Online bill payments in India by US based person

#16 Aug 31st, 2017, 08:56
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#16
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Originally Posted by edwardseco View Post Side note is that China has amazingly changed over to cell phones skipping over card from cash. They are moving ahead fast..
Africa before most, and had the maximum impact !
#17 Aug 31st, 2017, 10:41
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Originally Posted by nycank View Post Africa before most, and had the maximum impact !
I will say that internet access in South Africa was quite poor - even in super fancy hotels and, to an extent, in a corporate setting as well. But that's not quite the same thing...
#18 Aug 31st, 2017, 14:15
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Originally Posted by kmalik View Post I will look at remit2India site. If they can automatically deduct from my US bank account and easily pay recurring bills, that'd be better (as more bank accounts isn't something I need)...
Yeah, remit2india needs verification each time, an NRE account seems the best bet and for setting up standing orders and of course there are other advantages which may not be apparent now.

Oh, I use ICICI Money2india, find that the charges are very reasonable.
#19 Aug 31st, 2017, 14:42
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Originally Posted by kmalik View Post I will say that internet access in South Africa was quite poor - even in super fancy hotels and, to an extent, in a corporate setting as well. But that's not quite the same thing...
Earliest money transactions in Africa did not use fancy apps, and required the basic Nokia phone and SMS capabilities. Call it Hawala like concept. These were small payment/transaction. No banks involved.
#20 Aug 31st, 2017, 20:35
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Originally Posted by Paleface View Post Yeah, remit2india needs verification each time, an NRE account seems the best bet and for setting up standing orders and of course there are other advantages which may not be apparent now.

Oh, I use ICICI Money2india, find that the charges are very reasonable.
I did use remit2india earlier this year to send money for my neice's wedding. Was a pain. I am not a salaryman, to use the Japanese term, and instead get my income from partnerships. The level of questions, the information like more than one year of tax returns and the number of folks that needed to talk to me all in the name of RBI regulation was excessive and intrusive. It felt like I was the one getting married. Awful awful experience.
#21 Aug 31st, 2017, 20:44
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Originally Posted by kmalik View Post It felt like I was the one getting married. Awful awful experience.
I hope, for your own good, that your wife does not see this.
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#22 Aug 31st, 2017, 22:15
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Actually, my wife and I had a wonderful and low stress (=non-Indian) wedding more than 25 years ago and have a very happy marriage throughout. We even talk to each other (referring to discussion on another recent thread). So, she couldn't care less.

I was thinking about the intrusive nature of questions kids from remit2india were asking about. It felt like the due diligence bride's father might do to verify a prospect's income source. They had no idea of how the money is made outside of the traditional salaried positions and that one might just have all income go directly to a brokerage cash management account instead of a bank. I felt this was excessive. I had many times the transfer amount in the bank account and found that remit2india asking for 2-years of bank statements for a simple money transfer was way over the top (I ended up sharing something like 3 month statements in the end).
#23 Aug 31st, 2017, 23:56
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In comparison, sending money abroad (North America) from India is pretty simple. I have done this thrice in the last two years, with very large (for me) amounts twice. Hardly spent ten minutes in the bank each time. Could have done it online, too, I was told.

No questions at all, except ticking a box for 'purpose of remittance' or somesuch that declares why you are sending the money abroad.
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#24 Sep 1st, 2017, 00:39
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#24
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Originally Posted by capt_mahajan View Post No questions at all, except ticking a box for 'purpose of remittance' or somesuch that declares why you are sending the money abroad.
That is my experience of Money2India too. The only question is to pick one from a number of purposes for the remittance. I choose Family Maintenance, or whatever it says, which is pretty much the case.

I've been using Money2India (ICICI Bank service) for twelve years. I don't know if they are any more intrusive when taking on a new user these days.

I could make a payment direct from my UK-bank Online Banking. Money2India (free until recently) charges me about six quid: my bank would charge me twenty or thirty.
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#25 Sep 1st, 2017, 02:01
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#25
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Originally Posted by Nick-H View Post . Money2India (free until recently) charges me about six quid: my bank would charge me twenty or thirty.
I know it was free, then charges, and I'm sure I didn't get an email about the change. Still not sure why? But what services are free anyway and their charges are reasonable... I mean it's 325UKP for 50,000UKP, which I know because was curious to see how incrementally the charges were levied.
#26 Sep 1st, 2017, 02:47
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I actually paid GBP-four.something to transfer seven hundred pounds this week. M2N used to be free on amounts over 500 quid. I didn't get any notification other than hearing it here either, but four quid... as against twenty that RBS would charge... I'm happy!

I'm not at all certain about this, I didn't pay it enough attention, but I think that RBS's exchange rates were worse too.

Transferring tens of thousands is something that I will never again have to worry about the cost of
#27 Sep 1st, 2017, 14:10
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#27
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Actually, my wife and I had a wonderful
Gotta take back the like above then. I thought it was sharp (and daring) wit. For me I dare not say..
#28 Sep 4th, 2017, 13:59
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#28
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Originally Posted by Bandicoot View Post I agree with the previous suggestion that opening an NRO/NRE account might be the most convenient option as it would allow paying bills completely under OP's control. (Either directly from the bank account, or by using the account to fund a service like PayTM that can then pay the bill.)

However, one hitch that one must be prepared to deal with in operating any account at an Indian bank from outside India is that many kinds of transactions may require OTPs (one-time passwords) sent to an Indian mobile number associated with the account. This means either keeping a mobile phone with an Indian SIM active outside India, or calling someone in India to get the OTP at the time of the transaction.

In my experience, Indian banks' software generally does not work well with non-Indian mobile numbers for the text alerts and OTPs.
I have a ICICI account in India. (NRE/NRO). The OTP comes to my UK mobile number by SMS

I just carry the UK phone even when I am in India as 'incoming' SMS is free even while roaming .

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