I have been using the Money2India service for the past 5 months. But I can not understand logic of not committing an exchange rate. The deuct money from your bank and update status after 2 days. And the time taken for a transfer is a week. Where as sites like xoom commits the exchange rate at the time of authorizing payment and takes 2 working days to deposit.
I really can not get what is the strategy of the site. Except the fact that it is part of a good bank I would not have used it. Srinivas.