I have used Remit2India (Times of India Group) a few times to send money to India. Today I got an offer mail and I just cannot believe their audacity to advertize this offer!
Dear Ram,
We appreciate the trust you have placed in Remit2India and we believe that your patronage should not only be recognized, but also rewarded. That is the reason we have designed a programme exclusively for you as mentioned below.
If you send money using Remit2India on or before 31st January, 2006(IST), you get
What you Send(USD) = What you Get Extra(Paise)
1000 – 2500 = 0.05 Paise
2501 – 5000 =0.10 Paise
5001 & above = 0.25 PaiseHurry! Send Money Now.
Yes – they are offering me 25paisas for sending $5000 dollars!
PS:
For those sending regular dollars back home, the new SBI Global Link offers the best exchange rate.
For $1001 (I found that you usually get a better rate if you send $1001 instead of $1000) on today’s exchange rate with no extra fees [Online ACH transfer)]
Money2India [ICICI Bank] = Rs 43.69
Remit2India [Times Group] = Rs 43.71
StateBank GLS [SBI]= Rs 43.89
Market Rate = Rs 44.04
Obviously rates change daily – but I’ve usually found them to consistent in their markups
I guess paise promised is for per dollar..the per dollar increase in value differs based on the range..Its a guess..might be wrong..