Sending Money Home (to India)
One of the first few questions that any one who has arrived in the US fresh from India asks is, "How do I send money home to my parents in India?". There are many ways you can do this. Send them a personal check (from the same bunch of checks provided by your bank that you use to pay your bills with). Write out the amount in dollars. Mail it home any which way that is convenient. Have the recipient deposit the check into their savings bank account. In due course of time (about 15 - 20 days), the check will be cleared (at the exchange rate on the day of clearance) and the money available for withdrawal. Some banks will allow you to encash the check immediately at a discounted price. Of course, if you want to send money periodically, you could send them a number checks appropriately post-dated. As an alternative to the above method of sending personal checks, you could make a Cashier's Check (in dollars) which...