As of 2010, India stood as the number one destination in terms of annual remittances received. In fact, in recent times, India has always figured in the top 3 positions when it comes to nations receiving the highest amount of remittances. So, what is prompting this phenomenon? Apart from the fact that India is one of the top 3 countries in terms of number of people living overseas, there is another factor which contributes to that phenomenon.

The reason behind it

The primary factor behind more people, particularly from the US, choosing to remit 2 India is the falling rupee. The rupee slid to an all time low in the last couple of months, which means that NRIs get more rupees for their dollars. And it is exactly this phenomenon which is being milked by Indians living in countries like the US. This phenomenon is also called as arbitrage, whereby an individual makes profit from an unexpected inconsistency in pricing of an asset in two different markets. Although the rupee has recovered over the last couple of weeks, it still continues to remain weak enough to make remitting to India a profitable option for NRIs.

Sending money to India from USA

If you too have decided to use arbitrage as a way of earning some extra cash, there are plenty of options you have to remit to India. Given the highly lucrative remittance market, a lot of different banks and service providers have recently launched their services in the field. And while there are certain service providers who guarantee instant transfer, banks are still the best option because of reliability and good support.

There are many ways of sending money to India from USA , some of the popular methods are a wire transfer to India, direct transfer, a bank transfer and online money transfer. All these options differ by way of time taken for a transaction to be completed, the service charges applicable and of course, the security factor.

Although online money transfer is one of the best solutions available, wire transfer beats it in terms of popularity. There are more people who choose to send a wire transfer to India than the ones who choose to go the online banking way. A part of the reason for that anomaly could be a certain level of mistrust among people with e-banking, although that trend is fast changing.

Nevertheless, whichever way you choose to remit 2 India, reliability, customer support and pricing are the 3 essential factors to take into consideration when choosing a service provider. The ones which offer the best in all the three domains are the ones to go for.

The Financial Asset Management Systems Inc has an outstanding gold standard rating for clients in different industries including Healthcare, Education, Media/Telecommunications, Government and Financial services. The intention of the service is to achieve 100% customer satisfaction. It specializes on few things but ensures that it has done the few things but in the best way possible in order to pave way for long term, performance-driven business relationships operating on mutual respect, integrity, dedicated client service and superior results.

FAMS is a private equity-supported service a panel of seasoned management team. The company is positioned at a vantage to make the intended investments that would in turn help in achieving the best performance for all the clients.

The company was established in 1993 and its headquarters are located in Atlanta. This company has unmatched competence that allows it to turn papers into gold in as little as six days from any of its geographical centers located in Missouri and Georgia.

In the recent past, several companies playing jack of all trades have been established with intention of becoming everything to clients. Nonetheless, Financial Asset Management Systems Inc has been established with intention of offering a single but outstanding service that can be beaten by no other service in the industry- debt collection.

Among the debts collected by the organization include:

Custom programs

First party collections: early, mid and the late stage delinquency

Third party collections: mid prime, secondary and primary bad debt

First and third party skip and collect

First and third party default prevention

Pre-subrogation/ AWG

Third party letter programs

In order to meet the diversified needs of all the clients, Financial Asset Management Systems Inc normally use a customized approach to he requirements of all the clients. All the services and processes feature excellent customer support, timely communications and great performance. The implementation process, proactive management team and effective communication plan symbolizes the level of FAMS dedication to giving its clients first class service.

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To make payment of the debts easy, clients are given a 13 digit code that they can use to make payments online.