card, you can check your online statement at any time and go through all your transactions.

Getting the manifold benefits of prepaid cards is now just a few clicks away with the help of online services like Transcorp. Applying for a prepaid card is fairly simple, although the steps differ depending on whether it is for personal or business use. For secure, reliable, and professional service, choose a company like Transcorp that will help you navigate the necessary formalities of swiftly getting a prepaid card.

International Money Transfers – How Transcorp Plays a Crucial Role in Currency Exchange?

International money transfers

If you have financially dependent family members living abroad, you must be familiar with the hassle of sending money to them. International money transfers refer to this process of sending money internationally, in the currency used in the country you are transferring the amount to. In the digital age, money transfers have become more accessible through the help of money transfer services.


Sending money overseas is taken care of by online service transfer providers in the following ways:


    • Online transfers are entirely safe and reliable methods of sending money abroad. The transfer service will ask you for the recipient’s bank account details, along with other relevant personal information and financial details.  
    • Online transfer services are very swift in completing the process. The recipient can expect the money to reach them in the destination country instantly or within 48-72 hours from initiating the transfer.  
    • The services offered also include currency exchange. The money you send abroad will be converted to the destination country’s currency, for example, dollars or euros. The amount you have to pay largely depends on the prevailing foreign exchange rates between India and the country in question.  
    • As per official regulations, you will be required to provide your PAN Card details along with other KYC documents as listed according to government regulations. These formalities will be taken care of by the online transfer service. They will inform you about the necessary steps depending on the amount you wish to send, and the laws of the destination country.


What is the process of exchanging currency?

Going through an online transfer service like Transcorp can make exchanging currency significantly easier. It eliminates the need of intermediaries, agents, and intermediary banks. Here is some basic information regarding the same:


    • Transfer rates and exchange rates might vary from service to service. You must be careful to compare the prices of all the well-known transfer services before selecting the provider you wish to engage with for sending money overseas.  
    • The taxes will vary from one transfer service to another. These rates are also liable to change over time depending on several socioeconomic factors. You are recommended to examine the exchange fees of different platforms prior to making the money transfer.  
    • The location to which you wish to send the money also determines what the exchange rate is going to be. Based on whether or not the currency has been devalued recently, you may be asked to pay at a higher or lower rate while transferring money abroad.  
    • The best international transfer services deal with all major global currencies, and you can complete all your transactions through a single provider. If you are required to send money to several countries every month, it is easier to keep track of your finances and complete the transfers at the earliest by going through one such service.  
    • Easy and swift currency exchange at the best rates has been made possible by online transfer services. You can now send money overseas at the most exchange and transfer rates because of these providers. For transferring money internationally in emergencies, online service providers offer you the smoothest means of exchanging currency.


How can I apply for online money transfers?

In earlier times, sending money abroad was an arduous task and involved a lot of paperwork and official obligations. Applying for international money transfers is simple on online platforms and can be done in a few easy steps.


    • It would be best if you first determined whether the provider exchanges currency for your desired destination country. Then sign up or write your necessary details on the website of the online transfer service. 


    • Follow up with the information requested of you after this step. You can either perform these steps online, or over email, or phone call. This depends on the service of your choice and the official procedure followed by them. 


    • Be ready with all the bank details and documents necessary to complete the transaction. 
    • In case of any doubts or mistakes, do not panic. International money transfers generally have a chat support system where you can reach out to an agent in case of any questions. There is also the option of contacting them over mail or a telephone call. You may also get in touch with their social media profiles on Twitter, Instagram, or Facebook if there is an emergency.



International money transfers has a complicated procedure and can take a long time if you go through your bank. Instead, choosing an online money transfer service like Transcorp can save you a lot of time and energy. Not only will your finances be handled smoothly and quickly, but you can also rely on them for maintaining absolute discretion.

10 Key Benefits of Domestic Money Transfer Services

benefits of money transfer service

Money may not run the world for the better part of our conscience, but it sure is essential. You may need money at anytime and anywhere. If you’re an investor you’d like to have money accessible at all times to grab onto market opportunities. Alternatively, if you’re traveling and run out of cash, you’ll need money immediately. Thinking of getting a new dress? Money is exactly what you need. In a world where money is so important, not having an adequate amount may be troublesome. That’s why we recommend you opt for domestic money transfer services. Money transfer services allow you to get instant access to funds whenever and wherever you want. They are quite handy when sending a remittance to friends and family as well. Let’s dive into the top 10 benefits of money transfer services!


  1. Increased Flexibility: Gone are the days of sending cheques via post and having to approve transfers at your bank branch. Domestic money transfer services provide convenient and flexible options for you. You can tap on the screen of your phone and send a remittance or essential funds.

  3. Historical Record: The money that you transfer remains on record the entire time. This is because domestic money transfers use digital signatures. This enters the amount transferred to and from your bank digitally. It ensures that all the money that’s been transferred is recorded immediately reducing chances of account imbalance.  

  5. 24/7 money transfer facilities: All of us are tired of long queues and waiting to transfer our money at banks. Money transfer services eliminate this ordeal. They allow you to transfer money whenever you want to at your convenience. This doesn’t only ease your worries but also saves you a ton of time. You’ll not need to worry anymore about sending or receiving money at any given time of the day.  

  7. Prevention of fraudulent activities: The reason we recommend domestic money transfer is because it helps prevent fraud. Since the money is being wired electronically from your bank account to another one, the record is quite easy to trace. Thus, in cases of fraudulent activities with your account, you’ll be able to report it immediately. Today the world of technology has evolved so far that the moment your account is debited, you get SMS and app alerts from your bank. It ensures that you know what’s going on with your account at all times.  

  9. It’s an instant process: Transferring money through electronic methods results in zero delays. A money transfer service puts in a request with your bank to send money to your desired account. The amount is deducted from your account balance and updated in the receiver’s account. What’s more, is that the entire system is automated now! 


  10. There’s no bank out of the loop: No matter which bank you have an account with, all of them have money transfer facilities. Thus, if you’re using a domestic money transfer service, you needn’t worry about affiliations. You can transfer money from and to any bank account, whether regional or national.  

  12. Bank Holidays are no restriction anymore: Using a money transfer service allows you to transfer on the bank, international, and national holidays. Since there’s no need for a person to be physically involved with the process, the system is fully operational around the year. If you’re running short of cash or sending remittances to your grandkids during festivities, a domestic money transfer is the best option for you!   
  13. Security is premium: While transferring money domestically, security may be your biggest concern. Whoever, these days tokenization, and verification systems are in place to ensure that your money is transferred securely. The process uses high-end encryption to ensure that it’s impossible to hack. It ensures that your remittance is safe and reaches the person intended to receive it.  
  14. Can be used for multiple purposes: Domestic money transfer services are used for a multitude of purposes. You can send money to family and friends, pay your bills, send business payments, etc.  As long as you’re sending money within the boundaries of the country, you’re good to go!  
  15. A boon to working professionals: Being a working professional is difficult as it is. Time is always short at hand. If you are someone who travels a lot, sending money via cheques is almost near to impossible. It’s where a domestic money transfer service comes in and allows you to make payments on the go.

    We recommend using a money transfer service to your advantage. Domestic money transfer offers a significant amount of convenience. Whether you’re a parent with a child, or a youngster sending a remittance to their parents, money transfers take the stress away from caring for your loved ones economically.

How Travel Forex Cards Help in Covering Baggage and Passport Losses

travel forex cards

As the pandemic finally eases, tourists are gearing up to travel overseas! If you are also planning a trip abroad, forex cards are an absolute must-have for you. Visiting new countries can be an exhilarating experience. But to pay for essentials abroad, you need to have some foreign currency on hand. Since travelling with a lot of cash is risky and inconvenient, you need travel forex cards to simplify your experience. Besides helping you pay for essentials; these cards can also cover losses! Whether you lose your baggage or the all-important passport, forex cards can come to your rescue. Wondering how? Read on to find out.

Why are Forex Cards Essential on Foreign Trips?

Different countries use different currencies. When you visit a new nation, you must pay the locals in their native currency! Foreign travels are full of expenses: lodging, food, shopping, and more. To cover all this, you need plenty of foreign currency on hand. However, it is rather unsafe to carry so much cash in a country you know little about. The risk of theft is high. At the same time, it is also too much of a hassle to carry that much cash.

That is why you must have a simple, one-swipe solution for all your payment needs. International forex cards bridge this need gap with ease! In addition, these cards also offer insurance covers for baggage and passport loss. These added benefits make these cards even more attractive for any travel enthusiast.

What Exactly are Travel Forex Cards?

These cards are just like a debit card, but for foreign currency. Forex cards are prepaid cards with a certain amount of foreign currency. You can swipe this card at any local ATM to withdraw local money. You can also use it at any point-of-sale terminal to pay for things you buy. Think of it as your usual card, except it is linked to an account full of foreign currency. It is a seamless solution for your travel troubles. A forex card is accepted nearly everywhere, so you need not worry about making payments abroad.

How do Travel Forex Cards Work?

These cards have embedded chip technology or magnetic strip technology. These technologies facilitate speedy and secure transactions in a foreign country. To use a forex card, you can sign up with a reliable foreign exchange service and apply along with relevant documents. You can choose between a single-currency or multi-currency card! If you plan to backpack through different countries, a multi-currency card is the best option. It can help you use up to 16 currencies with a single card. For less elaborate plans, a single-currency card works well.

What are the Insurance Options Available with a Travel Forex Card?

These cards come with multiple benefits for users. Forex cards cover or insure several untoward or unanticipated incidents while travelling abroad. Some of them are:

  • Coverage for financial loss borne due to card theft or phishing scams
  • Coverage losses incurred due to ATM assault or robbery
  • Coverage for the expenses missing a connecting flight during international travel
  • Coverage for personal accident claims while travelling abroad
  • Coverage for the loss or theft of crucial personal documents like passport
  • Coverage for baggage loss and baggage receipt delays

These are some of the typical covers offered with travel forex cards. However, you must read the fine print to check these details from your service provider to confirm.


How to Get Coverage for Baggage Loss?

When it comes to travelling with baggage, the most common form of card coverage is reimbursement for delays. You can file a claim if your airline checks in your luggage, but you receive it more than twelve hours after the scheduled departure time. This card coverage will help you get reimbursed for buying essentials due to the delay in accessing your baggage. Based on the terms offered by your service provider, you can also file claims against the loss of baggage. If your luggage is lost or stolen on foreign soil, your card provider can help you cover the expense. Typically, the cardholder has to bear the upfront costs. Later, they can file a claim and receive reimbursement after detailed perusal of their claim.


How to Get Coverage for Passport Loss?

Passports are vital personal documents for your identification and authorisation of travel. If you are stuck in a foreign country without your passport due to loss or theft, you must immediately apply for a duplicate. Your country’s embassy can help you get a duplicate passport or an emergency certificate. All this paperwork costs money, and you will typically have to pay for them upfront. However, you can later have all these costs reimbursed by your forex card provider by applying with relevant proofs.



Travel forex cards have multiple benefits wrapped in a simple card. Forex cards can substantially ease your travel-time woes. They can bring convenience and security to your travel plans with their multiple features. If you want a forex card provider you can trust, head over to this link for more details!

Online Money Transfer – Send Maintenance Money to Loved Ones in Abroad

online money transfer

Mr Sharma has two of his daughters studying abroad; one in the UK and one in Canada. So every month he needs to send a certain amount to them to suffice for living expenses, conveyance, and allowance. The tuition fees have usually required the start of the term, not as regular as the maintenance, which he sends using online money transfer services


Mr Wilson, on the other hand, has recently moved to India, being transferred from the UK headquarters, with his family back in London. Like Mr Sharma, he too has to send maintenance money abroad every month for the family, just like the thousands of others who avail themselves of online remittance services regularly to send money to their loved ones. 


Outward remittance has found prevalence among a significant percentage of the population with loved ones and acquaintances living abroad.
In March 2020, it was recorded that $344 million was transferred by Indians to relatives staying abroad. The staggering amount has been ascending every fiscal, owing to the increased movement across the borders for personal, professional, business, and medical reasons. 


Now, maintenance can be anything, ranging from student fees to family allowance and more, such as:

  • Money for real estate; which can be either for buying the property or for maintenance purpose.
  • Paying allowance or financial support to the family living abroad;
  • Utility or house maintenance, while the residents are living in another country;
  • Paying student fees and allowance for living, conveyance, etc.;
  • Paying for the medical expenses.


There is a multitude of other reasons why one might need to send money abroad. We will be discussing the relevant details about the process and the avenues to access in this write-up. 


Outward Remittances: Understanding Abroad Money Transfer


What is an outward remittance? When a person transfers or sends money from their domestic account to a recipient account based in another country, it is called outward remittance. So every time Mr Sharma and Mr Wilson send money to their loved ones located in the UK and Canada, they might be using online outward money transfer services, but the act of transferring the money is termed as an outward remittance. In India, all foreign transfers and transactions are regulated by the Reserve Bank of India under the FEMA, also known as Foreign Exchange Management Act. 


Outward remittance is considered the most convenient way to send money abroad. It is easy and fast for the sender, and the recipient can get access to funds instantly. Since it is done on a secured banking network, there are minimal chances of fraud or financial mishap. 

Online remittance might be the most convenient medium to send money abroad, but that is not the only way out there. The other avenues for sending money to another country are:

  • Cashiers cheques
  • Bank drafts
  • International money order
  • Online wire transfer


However, owing to so many online remittance providers, and because it takes a lot less time than the other options, people choose it over the others. 


Process of Sending Money Abroad


Now that we are past the basics, let’s get to the process that one has to follow to send money abroad.

  • The first step is choosing an outward remittance provider like Transcorp, for instance, to transfer maintenance to your loved ones living in a different country.
  • The second step is getting the accurate bank details of the recipient, including bank account number, SWIFT code, PAN details, and other relevant bank account details.
  • In the final stage, you would contact the remittance provider, furnish all essential details and complete the overseas money transfer from the sender to the recipient’s account. 


RBI Guidelines about Outward Remittance


Before initiating abroad money transfer, one needs to know about the RBI guidelines about outward remittances, which are:

  • You can transfer up to $250000 in remittances at once or multiple instalments in a financial year. 
  • You can conduct as many transactions as you want to maintain the maximum transfer limit in a year. 
  • Outward remittance requires stating the purpose of the transfer.
  • You would have to submit your PAN details during the money transfer.
  • There might be the requirement of additional MYC documents depending on the purpose of the money transfer abroad. 



Is it your first time sending money abroad? Are you seeking a reliable remittance provider to send maintenance money to abroadTranscorp offers affordable, fast, and efficient outward remittance services through its multiple centres across India. The services are backed by RBI AD2-authorization, ensuring that your funds are in safe hands. Check out the range of their financial services here

Everything you need to know about Money Transfer Service

Money transfer service-min

As a token of wealth and its exchange, money has been around in some form or idea for thousands of years. If we look back to the older civilizations, the exchange happened in livestock and goods, known as the barter system. We gradually moved on to coins (500 BCE), and paper currency (600-900 CE), leading up to the present-day prominence of electronic or online transfers. Speaking specifically about the modern-day concept of a money transfer service, it dates back 150 years with America as the place of origin. 

Western Union was the first company to send money overseas via a telegram. A lot has happened since then. The advancement in technology and financial services has led to a revolution in money transfer, especially in the past decade. 

At present domestic and international money transfers comprise a significant market share in the financial services industries with multiple avenues and factors in the equation. What took weeks for monetized telegram can be executed in a matter of days through cutting-edge money transfer services today (both domestic and international remittances). So what are the options? 

Money Transfer Service: Better than Banks?

The benefit of an instant money transfer service is that it makes cash readily available in times of emergency. At present, money transfer domestically takes a few minutes to a few hours while international transfers take a couple of days. 

Nevertheless, the receiver gets the money fast, unlike traditional financial institutions like banks that still take days to a week to credit the amount into the receiver’s account. Hence, a money transfer service is more convenient, secured, affordable, and ensures timely execution and processing of the transfer.  

Domestic & International Money Transfer Service

Money transfer has two distinctions. You can either send money domestically (within the country) or you can send money abroad from India or vice-versa. The latter is termed outward remittances. 

Money transfer services typically offer both domestic and international transfers. For domestic transfers, one has to send the money from one branch to another. The sender avails the money transfer services to deposit a certain amount in one branch, while the money gets debited from his/her account. The same amount gets credited to another branch from where the receiver can get the money.

International remittance is when you send money overseas, which is more complex than domestic transfer. It also costs you more because of the foreign currency exchange rate, which tends to differ in real-time. So, the idea is to find a service provider that offers you the lowest exchange rates without surplus transfer charges for your remittance. 

Using money transfer services allows you to send money overseas with the local currency that you have at hand. For instance, suppose you want to send a monthly allowance to your daughter studying in America, you can send it in INR and receive the amount in US dollars. In bank transfers, a deposit can only be made if the receiving account is a USD account. The deposit can only happen in USD. 

The advanced digitization in the financial services sector and modification of traditional processes have brought landmark changes in domestic and international money transfer practice. It has not only made it faster but also more secure through advanced safety protocols. 

Transcorp: India’s Trusted Money Transfer Service

Transcorp India has a legacy of 25 years, offering people seamless domestic and international money transfer services at the industry lowest charges. They provide individuals and businesses with an assortment of financial services, with money transfer being their primary area of expertise. They have AD2-authorization from the Reserve Bank of India, which makes them legit and reliable as well. 

Transcorp’s domestic money transfer service is enabled via a substantial number of branches that enable the customers to send money to each other in a matter of minutes; it is a hassle-free process that neither requires one to open an account like in a traditional bank nor the hefty charges involved in the process of money transfer. 

The outward money transfer or international remittance service of Transcorp is considered one of the best in India, which helps one to send money overseas at affordable charges. The company is the principal agent of Western Union, allowing the execution of cross border transfers in seconds across more than 200 countries. 

Treanscorp has outlets in more than 40 locations along with a 6500 franchise network across the country. 


In this digitally advanced age, with globalization constantly shrinking the border, having access to trustworthy money transfer services has become the need of the hour. Transcorp offers convenience, speed, and reliability in domestic and international transfers, unlike any other service provider. Check out their services here and leverage the best money transfer services in India.