Business

The Pardesi Silver

Expat Indians rain moolah on folks back home, as money transfer firms grin from pocket to pocket

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The Pardesi Silver
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R.A. Umaid, 56, checked into Chennai's Apollo Hospital for a routine check-up. The doctor gave him a date for surgery: the next day. Frantic, Umaid called up his son in New Zealand who wired him Rs 2 lakh through IndiaPost. It reached him the next morning; a life was saved.

Gurdial Singh runs his own car repair shop in Bahrain and uses Western Union as a convenient way to send money for household expenditure or emergencies. For bigger amounts or for investment, he wires the money to his nri account in a bank in Nawan Shahr, Punjab.
hundis
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