Now, send money home more frequently

.....Those using the money transfer service largely belong to the working class. They try and send their savings when the rupee is weak, say experts. This mode is advantageous for those who do not have a bank account or whose work sites are far away from cities or towns, such as an offshore oil rig. Or, the beneficiaries might be living in remote villages or towns, which might not have access to net banking or a bank branch might not be close by. “RBI's move would also help those who receive salary more frequently; for instance, salaries are paid every week in the US. NRIs there would be able to send money more frequently,” ......

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