Ladies, Gentlemen, Software Engineers, Doctors and other types of workers around the world, PLEASE PLEASE PLEASE stay away from using w http://www.remit2india.com for remitting/transferring money to India. Use your regular NRE account transfers from your regular/nationalized banks. Eventhough you get less conversion rate, its safe and atleast you wont be cheated as this master scamster https://remit2india.com has mastered. They are definitely one of the leading money transfer company which uses cheap tactics to fool users of their hard earned money.
I usually learn the hardway and never listen to other people and now my experiences reflect that I should have avoided this company at any cost and help other people do not follow my footsteps. I usually send money to my parents for maintenance since they are retired old and as a son this is my responsibility. And since I usually send small amounts like$500 every month I never cared to see how am I being fooled. But I was interested to purchase a property in India and sent my down payment around 7 lacs. I used remit2india, before I made the transaction I spoke to the remit2india customer service guys and made a deal that they will waive of transaction fee, add 3 paise more etc, the$ conversion rate prevailing last week was around 40.71. And in the last week it never went below 40.65. But these scamsters converted money @ 40.23. Though its not too much money if we see, but multiply by the amount I sent well over 10k its a credible amount. Those guys as you have already noticed says it is the prevailing rate. WTF how can that be so low, yesterdays rate published on their website was 40.36. So fellows you judge yourself.
I wish I could do something to stop this unethical company from doing such a thing. Any ideas or if you have already pursuing anything let me know, I have your full support and help in providing whatever the information you need in pursuing this matter. I complained though in BBB USA, RBI etc
Thanks
Sids